Long term investors who have taken a position would have kept capital back for a CR down the track.
I increased exposure to this play on it's considerable upside.Serious players have taken positions for the up-coming drilling in late June.
As an investor the important thing is that you are on -board,if you have over extended yourself well thats another problem.
When they start drilling & we strike oil/gas the price of 1 cent should be history--the Ranau PSC (production sharing contract)covers an area of 2123 sq km(massive)
Junior oiler's in the 'shale plays' in the USA get excited over 50'000 acres.
The share-price pull-back allows patient investors to take positions.
Have promised myself not to chase a rising share price(not being a trader) human emotions being such-- still bought some at 1 cent.
Any one who did any due diligence on this 'play' should have known there would have to be a Capital Raising sooner than later.
I'm on board because it has 'muti-bagger' potential 'written all over it'-:)
Do your own research & be patient.
Good-luck -----Cham
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