Facts18 Jul 2017 10:19
As mentioned they have skin in the game... after all costs and restructuring 84 USD in bank.. costs to run this company lets say 2 USD per year.. in 2 years we are gong to receive 40 USD if no drilling has taken place.. so Cash alone its 100 USD in cash.. this equates to 24 p.. FID will happen and we receive 25 USD.... Bonomo and ETINDE are valued at below zero.. so worth less. COC are not fools, they see what we all see value, even if it takes 3 more years.
The MM have moved this down on no volume, which shows they are hoping to find some stops and pain thresholds for holders.. It may go down to 20p, but the long game is the play, I still stand at 56p will be the close out price.