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As some one said earlier, when it flows. They have plenty of time to c?ck it up again.

probably in the wings for the Chinese?

Choking the existing wells is a good plan. Means they'll have more oil when market prices paid.

Strange block of trades, almost as if they've got the wrong stock?

POG not helping.

Wait until the 0.1p placing, how livid will you be then?

A spike on every drill. Catching more mug punters. Then a kick in the balls in 2020 with a 0.4p placing.

The best I've seen recently Ashtead 3.5p -> £25.

Don't knock 'em. They're the only PI's that are going to make any dosh on this poop.

All they need to do is something that makes money, don't hold your breath.

consolidation 20:1 20/6/18. There was another years ago.

It's just the uncertainty that there may be a placing.

I fear this is just a blip "As at 31 March 2019 the Group had cash in hand of US$12.1 million and net assets of US$70.2 million. The Directors have reviewed the forecast cash flow of the Group for the next 12 months. Based on this forecast, which includes planned capital and exploration programmes, the Group may not be able to generate sufficient cash flows to settle, in full, the deferred consideration of US$12 million payable for the acquisition of Coringa which falls due in December 2019."

cc, I think you're dreaming. This was a surge as a seller finished. So there's been an overshoot that the traders caused. So back to around 7-8p IMO until real news hits.

Not sure I go with that one. But it's impossible to trade at the moment. Snaps back really quickly.

Looks like a placing in the wings to me. II's selling some, to get cheaper in placing. Sprott loan due @ end of year. Directors have little or no skin in game. 20p placing?

If funding required for a project (not drilling). Then what will they do. Debt would be an weight on the SP. A placing would be more what they're used to (they're good at them). So what will the market do. Keep price subdued so placing will be at nice low price. So the shares are easy to flip. You just cant win with this one because of it's past history. Maybe on their second project it may get better.

Is this the MM's offloading the 850k or are there more coming on to market.

That's only 8 months, that will fly by and the SP will probably be around 0.4p by then. So placing below that on the cards IMO.

Probably a nice cheap placing with loads of cheap warrants as the strike price of existing warrants are way too high.