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Thanks Water. As much as I like to laugh at you ramping idiots, I stand by that statement. 0.005p was a great opportunity. Exiting this joke of a company is a choice every money grabber will have to make. Don't get greedy.
Humungus buys- breakout, people taking positions. Exciting stuff...? Get ready for the bullshot people. Their seems to be a trickle of rampers that is going to multiply. 88e; not much money in the bank and a large fund raise is desperately needed for the drill campaign. Lay your bets, but when?
Good luck with your strategy. IMO it's best to wait for the next cash raise, which this company always gives a nasty discount; good for flippers, and a kick in the gut for shareholders. I will wait until the next raise.
Everybody knows a big cash raise is on the way, hence the stalling sp. To raise substantial millions needed to drill, their will have to be an attractive discount; somewhere around 0.35p. Until the raise is finalized, the SP will go nowhere. The highs are getting lower. Cannot see this passing 1.25.....unless they actually find oil.
Totally agree. They have to raise alot of money immediately. This will just drift lower as in late 2020, with the SP hitting 0.0025, and raising at that level is extremely dissatisfying and also gut wrenching. Historically, the present SP is not a bad entry point, although I think the hopes of high spikes into the 4p area are long gone.