Still complaining and yet sentiment is 'sell' and there was...

Still complaining and yet sentiment is 'sell' and there was every chance to take a big
profit upto 1.8c. Doesn't make sense.
From yesterday's Rat's Rant, a decent summary...
"Some highlights from today's news are listed below:

Completes $5.1m Placement
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• Placement completed at $0.013 per share – a premium to current price of $0.012 per share​
• Very strong demand and heavily oversubscribed​
• Now fully capitalised for ongoing operations at 100%-owned 21,500-acre Pathfinder Field:
  o Drilling and completing Vespucci well
  o Updating Pathfinder Field’s Reserves & Resources
  o Undertaking a 3D seismic survey over 1173 acres (4.75 sq. kms/ 1.83 sq. miles)
  o Progress gas offtake and sales strategy
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• Mobilising to Vespucci well mid-April – Schlumberger deploying enhanced technology
  
  
  Fremont Petroleum Corporation Ltd advises that it has completed a two-tranche Placement through the issue of 395,171,998 new fully paid ordinary shares to sophisticated and professional investors at $0.013 per share to raise AUD$5.1 million before costs.
  
  
  Bell Potter Securities Limited acted as lead Manager to the Placement.
  
  
  Funds will be used to advance the development of the Company’s 100% owned, 21,500-acre Pathfinder property in Colorado with significant activity planned in the next quarter including:
  
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• Finalising drilling and undertaking completion works on the Amerigo Vespucci vertical well, again in collaboration with Schlumberger;​
• Undertaking a 3D seismic survey over 4.75 square kilometres (1173acres/1.83 sq. miles) of the Pathfinder Field to assess new production zones;​
• Funding an updated Reserve & Resources report to factor in new production realised from the recently drilled J.W. Powell well and the Amerigo Vespucci well;​
• Progress the Company’s gas sales strategy including pre-construction works on gas gathering and pipeline build planning.
  
  
  Comment
  
  
  Fremont’s Executive Director Tim Hart said: “Fremont now has the financial flexibility to add significant value in the short term. We expect to be back on location at the Amerigo Vespucci well around mid-April and we are again collaborating with Schlumberger on an enhanced fracture stimulation and completion program that will be further enhanced from the J.W. Powell program.
  
  Further value will also be added through completion of new 3D seismic over a new area at Pathfinder, and through the publishing of an updated Reserves & Resources report which is likely to show an increase in the field’s oil and gas resources.
  
  
  “We are also in advanced stages of securing binding gas offtake agreements and we will now fast-track development of our gas sales strategy including financing, engineering and infrastructure build. This is a major value catalyst for FPL as it will monetise Pathfinder’s huge gas resources and complement existing oil sales. Lots of value is set to be realised in the near term.”
  ​