RNS. No drill in near to mid term unless due to no farm in, 40 dollar. Break even so IMHO why invest 1.4 bill capex for a pathetic 8 dollar or so profit. 60 dollar oil and then they are back in the game. Still, nice capital restraint, steady technical work.
Like you a Wraith I'm a long time holder with a long position. I have always budgeted around 10 years as a pay off on my investment and I don't see any reason to doubt this. Once output slows down and demand increases there will be a renewed focus on the Falklands. And we are primed to hit the deck running. ATB holders
Is someone building a stake here? Looking at the trades more buys than sells.. Apologies for my negativity. I did wonder about a bid from RKH a stock I used to own. Let's see the interims. And how much money in the bank
I do recall your condi lead comment,... with a Market Cap £8.71m approx, I'm a buyer & hold here, taking a long view (Years), my last buy was at firstname.lastname@example.org, back end of August, ( if we go lower I buy more,.... if we stay the same I buy more,... if we go higher I buy more), not interested in the s/p Bid whilst bouncing along the bottom.
with due respect (cough cough) i did post on here many many months ago - where in the world had there ever been a condi lead project anywhere in the world. i got no answers..wonder why?
still the cash at bank would be fine to keep the lights on until it is not a lead project.... if only the G&A was far lower... still with the current Mcap, i guess you have to pay for talent to run such a large co.
Well, it seems they have done a better job than fogl or gkp who over spent and bankrupte bankrupte companies. What can you suggest the BOD do, w and wai for crude to recover or or farm in partner to come along...if they ever do?
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