But they are very very high COS (90%+ I think) so we are still well below a realistic SP
but factor in badie, at COS at approx. 30%. That is worth at least another 10p at this stage so we could say we should be about 28-30p with the COS percentage as speculation. If Bad, Laura Neversa SMG and some hidden Gems come in, then I am not sure but I guess well over 100p. I think we could also start putting a value on a management team (IP) they are constantly getting applauded.
I get the impression that Nervesa and Badile news will be next year, but investors can clearly see the potential here. This might not suit short term investors, but if this weekend was successful then maybe we will get some new big investors, maybe even on the scale of Continental. I was interested to note that at the presentations potential investors were given information already in the public domain. They must have asked about the timings of the Nervesa and Badile permits. I am guessing they will have been told the same info as in this interview. Big long term investors should be ok this week. If we get to the end of January and there is another drill program announced, without permits being received the share price could suffer and create a bit of a buying opportunity, IMO. Could have a bit of a credibility problem until these are received if this does happen. But I personally think there will be big news soon, followed by the new upcoming website. I wouldn't be surprised to see Sound Oil starting to expand outside of Italy in the not too distant future. If permits continue at this pace I think Jp, Marco and the team will be chomping at the bit to get into something new, or there is the danger of them all being a bit under employed. If, however, the permits are known to be very close, then maybe that will be the reason for the new website. Either way, I think November could be interesting.
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