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Agreed from this mcap we could repeat the RRE exponential return if holding medium term. For newcomers find here the link to the latest research by the corporate brokers Optiva and Tennyson https://www.advanceplc.com/investor-relations/research-notes/ These are based on Buffalo alone so future deals will lead to a target price increase
Great interview last week with CEO- given me the confidence to increase my holding substantially this morning
Had to pay 3.68p but am very happy to hold and reap the rewards
As mentioned before this is a clone of Andrew Austin’s philosophy- I love it GLA
sharetime, relax,you'll be glad you bought in soon. at these levels this is still an unbelievable investment!
It's actually on this site, told them already that shs in issue and mcap are wrong and will tell them again. The good thing is that even £37mio is incredibly low when success in Buiffalo alone will deliver almost $300mio cash to ADV.
For goodness sake don't use LSE for the fundamentals, they are miles out. They have the number of shares in issue drastically wrong as well.
Where on earth did you get the figure of 4m for the mkt cap it's about 37m!
Where did you get that figure? LOL
@JEZZAC.. For your info I did add at just over 3p and already had a big holding, so your wasting your breath. The point is not about my holding or anyone else's, but how the market ignores great fundamentals and news flow for months but rockets on a DM article.
@JEZZAC.. For your info I did add at just over 3p and already had a big holding, so your wasting your breath. The point is not about my holding or anyone else's, but how the market ignores great fundamentals and news flow for months but rockets on a DM article.
@Phoebus not being funny but what a tool, price goes up 18% and you are now whining you couldn't top up...jeez
@Phoebus.. You've had 3 months to add and only last week you couldve added at 3p. No point crying about it now.
As my Scottish mate used to say " You may as well go fling sh**e at the moon" :-) :-)
Im sure you will get more chances to add a few more mate and little moves like this will be forgotten if we get the results we want after Spud..
amin0406 filtered.
simple,.....you should have bought earlier if you wanted to top up
Jezzac, that's not the point. Lots of us already have chunky holdings, but it would have been nice to at least have the option to add a bit on the way up. SP has been sideways for nearly three months and was almost at the bottom of its range on Friday despite excellent fundamentals. One DM article and with no change in fundamentals the SP pretty much gaps to a new ATH locking us long-termers out. Great to see my holding explode in value though. At least it wasn't a Midas article or it would have been above NAV per share to get in. :p
Jezzac, that's not the point. Lots of us already have chunky holdings, but it would have been nice to at least have the option to add a bit on the way up. SP has been sideways for nearly three months and was almost at the bottom of its range on Friday despite excellent fundamentals. One DM article and with no change in fundamentals the SP pretty much gaps to a new ATH locking us long-termers out. Great to see my holding explode in value though. At least it wasn't a Midas article or it would have been above NAV per share to get in. :p
Looks like some had sold out and were looking to buy back in cheaper and now the DM has scuppered their plans.. lolol
Would have been a much better price if DM hadn't chimed in though. Leaves a very bad taste after going sideways for two and a half months.
Good thing it was hard to buy with all the selling now.
Better entry point now though.
Not usually a good idea to buy in the first half an hour of trading.
I guess it’s easy to get carried away but I will be delighted if it just closes 3.65p+
Rocketing already this morning!
3.9 to buy, could see 4p smashed today
Some good exposure the weekend. I expect we will see a strong start
The competent persons (independent) report provides the following regarding the likely success of finding oil (95%) and this then becoming a producing field (86%).
'Appraisal well results will provide an update to the most likely resource volume and is expected to narrow the 1C to 3C range.
Development is economic with current 1C, 2C and 3C resources. Development is expected to proceed after appraisal provided the appraisal outcome is not worse than 1C (~95%), acceptable commercial arrangements can be secured with facility (FPSO, MOPU, FSO) owners (95%) and the joint venture partners can secure development funding (95%). RISC estimate the probability of development to be 86% (95%x95%x95%).'
https://www.advanceplc.com/media/1092/risc-cpr-buffalo-23mar2021b.pdf
The company have a simple but effective strategy (we know it is effective because they secured Buffalo).
They will not be the operator of any fields.
They are not explorers.
They are only interested in discoveries in the Eastern Hemisphere excluding Russia, Iran, China.
They look to JV's with only one other partner involved (the operator).
They are not looking at small or difficult discoveries (Buffalo 20,000bopd net to ADV) and they want quick results to provide cashflow so they don't have to keep raising funds.
Anyone who has invested in explorers should find this company a little less stressful with its incredibly high chance of success and a management team that have stated they are set on not bleeding out shareholders through continual equity raises.
Latest interview with our CEO for newcomers https://m.youtube.com/watch?v=UZh1gj_Kj5I&feature=youtu.be
Makes you wonder if that late £97k trade late on friday was a buy..