RE: The dop23 Nov 2018 07:56
The reality, apart from a 7% dilution effect, it is the same investment as before. The drill is due to re-start this weekend, hopefully both days will get this drill further down before the RNS to let the market know on Monday. If this is the case, then expect R1/R2 to be intersected by 5th December. The recent rough time is due to possible short position by Sandabel to get the book print prior to conversion, allowing them to uplift quite a few extra shares at the detriment of current shareholders. If they have the print they wanted, then expect them to close up that position by giving back the borrow via the shares they will receive very soon. Now depending on when they convert, they have until Tuesday to get yesterdays low into the three day low bid average, or if its is lower print today then 6.40 bid on the book, then Wednesday to get today included. Fair estimates would say they will tell the company they want conversion Monday to Wednesday next week. I would be very surprised if they did not use these low prints to gain more shares, Mr Sandhu is a sharp cookie, and he does not mind using all available manipulations to get the first upload done.
I see a blue finish today myself, so make the most of the prices today.