Good morning all, obviously good volume here for the last few days. What I am confused about is who all the sellers are? within a certain time period the fast money and the overhang must be cleared. Any ideas anyone - is this still overhang from issuance?
Vix needs to start dropping for things to normalise, which is will.
Given the BoA deal is done and there is now a clear runway to spud, this has to look better value. I have bought some more this morning.
I agree with Brombarb, Wall is a class guy, met him a few times. Anyone in this stock should be prepared for periods of no news, where the stock drifts lower.
Typically price weakness. With this stock, no news means bleed down (never up). Only when this breaks .45-.50 down will I get concerned.
Got to think downside on SP here is .35 as a floor. So risk/return should look good. Having said that those of us from Tangiers days would only put a floor at zero. Stock needs positive news on rig and prospect.
MRJ - i can currently buy at .001825 - use IWEB.
Wow, this reminds me of 88energy (tangiers petroleum). This news should have sent this stock higher. They will need to finance further work, and the current and future dilution is not good for SP, but to see no SP increase after this news is pretty damning.
The problem with these AIM stocks is the MM and the very weak holders. If this closed at .0018 and then you have the news, market price should gravitate to .004