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Some good volume today and a nice push into close.
Hopefully it continues next week.
Nice to have a quieter board.
FOMO
Could it be a matter of 'don't want to be out over the weekend'. People will wanted to put big money in as they know what is coming very soon.
thanks for posting the link willec!
Also hoping LK may be able to bring in some big hitter investors with his contacts. After he and the team take their fill of course ;)
Breaking down the Finncap Nav chart with a target price of 14p
Core asset Trinidad 4.9 - The spt tax is still holding this back, water flood is continuing, CO2 not started yet but not effected by spt
Contingent value for Trinidad 2.4
Contingent value for Suriname 3.5
CV is like a real estate evaluation amongst other things, will only come about if we sell
Saffron risked 2.9 - stable flow rates and confirmed reserves report are needed
For me, to get to 14p we need an increase in assets at Saffron and Clove, stable highish flow rates, the water flood to start working, CO2 trials to be a success and Suriname flow rates and asset increase.
Anything higher will need one of the large targets to be drilled or farm in, 30p then would not be unreasonable in my opinion.
Next year should see a strong solid growth with more and more activities coming on line. The timelines look as though they may get put back a little with all the extra work at Saffron
ATB:))
Short term problem is our cornerstone investor who has become a millstone. Threat of the overhang (uncertainty) causing a very slow burn. Any form of clarity/good news on any front to increase the volume will see us back on the launch pad.
LK got this one , results after Boris bounce bodes well ,
This well will be a winner , yesterday's rns endorsing it's going to produce for me ,
The big thing is future drills this will fund ,
Nice to see it covered by more than vsa capital. I'm waiting with interest for next few things
1. Revised timetable for release of flow results from well
2. Director buy in
3. Co2 EOR
400% sounds nice but it'll be a while, thanks willec for the link.
I'd also like to say nice seeing a lot of fresh/old posters on the board something better to read now
Momentum will pick up now....up...up...UP..
Nice double that then.
https://markets.ft.com/data/equities/tearsheet/forecasts?s=CERP:LSE
Low: 14p
Medium: 17.80p
High: 21.60p
Forecast from the Financial Times
https://markets.ft.com/data/equities/tearsheet/forecasts?s=CERP:LSE