The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
At least the Spoton execs have skin in the game in the form of a large shareholding in PVR. If they fail to close the financing, their shares will decline like the rest of us. That's something APEC never had which makes me feel (marginally) more comfortable about this extension.
The rise today and the last few weeks and months is off the back of a recovering market and price of oil, plus the reserves increase in JOG's assets. But the real fun will be when the farmout process begins. Any hint of a farmout and the SP will surely rocket. We're already at a much better base for it to do so from, and yet still a tiny market cap. GLA
Today's market cap is £44m but FY revenue was £50m, the company is (essentially) debt free. Am I missing something? Valuation seems extraordinary for a growth company. Getting marked down for the share price or management's past performance?
at 8p the market cap still only values the company at cash in the bank + pending FID payment. The market is still valuing BLVN's share of the etinde field at next to nothing. Any value attributable to the later should send this skyward
The Govt must have liked what they heard from NewAge and the other partners during those discussions. It doesn't seem likely they'd have granted the authorisation otherwise. This has been materially undervalued for far too long. I recall Eli flagged this as one of the risks in the last company report - so, good to have it out of the way.
What a brilliant recovery from what felt very oversold down to 4p. Especially good result for anyone who managed to top up. We're now back to where we were just before the farmout news - and hopefully there are some real positives ahead in 2021.
By comparison, it looks like LOGP is lagging PVR, and needs to be back up to 1.8-2p to be on a par. The two never quite move in tandem and it's never clear why one moves more quickly than the other, although the slower one usually catches up.