Absent of any third party tangible valuation i.e. a take over offer etc then shares are only going to be what the market currently believes they're worth taking into consideration what is known, not known etc.
Expectation is absolutely key too which is why prices always rise in anticipation of news to the point where expectation usually exceeds resulting reality which is why you see spikes and retraces.
The GSA being signed off is fast becoming a formality, albeit some resulting wavering, and therefore I think there will only likely be a small spike, if any, once it's signed but as the SP seems static it tells me that either the market has already priced in a signed GSA or it doesn't believe it's coming just let.
Let's just watch this space and see what unfolds over the summer.
It reached around 1.2p last Nov with HH news. A GSA gives a defined value of the Tanzanian asset so without the MM's doing their best to hold the price down should be much greater than 1.2p. The big oil/gas companies will no doubt be looking at the values to.
Tanzania's current natural gas reserves are at about 55 trillion cubic feet (tcf) following new deep sea discoveries off its southern coast, the country's energy minister said. East Africa is a new hotspot in hydrocarbon exploration after substantial deposits of crude oil were found in Uganda and major gas reserves discovered in Tanzania and Mozambique. "As a result of ongoing exploration activity, natural gas resources discovered in the country rose from 46.5 tcf in June 2014 to 55.08 tcf in April 2015, equivalent to an increase of 18 per cent," George Simbachawene, Tanzania's energy and minerals minister, said in a presentation to parliament on Saturday.
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