RE: Off topic26 Nov 2019 13:23
Abatt there is a lot too read over there. In essence it seems even though a proven asset exists, the company I3e, are drilling another location which was due to complete around now. However on all accounts a mischievous report emerged yesterday morning claiming the drill was a duster, hence the dramatic SP fall. The BOD then, after 4.00pm, released an RNS , which basically states, there is evidence of Oil and further tests are taking place.
These reports have created havoc with the SP and until clear factual evidence is reported no doubt uncertainty will continue.
Afraid this is the AIM market, many over there are convinced of market manipulation, even corrupt activities.
Readers over there will form their own opinion.