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88E announcement sometime today. doesnt look to be adding more shares to raise money... theres speculation an outside investor might be getting involved. and Otto Energy next door also have an announcement pending...

44 minutes ago, Leroy Peterson said:

88E announcement sometime today. doesnt look to be adding more shares to raise money... theres speculation an outside investor might be getting involved. and Otto Energy next door also have an announcement pending...

From my brief read it's a share issue to unnamed strategic investors to raise money...dilution on its way IMO. Good for long term operations though - seems like the company will see it's way through til the end with no shortage of investment capital in sight. Could we see 3 cents again in the short term though?

So $11m worth of shares and more options sold to small american company at 0.04c. Good to have money, and at that decent price it doesnt seem to have had an affect on current share prices. But i cant see the share price going anywhere for the rest of the year... Maybe feb-march with drilling of ICE2 and possible results from Great Bear/Otto.

Also, if anyone thinks SAU is a pit of childish adults and school holiday goers, they clearly havent seen Hot Copper. What a joke that place is. Its like old people in a caravan park blowing raspberries at each other.

11 hours ago, Leroy Peterson said:

Also, if anyone doubts SAU is a pit of childish adults and school holiday goers, they clearly haven't seen Hot Copper. What a joke that place is. Its like old people in a caravan park blowing each other.

sorted

indonesian telecoms eh.... 

from the info and announcements ive read on the company, its just people jumping in and jumping out to make a quick $ (which isnt a bad thing, its just even more unpredictable than other shares). Streaming and cloud services for Africa and select random middle-of-nowhere towns... have fun with that.

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