Lots of emotion around the stock. I bought in at 0.007 and I have a sinking feeling as have been in and out of the stock a couple of times and its history is not great. Hoping that the dilution will not be at a big discount to current price. Could live with a material placement at 0.006 but not at 0.005 as we could see 0.004.
Given that they are saying a material placement it may indicate that there is one purchaser who would be privy to a lot more information concerning the current wells than we probably are and it is good sign of they stump up a reasonable amount.
Fingers crossed at this stage!
AKK Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held