Last 4 hole announcementsI hope the news is better for the share price this time around than the last 2 announcements. here is what the stock has done since the first hole was reported. before the first hole stock was trading at about 56 cents then jumped to $1.14 on the news. second hole the stock was trading at about $2.17 and jumped to $3.18 on the news and continued climbing for a few days to a high of $3.85. third announcement stock was at about $2.88 and dropped to $2.80 on the announcement and dropped fast the next few days down to a low of $2.03. 4th and last announcement stock was at about $3.05 and stayed at $3.05 after the announcement and in about 5 days it had dropped to a low of $2.28.
Nice stock moves on the first 2 announcements but poor performance on the second 2. After the second announcement they called the warrants and issued (not sure exactly) about 15 million more shares. I do not know if the price drop after the last 2 announcements was because the holes were not world class or that there was now a lot of stock looking to sell into news. I hope the next round of news brings in some big institutional players!