Overhanged cleared city boys out hopefully this should move without their manipulation a proper stable re-rate. Just need the shorts to close as many deramping for their own positions as city boys clear this is common and easy flr the shorters. So when they turn long should move freely. A good update on dukas can really rock them..
Further to my below post you will note some key points This is a very low value market cap for a producer of 3 wells (used to be 4 but we sold strawn recently). Placing was raised at 0.3 in May where we are pretty much at raising cash of 750k OK us we will have 75k from the recent sale. So we are cash strapped and producing. Stanley 1 now producing from recent works latest was 155 barrels per day in excess for average. Stanley 2 works nearly complete and should see more barrels from this. Stanley 3 will be drilled plus the other drills champion and falcon. Now you will see how heavily undervalued this is... Oh also the other assets we have too! This one has huge potential and as per the chart it is primed to move with the overhang cleared for tomorrow..
The 10mil and 7.5mil appear to be sells. There was a placing in May raising 750k with 250mil shares issued. Today and yesterday alone we seen 200mil volume. At the end we seen the 2 delayed signalling that the seller is out. The 200mil volume past 2days plus the volume post placing in May and any forward selling it is very likely that the placing overhang has been flipped. It is what has kept the share price down past 2days. Now that we have the placing flipped there is a gap to fill to 44 which should be filled tomorrow and then go on to surpass the recent high of 50s which it was prior to placing. This is from my observations anyhow.