RE: quiet15 Sep 2020 14:17
Hi GP, I can understand you concern. Here's my cynical take...
I think
a) a lot of money is sitting aside ATM because WN-B1 drill results are still weeks away. However these low prices and the recent drop will have a few watching very closely.
b) the MM's move this RIDICULOUSLY with only small volumes traded compared to the 7000 million shares in issue. The movement in MCap on these volumes is almost scandalous, but that seems to be the way the game is played. On paper it could 'annoy' II's but they understand and invest in a different way. one can assume most corporate holders have as much as they want at this time.
c) it almost seems the DELT offer was a way of generating a load of 8.3's so that a new record of corporate holdings was exposed and we know there were a few shifts explaining the trading activity, or some of it. None of this alters what must have been compelling evidence at the .9p fundraise last year though.
d) I'm post Corallion so won't go there but the Parta result was a negative. Shutting in wells is not something I like and A2 has been shut for over 12 months but obviously all wells and geology is different. Romania coul obviously still be very good....HOWEVER, it is true to say that most people are not here for that, the fundraise was not for that. It was for WN.
So all of the above can be reduced to...it's about WN really and there is a gap before we will know and in the meantime the MM's can F with the SP at their whim pretty much.... which means....
This is a very good trading share. look at the graph. This annoys me but it is what it is and REALLY, there is not long to go for the main event(s) to happen. The ones we have been waiting for anyway.
If the B1 drill does not go well, it is clearly not all over. However you can imagine what the short term SP action might be.
It is always good to worry a bit but in the end you have to have a bit of nerve as well. So it goes. That's my pennyworth, BH
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