RE: Miton13 Feb 2020 07:53
I would be wary of going off Morning Star figures for shareholders, on Ptal it was showing the second biggest holder selling, the updated company list at the end of Jan shows no change, I think similar to the $5m placing you are creating domesdy scenarios from thin air, the selling is the 120m shares as we know hit the market in November, that was always going to create an overhang, the last month all O&G stocks are well down with the China virus hitting commodities and lastly PIs are selling as you would expect on a falling share price.
The brutal truth for all of us here, it will probably take another 12 months to achieve anything like value here, and not many will see out the ride.