re: Ann: SER: Letter to Shareholders - The Mo... That is not much activity.
Lind only got issued 100K in shares recently.
They slowly dump them and make a 10% profit.
So when 10 million shares are gone the cheap funding disappears and goes up to next level.
I am confident Gippsland is good. But overall the market cap for the assets we have is cheap. I think the market might be waiting for a bit more certainty on whats happenning with the Derby block. Even with that frustration the market price is a crazy.
At these prices 20 million shares turnover is nothing.
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