I think a market cap of about 12 million before results start to be announced is reasonable.
Not a lot of shares on issue and if we start to get them 1 2 or more million unit buyers the stock price could be over 4 cents in a short time.
A little of them spp shares are being sold at the moment,but I would expect that most of them spp buyers were only averaging down from much higher prices,so not much to gain if you sell your spp shares only to average back up.
Ann: Fraser Range Drilling Commences , page-16
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