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Looks like 3p maybe broken today.
As we get closer to spud the SP will just keep climbing.
As news gets out about the massive reward here with a 95% COS the skys the limit.
Anything under £100mil MC is cheap.
There are 2 things which will give us momentum to 4p. Trust me 4p isn't a million miles away, the previous high was 3.4
1. Rig contract
2. Announcement of another buy in / another deal which will probably be after September
On spud maybe 5p.
Theres alot more in this stock in the short term. I'll be pyramiding in as it goes up
maybe not today but it will get there buddy. L2 data showing alot of congestion at high 2.9's , need an rns to push it through
3.0 finish please
We just need a 2nd Acquisition and this will blow wide open.. imo
At some point you will realise the SP is being tightly controlled..
at some point the sellers will work it out
The volume here has been significant for weeks/months now.
The placing shares must be all flipped by now
I think this will just keep going up and up now with small retraces.
Still seems very much under the radar.
When PI's see the full potential this is going to explode.
She's gonna blow.............
'... further potential acquisitions...' Exactly. I was just about to post that. This strikes me as a quality BOD setting about building a quality mid tier producer and we are in at the ground level.
5p looks too low IMO. NPV10 for this project is 12p per share and COS is over 95%. We are currently not much over cash per share at the current SP.
and will continue to do so until spud... by then I think 4.5/5p is pretty easily achieved given the upside case on a success and 95% COS!