Is it safe to come out yet?......Think there may be a few regret selling at this level in the days to come,but we all have choices to make......anyway hope a few of peoples worries will be laid to rest over the coming days.......mine included I'm up to my neck in this now.....:-)
let's not forget this new company will need to support 5 billion shares!!!! even 20,000 bopd would not be sufficient with that amount of shares in issue, to date both companies have been unable to prove even 2,000... this is worse than jam tomorrow. there is no jam.
Exactly. As I said earlier we need more info to have a better idea and form a justifiable opinion either way, at the moment it's just general ranting and raving for the most part. Just one example amongst other things being the platinum asset of IOP's NKWE were looking to buy for around $50m. Let's just say they flogged it for half that as a quick sale - $25m would be a handy amount of cash to add to the pot for developing operations...
I am with you on this, the mention of yet more dilution boils my blood, but, only in the sense that the right deal and the right dilution would be the right move for range, and conversely, the wrong deal is going to have the opposite effect .. like you say, more detail required ..
Sorry, my response was flippant, but my belief is lots of both. I suppose the knee jerk response is fear of further dilution. It is interesting that many posters here, far more intelligent and experienced than me, can draw such opposing conclusions from the same basic set of information. The only logical conclusion is that the information backing these conclusions is woefully incomplete. As more information is released and digested the picture will become clearer. At the moment I believe the sp reflects wild speculation and has little to do with the true value of the company.
From IOP last RNS, so they the wells are complete and once the pipeline completed then thats where the increased production will kick off, inthe meantime over to TT where we know that is a baglog of news to come, throw in some JVP's for the African assets and the upside is ihuge, just need the news flow to begin and TT to start firing on all cylinders
"Following the planned completion of 16 km of pipeline during Q4 2013 / Q1 2014, an additional 10 wells are proposed to be put into production, which are projected to increase production by a further 4,000 bopd. An additional 20 well targets have been mapped, providing excellent potential to further increase production."
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