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For me this is good news and the share price reaction shows that. Already stabilizing around 5.8p before the inevitable rise as we progress towards end of the month.
For me the company have looked out for our best interests. There’s nothing the HNW person has seen since the last placing so my guess is he/she wanted to subscribe to more at 2.8p but the bots said no as it would have been more dilution.
I was thinking of top slicing some of my 5.8m holding but this has made me even more confident. Good luck all and a particular thanks to Thoth and SOG as well as many others
Market likes it as expected
Not sure what your previous experience of oil and gas stocks are but 30% chance of success is normal. If it was over 50% everyone would be drilling. We wanted this news and now we got it but so much negativity around.
I am happy
Placing done at a premium. For those who read RMM's post over the weekend it looks like he hit the nail on the head with wanting to raise a small amount for now. He never mentioned at a premium though so that's a bonus. A placing has never got me excited before but now we are good to go. Boom
This could really be multiples of today's sp in the not so distant future. More acreage and another big reputable holder. We should start seeing some momentum back to previous highs of 19p but I expect this to far exceed 20p soon
2.7p paid and can't see any resistance so could see a breakout forming. I am sure there will be plenty who sell but that is there choice and like others have said, we need sellers to make a market. I am holding my 5.8m shares tightly