The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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They have to release news, as and when they have it.
If yesterday’s announcement had occurred before market open people would have had time to properly digest the information and realise nothing had changed. Instead a knee jerk reaction occurred to the share price and some more poor sods are now underwater. Questions need to be answered as to why there are so many mid day announcements, it doesn’t support an orderly market
Markets come to realise they haven't addressed how they're going to fund drilling the well in the first place imo.
Theres been no updates on payments from their partner for a while now and the funding they arranged has gone a bit awry with the sp so low.
Slow 'recovery' occurring, now down 1.66%, so at least we seem to have a firm bottom - or at least let's hope so. I am confident that this will come good, as no Board in their right mind would seek Offtake Financing unless they were confident in the drill and moreover, no Finance House would entertain the cost and work of developing a Term Sheet if they too weren't convinced there was something there for them. We really need news on the Rig and drill timetable asap.
The usual games - shorters trying again to hammer the bid to seed negative momentum again.
Nice to see fightback today. The foundations of a rebound are setting in. First target now will be yesterdays high
GLA
why the drop
Its odd as you say price matches, but % shows different! The world of modern technology!
No its not, it is 13.6% down live feed. Investing.com live feed.
You beat me to it. Must be wrong board.
GLA
No it's not, I have a live feed and it is down 4.16%
14.5% down now!
We were 31% up at the peak yesterday and ended up 5%. Now down 4%, so no net gain. Games being played by someone, but who?
Down 4.16% now - why the turnaround???