I've seen it so many times before with this share. Posters saying "When X it will start to rise...". Well, if X is a certainty it will already be priced in. And if it's not a certainty, well... I hope it happens, but I wouldn't be confident!
Perhaps it is wishful thinking, but I think the importance of the $15m is that it gives mgmt. additional dry powder (i.e. cash) and adds additional pressure (one would hope) to find and execute a revenue-generating acquisition. I agree, the receipt of the $15m alone is probably a stock price non-event without some additional moves by mgmt. Indeed, more times than not with this company, erstwhile "good news" is followed by a sell-off...
But everyone has known about this for ages anyway. Do you really think confirmation of receipt will just add $15m to the share price?! I don't see why it would change anything. Hope you are right, though!
2k 6k 8k buying more each couple of days interesting! still a lot more to be bought!!
already gone up 20%+ so shows the worth of the buy back re company net value have already topped up myself - tempted to invest more could do with bod buying stock and confirming drilling one way or another will go ahead in etinde in 2017
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