Yes, all the resistance is concentrated to normal levels of 3-5p, see the charts on moneyam. Last year there was a spike from 2p to 5p and no resistance because the price has never settled between 2-3p, its always been more fairly valued at 4-5p.
they have always said they would look for a jv partner to get the field going . only clon would sell part of its 60 % stake to this end . pet and the gnpc would keep their 30% and 10 % stake intact . that could change of course , but who would nt want a part of the hottest oil real estate on the planet . I am certain we could find a partner tomorrow on attractive terms and carried through to 1 st production .
your spot on , there is no way on earth that the management will un-necessarily dilute themselves our current holders until absolutely necessary . they could have raised money just to pay off their debts , but even the debt holders have agreed to wait until we know one way or another . we are quite safe in my opinion until after the announcement
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