Cheers, gone in there at a conservative £350 per point, targeting £3500 profit, NIPT doing well for me and still time to get in MIRA (P/E around 4 currently so super low), £3k a point on RMP hence big decision for me if we get to 6p with Georgia as that translates to £9k profit...or do I hold for an acquisition and the big bucks that should follow on share price rise.....I might close half of it and leave £1500 a point.....more sensible
if news first in RMP, will definately top up LEN. if news in LEN first, then will definately top up RMP. lets see which one first lol
per RNS today: 4. CASH AND BANK BALANCES At the end of the reporting period, the cash and bank balances of the Group denominated in US Dollars ("USD") amounted to USD28,344,857. The rest of the amount which totals USD511,068 is denominated in Hong Kong Dollars and Renminbi.
Thanks Jeffry - i'll take a look - if I remember rightly your the chap who I share near identical portfolios with! lol....
Oil riches - same bloke who said we'd sold Georgia also claimed we were waiting for Georgia money to buy/farm in to UK asset. IGIndex for spread betting Oily...a dangerous game that has taken me 7 years to become average at, but best of all is its TAX FREE on profits....
All - I will be absolutely amazed if Somalia deal comes off within 12 months..
true but i believe they already have farm out partner who will agree to sign agreement once the licence issue is confirmed by somalia federal.
thats to say, potentially HRN will farm down to say, BP, and BP will also pay much higher portion of cost for the well. so the farm out will be good not only to HRN who then doesnt need to raise money now, but also for RMP who will end up either paying lower cost for the first one week or even doesnt have to pay any cost.
HRN wont be able to raise money at their current sp imhp, too loo. so, farm out will get them the money
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