Member Info for ALGU

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?

Price rising nicely off the back of the last news. Just think what might happen to the SP if there's a whiff of a farmout coming

oil price crash, an ousted board, hedge fund activism, slow business partners, you name it. The result the market cap went way below the NAV of the company. But it looks like there's light at the end of the tunnel

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

Feels like it could be another good day. We are basically back to pre-covid levels now but with the positive news from earlier this week, so double figures may be possible in the next few days

The bid is catching up with the offer too, 'only' 15% now. The last few months it has been +30% at times

I agree. Maybe no 'formal' engagement with third parties yet but JOG will be keeping their ear to the ground, no doubt speaking to investment banks too who can put the feelers out

What’s more, this is hopefully just the start

The bid-offer has moved to 5-6.5p now. Rerate coming? Long overdue

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.

Looks like this is heading back to 3p on no news. A carbon copy of the SP spike and retrace in June'20.

Good fundamentals and good corresponding share price rise today. Think what it will do if a divi is reinstated in due course

WOSG keeps on delivering. It took a few attempts to get past 600p but now that's history. Next stop +700p?

Playing catch up with PVR now!

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.

Slight reduction in their holding, but as the SP has had a great run it's not such a surprise

Nicely done DT. I was in two minds myself. Roll on 650!

600p was my target too. Top sliced a bit but happy to let the rest run. Hopefully we will get some good December figures in due course.