Mother of all battles to be played out in Georgia never mind block 12 or little ol' FRR.
I can't see this getting resolved without some sort of coup. Either way we if we do become part of any success I don't think we will see it monetized this year.
bunsenburner123: My reasoning is that there were 2 price monitoring extensions after hours and I notice on level 2 there were buys at 0.59 and sells at 0.65 where both disappeared within a few mins of each other around 16:50.
A group could be shorting the share massively so hitting all the stops and yes it could gap further down tomorrow. If that happens the shorting crew will be buying back in and ramping the stock back up. Level 2 did not seem to suggest this though IMV.
Either way remove your stops and sit tight. The fundamentals of this stock seem excellent. Unless there any hidden nasties this stock should be good to go to 1.5p plus in the next month or so IMHO
If the license goes back to the GG would they not have to open the block to other oil companies to bid on? Wouldn't questions be asked if it was just given to a brand new company?