Midnight OilLet's see. The company releases the new resource report which indicates a huge "260%" increase!
Lots of hype on this board, but sp waffles around, a few cents up and then starts to fall back. No one seems overly excited about this new report?
Company needs big cash for next step, the drilling of a well which is not too deep but potentially a driller's nightmare and a very big money pit a la WZR.
Large chunk of warrants due to expire in July. The timing is slightly after the money is needed and probably before the possibility of any real exciting news.
This will be an interesting 3 months leading up to the well. And that is why these guys get the big bucks (if you haven't noticed). The candles must be burning late at the lfd offices.
We shall see what comes out of the genie bottle?