Post by
wallpaper2 on Oct 25, 2022 11:45pm
FWIW
It will be interesting to see how quickly they run the share price back up and what the appraisal well results are. I still believe the appraisal well was completed weeks ago. You don't announce the spud timeline and then say they didn't have a drilling contractor in place or a contract signed with starting dates.
If the results are bad then that may explain why the share price plummeted so quickly from $1.10 to the .50 cent range. If the results are good then who is benefiting from cancelling the .90 cent pp and replacing it with a .66 cent pp with full transferable warrants and over allotments being handed out?
Did Bruce Campbell say the company would be drilling the "appraisal well" next or just "another well" soon [4th - 5th?]
Comment by
wallpaper2 on Oct 26, 2022 12:28am
We know the results from the last well. The price dropped significantly, 50% approx. There is no appraisal well? There is no reason for the price to shoot back up if there are no further results. Unless material news is being withheld, manipulation occurs, the recession is cancelled or Putin rebuilds the Ukraine.