RE: Maestro8 Oct 2018 18:15
Woody.
I have observed that many of the rampers have disappeared, several of which I know bought into the last placing.
I am assuming therefore that some form of placing is being arranged and they have sold out to buy in again. I am holding as there may well be some form of jv on the cards. lf MI is wise he will announce that several financing options are being reviewed when the permits land and hopefully push up the MCAP to minimise any dilution.
Maestro etc may get caught out. We have a world class asset which subject to the permits we are ready to drill. Many people are watching this and the rise on the permits could be swift and big. There will be a rush to buy.
My advice is hold. We will be drilling soon and with a high COS I feel the share price will be a lot higher than today.