one would expect SGY to also be running at the same time if that were true, however I think something else is up....
could they have sold down some of the assets and got some cash to develop the rest??? that would be a good idea and one I hope they can do
better a small share of something big that you can afford to keep than a bigger share that you can't
or perhaps via the new director some investors to take up the 6c placement or maybe some new JV partners in the current projects to take away the capex requirements
or indeed some good results from the other projects could also be possible.
all conjecture of course, but something smells like smoke to me
what is certain is that someone has been slowly buying on the bid the last week.
today he split his 500k at 3c (less the 70k that hit it yesterday) and moved 200k up to 3.2c
first small resistance around 5c, then major resistance at 6c...nearly 100% return is easily made from the 3c range
of course for me it's a bit better in the 13c range then I may be in profit!
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