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Let’s take a stab who this party is, id assume Vitol. The fact we are so close to FEED conclusion with a likely increase on many fronts including 40 year project life and projected NPV/IRR is a tell. Bluechip offtake discussions moving forward and a submission to request approval for grant funding 6x the mcap. A board lumping in £350k on market of their own money and a capitalisation of just £5m? You can’t get anymore obvious for a standout buy in terms of risk/reward in my view. This moves very quick as seen today and those short sighted who can’t clearly see the potential returns from a project of this size are likely to miss out. At £5m there is a hell of a lot of upside.
Next RNS will probably be confirmation, in November, of the surface and sub-surface deliverables and cost estimates wok completed, on schedule. Just in time for the Dec 6th investor meeting.
Fully agree. Still find it odd that there are so many sells going through. All. Short term thinkers?
looks like these talks have been going on for months
big news imo as its a blue chip company
and a major showing interest in a 5mcap company shows the potential here imo
i dont think the sp has responded well to be fair as the sp was higher before this LOI
and the bod clearly sees value at current levels as well
A 17% rise is not a good response to such good news. FEED due to be complete, possible Eu funding, LOI signed by blue chip partner. All this and we see a market cap of 6.5m. Something does not match with NPV projections even when one considers only a 20 year project lifespan. IMO the rise should be 170%, not 17%. Maybe we will know more at the December meeting - am thinking of flying in for that one.
Hi Loosegoose - I agree with you its just a matter of time as we get greater exposure hopefully a further break through today unless held back by day traders again.Its a no brainer as a STRONG BUY.
Goose,
I appreciate what you say, I do however believe we will see a sustained rise here which in my opinion is far better than sudden spikes and then drops. I would like to see more press coverage of the project over the coming weeks, small article in today's Mail is good for starters but more is required.
Mr T
All these infrastructure deals really get going when financing is secured. Yesterday's RNS was a mere staging post along the way to that. Still time to accumulate.
I am all for long and sustained rise. Absolutely agree there needs to be more frequent and sustained publicity.