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****** = bullocks
Yep, not forgotten, earache. Hope all well at your end, too. Here, looking forward to all this Covid ****** ending soon - can't come soon enough.
This morning, couldn't resist a small bite at this. One of my main concerns was the conventional business and the weakening gas price and Turkish Lira. Never expected them to sell. Solves the problem.
Still concerned with the swollen, even 'obese', BoD - they could lose half their number and not notice, and thus they could easily gorge themselves on most of the incoming funds.
Too, not sure the company has the skills to get a good M&A bargain? There will be plenty of sharp competitors out there too. Perhaps they would do well to merge with another entity so as to have even more purchasing power? - but career rivalries will probably put a stop to such moves?
Looks possible that we might have some news on farm-out in Q1; and M&A in Q2/3. I think those are the timescales we are looking at now.
No funds currently as my main shares are at their lows, and many opportunities I'd like to pick up. But when my money comes in, I hope to pick up a few more here if still cheap.
Ah yes "King of Mining" sure he knows how to make a bob or 2.
Be interesting to listen to the conference call at 4pm.
Least we know who the seller is ;)
Am I missing something ??
Debt free. Cash @ 40p. Looking for Farm out partner for possible 20Tcfg play. And potential future acquisitions?
Is there a seller about?
Anyone been here long term that can put a dampener on my optimism?
Good to see SP finally firmly on the move
Bought in in a few tranches this morning.
Stellar mandated to bring in a farm down partner to carry them on the tight gas play. Miles to go before any modicum of fair value.
Rough calculation: this share now worth 40p in cash + 20tcf potential asset.
However, still top-heavy in management?
(And now will have little income to meet G&A?)
And do you think SG and team will spend the money wisely?
But clearly undervalued on any metric.
I can see it being taken out?
So year high 80p. Might we reach 50p on this news. £15M cash and £30M in bank that = 45M cash
I've been holding for a year or so now and well down still from back then, like 80% down!
15M cash and Royalties, amazing and no dilution for a long time now
Nice surprise for you this morning, Earache.
Well done for holding.