I don't have a clue, but my thoughts: If it was a duster and insiders sold and the price tanked before the market got a chance to be told by RNS first, then there would be up-roar and perhaps investigations into insider trading. On the other hand, if the SP started to rise because of insider buying ...

Hey Don, I'm not holding myself. Like I said, could be worth a small punt with low stakes going on the 'seal' route but it's still so risky. My main concern is that I think the BOD will look to raise cash at these levels to protect the company going forward. I think they would have liked to have had...

Anyone holding through this announcement?

Could be worth a little gamble from here for the next target. But small stakes!

Well, as expected from myself anyways, SP is down on spud announcement. It will be interesting to see how it all plays out over the next few weeks. It's certain imho that they will look to raise funds again over the next couple of weeks. They have enough cash for this drill but they will need to be ...

Excellent. What's your plan Don? I'm expecting a pump of some sorts over the next few days and weeks followed by a raising of cash to secure the company in case of a duster. I think it's a given (much like RMP did) as it's high risk off-shore which is more $$$ than onshore for the next drill. SP has...

I think we're going to see a nice run here very soon!

Hey Don,
Not think it would be better to wait until next week after the placement stock has been turned?

Overthebridge wrote: > Noodles > Only way these si will be able to sell is create a vol pump this mate. > There could be more cash raised but in the mid 20s imo These guys are already in big profit. They paid 16c for the stock when the SP had run up to 23c and this before they handed over their cash...

Not too sure you timed your entry well Broxy.

25m shares are due to be issued to sophisticated investors in OZ on Monday.
The selling over the past couple of days has been retail selling in expectation of the SI's dumping their placement stock which they got at 16c.

SP in oz 25c close today