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Once SSS's started fetching +$5k and thrashed by P platers. Not really worth it now... Great cars, best reserved for people who will look after them blah blah blah buy my triumph, rolling restoration etcetc

Trading halt

Capital raising

People often don't like these but I take them as a good sign that they want to further operations depending what the funds are needed for

It depends on who the capital raise is targeted towards and what they want the money for

If it's a raise to everyday investors, they usually do it at discount to current price which eventually sends the price down to the discounted price, then it slowly recovers.

If it's a raise to institutional investors that they've already completed, it will have little effect on the share because the broader market can't purchase shares for cheaper

Our best case scenario is that they have some awesome news regarding the well and need to capital raise to fund processes for it - given the recent ramp up from 1.8 cents after they closed the well, plus the timing of this capital raising so close to the date of expected news / well reopening, this is a possibility. Though I think they would announce to market if the well had been reopened and work recommended (unless they already did and I've forgotten). Our worst case scenario is that they capital raise to everyday investors at discount and don't give particularly good reasons for it - then we drop probably a cent?

Pretty much. Don't regret - this shit bites people just as hard or harder when they sell out and news sends it rocketing - however rare that may be for 88E news. If there's ever a big one, it will open about 400% up and the saps will be those who cashed out the day before.

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