Andrew Drummond returned my call late yesterday. He was as puzzled as the rest of us at yesterday's price drop, and thoroughly re-assured me that there is nothing, NOTHING, different about anything to do with the company (no hidden bad news) which could account for this.
He confirmed the very successful over-subcription of the recent placement (double the demand for what was on offer).
I broached the subject of the rumor re. AMP being said to be on board. He would not confirm or deny, but said that shares were still in the process of being divvied out today and tomorrow, and the new list of Top holders would be posted on their website early next week, so we all know then of any changes/additions to latest top holders.
He confirmed the April drilling program is on schedule as previously advised.
Neither he or any directors have sold any stock.
He was as normal and upbeat as at any other time I have spoken to him, and again assured me that all is proceeding well to plan.
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