Only news will drive the share price and regular news flow keep it up! Otherwise this will continue to be a traders pump and dump share. Without news the share price is worth where it at 0.85 so there needs to be a considerable improvement in PR comms from FRR to push and keep this above 1p let alone get to 10p+! The way FRR work though, i wouldn't be surprised to wake up one morning with an RNS stating part or whole of B12 sold to company x for $xxxxxx.
Who knows..we are all in here for the rise, lets hope its soon and sustained and we can all get what we deserve.
though Frr at some point might make it to around £1, I am sure many will not be still in. Unless a extra special rns come out, such as a massive offload by Frr bit further down the line. I am sure for many the sp hitting 10p* would be extra special.
I don't think we will see a £1 per share - remember GOGC have claim to 51% of future Block 12 profits once FRR have recovered their $400 exploration costs. We may see 49p per share though :) I personally still believe GOGC and the Georgians in general are behind a lot of the "sticking points" we are at presently engaged and will be for many years to come - this may provide the answer as to where has the Varang deal gone? They (the Georgians) will want the Block 12 Oil and Gas dream as cheap as possible, nature of the business animal I'm afraid :( This coupled with the amount of shares in issue and future development costs to bring all that Gas and Oil to the surface will drive the "end game" price of FRR's SP? I imagine (and hope) SN and his well qualified team of financial & law experts are working their buts off trying to get the best price for whatever bits or the whole of Block 12 SN will offer up post the CPR(s) :) I'm probably talking a load of old horlicks as I'm not long up and working my way through those character building nights at the mo :( Anyway one thing is for sure that when the market is eventually shocked into realising what exactly FRR is about and just how much they have discovered in Block 12 our SP will be much much higher than it is today :))) Afternoon to all Usual Suspects and hope everyone enjoys a nice cold amber or three over the weekend :) Enjoy. ATVB. VW
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