Result400bpd not that bad for 1 zone which increase the share price by 5%
It seems we have 2 more zone test. If result are positif on those 2 zones can hope a 10% pop. I expect the stock to settle down to the $1.2-$1.3 zone and then if the 2 main other zone are good we can pop up 10% to around $1.4 at which level the stock price could tay up to the financing 2 months later.
Expect a financing at 5 to 10% discount over the $1.4, so my guess we will raised around 150 to 200 millions millions so another 140 millions shares dilution at $1.3.
Total fully diluted shares after Hong Kong IPO + another 5 millions warrants to the management we should have 420 millions shares filly diluted.
4 times increase of the number of shares outstanding after IPO, 2.5 years ago and stock price divided by more than 2 in the same times.
If Tethys management wants to stop the down trend they need 1) stop fund raising like crazy which dilute massively any positif result., 2) stop wasting the shareholders money in salaries, travel expenses, caviar...., 3) stop postponing test result.... which we have been waiting for more than 1 year and half.
Now we have just to pray the 2 more zone they test are positif otherwise back to $1 and the dilution will be even bigger.
My buy orders are all in between $1-$1.2 at which pric thr risk reward ratio is not bad.
Good luck to all holders
Julien
PS : Darcylaw what do u think about the test result so far ?