just a few positives. 1) most of these shares are held by ii's so not that great number are in pi's hands so any future demand for shares may push price up. 2) cash in bank is now not far off market cap. 3) any farm in agreements or drilling confirmation will surely see share price head up a bit. 4) PVR own a significant percentage of their assets so any farm in agreement would still leave them with a large portion of any assets. 5) all the other oil majors now interested in this area. I do not… Read More
Agreed, melody were paid in cash and stock so they can sell the shares for whatever they like and it's a return. Only circa 10mil shares and once finished it's game time because II'a made a choice to buy in at 12p as an investment,not a payment for services so from that level I expect a big gain, anything below the 12p is an absolute bargain in my eyes
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