re: Ann: Quarterly Report for the Quarter End... Hi All,
We all need to be patient. This is a 50c stock. I think the whole rights issue which wasn't underwritten makes sense to me now.
They issued the rights when the stock was at 14c-15c and I think the Directors new there was going to be a shortfall.
I think they did this to get the remainding 40% of shortfall in rights issue before the release the news on commercialisation of well.
They are setting themselves up before the BIG news you watch. Pay attention to who takes the shortfall that will be the EYE opener I think?
Anythoughts?
Ann: Quarterly Report for the Quarter Ended 30th , page-6
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