RE: Blue but confusing12 Apr 2018 14:42
I think that, fundamentally, it's undervalued by about 50% on what we know to date.
The market hates uncertainty though and we have double-digit tenures where the company know roughly what's there, the investors know roughly what's there but the market won't believe it until the drill proves it.
And Ghana, where we are currently four months (and counting) late to begin drilling.
Delays happen all the time in this field and are quite understandable, but the absence of any information gives the MM's the opportunity to drag the price down and make some money.
It's still a bullish formation and one day will close above the 28p breakout line.
Keep the faith :)
ATG