Ann: Trading Halt, page-44

Originally posted by docmin24

The company had a very significant shortfall at 1.8c. Not many took them up. I took up a heap along with many on this forummand now people are complaining, seriously where else will the shortfall placement going to go. Dave clearly stated that the company had 3 months to fill this placement at 1.8c. Or Not. Well he's done it. Something is happening to do it so early. No secret here guys. Obviously a bigger picture is going on than any of us know at the minute.

I know in the past we suck big time with our placements of timing, but this time company consistently says increase and increase of reserves and farmin before Dec. This really doesn't effect us at this stage as we are not drilling. It's basically housekeeping while we move towards significant news imo. Not a big issue really guys.

I am not bothered that it's happening now, better than in 1-2 months time prior to farmin news or when Winx is drilling, that would really kill momentum and P me off big time..

Once this placement is done next week we can all move on and focus with what is important, that's drilling and who our farmin is etc... Bonus more cash in bank. Who knows maybe with this cash and increase of Yukon maybe this has something to do with it and maybe another 3 party drill to keep me happy lol, by drilling Yukon after Winx in 2019. Personally I want more than 1 well in 2019. Just don't like stagnating.

Seriously one day of SP moving up and now the sky is falling in, mmmm!!!!!. Some who are complaining should have bought at 1.8c there was sheet loads on offer. Can't have it both ways in life people. Focus outside the square and look at the big picture of why they are doing it now. Hopefully next week we might all know and even be surprised.

Don't stress the small stuff, focus on where we could be in 3-4 months time hopefully above 5-6c and as Older said maybe a Tier 1 drilling my ugly duckling IW2 which may turn into a soaring eagle with the likes of the biggest oil/gas technical brains bought in to drill and if success then bugger 1.8c or 2.4c in todays events, we are over the resistance of 10+c easily. 

We will have just diluted yet again if the placement goes through, at this rate of continued dilution, and giving us loyal share holders continued disillusion we will be lucky if anyone wants to farm in.

 

If a farmin partner was seriously reviewing us they could have bought up big at 1.8 and put themselves in the driving seat but they didn't!. So thinking a tier 1 or 2 is going to magically come along and save the day is nothing short of fantasy. Personally as soon as they hit 4c and it's a big if i'll be getting the hell out of them.

 

We are working in Frontier land and it seems to me we have some very good cowboys steering our horse.

 

 If a farm in partner is serious about us, they will not care much about the $10M we are trying to raise by placing the remaining 500M shares....or maybe they will want to buy the remaining placement so they are locked in at 1.8c when the SP is currently higher than this???  Might be a good opportunity for a farm in partner to start in the green already??  I doubt this though as I'm sure it will be gone before the deal is done.

 

A farm in partner should only care about our resources, our land, our data .....10M would be nothing to a tier 1 to care about.

 

I hope you get your 4c soon, possibly in next 4 months, and it is good to hear you have an exit strategy.

You are right, we do have some very good cowboys steering our horse!

Happy investing!!