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I constantly have to remind myself that this is a long term hold for me. I think true value will only be realised once Ascendant has exercised their full earn in and eventually take this into production and we have a free carry. In the meantime we have to just suck up the ebb and flow of the 10%ers. Anyway, new ISA season is approaching...
vexed. A company like RMP of Puntland fame has a m/cap of £23mil purely on anticipation of the Alaska drill, after Bandy was sitting on his hands for years not getting anything done. We're actually producing and have a number of assets. I mean it's great for anyone that's made some cash recently in RMP, but FFS come on, we should be well north of here. Rant over, bring on IP.
So what's the status of the first earn in payment? The first $250k was due within 6 months of transaction closing. If we assume the transaction closed on 1 August 2018 (when it was announced by Ascendant) then the first payment should have been made before 1 Feb 2019. Am I missing something?
..just changing the thread;)
We're moving rapidly on relatively low volume. Provided the 10%ers don't screw us over, we should hopefully see a big move here.
rich yet?
Bollis are pinching on the daily. Expect a big FY move coming soon. Wish I had more cash.
Price has held up remarkably well since the 82% rise since 28 December, holding above the 23% Fib retracement. Apart from the few 50k sells, it seems holders are sitting tight now.
https://invst.ly/9-fxo
Last year the NAV update was on 20 Feb, so expect it will come around a similar time this year.
Perhaps the delay in the resource update is because it takes time to add many zeros. I wonder if we'll also see news on their next steps. If I recall, the technical report recommended another 4 drills, but I'll have to confirm. Anyway, it's ever increasing!
My brain hurts....too many zeros for a Monday morning!