Max I would like to see your speculations and reasons of it falling to 40s.
As far as I am concerned. The current drop is cause by quick drop because the stock was offered at 63 cents and then the follow up drops due to the fear of investors seeing the stock drop.
Keep in mind that the company, desipite the weird capital raise, is not that much different to the company we were seeing to go up to mid 80s a month ago. The contracts and drills are still in place. They havent actually lost anything except maybe a few shareholders trust.
So i am expecting some floor around 55c and any positive announcement will bump this back to the 70s.
Can I have your reasoning behind it falling to 40s.
egypt, page-8
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