You might be right but with a 0.25 spread I need 3 to make it worth it. My outlook - Farm out to INEOS to help fund the pilot plant after the environment impact study is published, that's at least 5 months away. I doubt we will see any takers for the North sea licences given the current market, worth having in the back pocket for now though.
3p buy,good luck with that, 3.25 is more realistic ! If your right will top up myself.
I can't see much news coming in the near future (please tell me if I'm wrong?), I've set a buy at 3p as I think it will be tested until funding approved or farm IMO. Still have a lot of time for this lot - I hope they surprise me!
RE: Mr Nunn
Agreed wordog, his previous at Dart Energy makes him a perfect fit for clnr and his youth.A good move .
Hasn't been with us long, Algy must like him.
8 Dec '14
Point of Ayr report from PI
Snippet taken from Today,s ProactiveInvestors reColin Smith, analyst at Panmure Gordon, said today’s report and a preceding study of the Kincardine licence confirm the scale of potential held by CNR. He adds that a planning application for a pilot scale demonstration plant would signal progress towards commercialisation and would be a key value trigger. The analyst’s 13p price target is some 160% higher than the current price of 4.88p, and Smith reckons demonstration of a viable UCG operation will help close the gap. “We believe there is scope for substantial outperformance on any signs of real progress toward a demonstration project, which we believe would itself be taken as a potentially significant de-risking of this business opportunity,” Smith said in a note.port
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