Know the game17 Nov 2020 08:04
So what have we learnt?
I guess the starting point is the fan boys that look to stifle the story.
At 0.26p the Mcap was too low for Wall to raise.
So he had to boost it. Glossy presentations, rhetoric like "outstanding, transformational" and the HRZ ramp all employed.
Cenkos Research Note coinciding with them conducting the Raise. Disgraceful.
A spike before news points to Wall giving the nod to mates to forward sell.
If you listen to LTHs they will tell you 88e is a tight outfit. Nonsense.
Wall requires 15M every year to continue operating and draw his wage.
4.7 in the bank, so he raises 10.
It was coming, it's known news.
So what next?
Clear the overhang by ramping the potential oil in place, the Farm Out and spud?
Money to be made if timed correctly, punt money only if you hold through results and be mindful that Wall and his sycophants will say anything to get you to hold long.