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Still got my buy order set for 0.08p. How long will people be willing to wait, seems like the recent price action suggests the market think it’s its imminent but reality would suggest it’s still many many months away.
They would have raised already if they didn’t get caught about to dip their hand in the till last month causing the price collapse. Managed to secure a loan for now to save some face, when GOI approval doesn’t come in next couple of months and they raise again they will make the GOI the scapegoat.
I came to the same conclusion a while ago (evidence based) and have concluded today that assuming this evidence based timeframes pan out then they won’t have enough funds to get there without further raise/load (evidence based) and have set what I consider to be a realistic buy price based on those two metrics but apparently I am a shorter and wrong because a few holders who have already lost a lot of money say that they believe approval will be in a couple of weeks (fantasy).
They won’t have the funds to get to GOI approval
After second para “ Following on from the successful re-frac of the Cambay C-77H well in mid-2022” can anything in the report be taken seriously?
They are losing approx $350,000 a month and only have $1,000,000 cash to hand. Placing needed by June IMO.