The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Will slice 50% at at a £50M mcap at 0.2p and hold the rest
Great article, I feel a break of 0.08 can't be far off now.
Not wrong Santiago but the share price consolidation is good and showing its strength with just a 1-2% dip. The price is well supported here and the lower it goes the more buyers that will be attracted to the price taking it up.
Parternship announcement on the cards at any moment and BOIL at 0.06-0.07p with good cash, competent management, delivering significiantly under budget and with the support of the Gov now is a very compelling buy for me personally.
The company has a track record of big moves up from the level as the value of Chuditch is expected to be significantly higher when you make comparisons to peers.
"The Board's priority remains to progress and realise the value in the Chuditch project in Timor-Leste, where we continue to prepare to drill the key appraisal well in parallel with discussions with potential funding partners."
Now we look forward to announcement on this. It should be very juicy.
A new and strong management team has been built in literally less than 2 months. Butler not peeing about!
Santiago, incorrect, this has been a nice and steady climb out of the placing price over 4-6 weeks with healthy consolidation along the way before the next leg up. Rather than a sharp daily spike. This is excellent for as a higher platform is formed before moving up and 0.06 to 0.07 has now established itself.
Of course it's always possible we see some killer news this week and we see a 50-100% day.
With Captain Butler steering the ship we slowly see a move to a sane value for the company in the region of 1-2p a share.
Little stock remaining at these levels :)
I note Upland Resources have announced a farm in JV in the works.
Their sitting market value £48-55million.
BOIL is at £14-16million with half of that the company has in cash right now.
I envision a good day today as this trends up from lows.
A long way to climb.
Some prices to think about as we begin the new week with BOIL!
Meadow have a lovely weekend!
Once discussions advance to a certain stage we'd get a name drop in an RNS. This could be soon given Butler keeps making the point that discussions are advancing well and gives of an aura of confidence regarding the matter.
Recording of the presentation would be superb
Great turnaround in a short space of time.
The trend is up
Presentation today by Andy Butler https://twitter.com/BaronOilplc/status/1781243264642793490
David that's deramp as 500% takes this to 0.39p from here but the fair current value given by the broker note states 0.52 and we know this is based upon the present and not future value of the asset.
Hi Meadow I first appears at 0.05 and now the share price is up 30% from there which is great. But more importantly this is all down to the new management and progress being made. With the next steps sounding very promising.
It's good to see the share price consolidate well up here before the next leg up and march back over 0.1p.
I note available stock is very limited at 0.07 which is interesting.
Possibilities given the high demand for shares right now.
Seeing the mcap to cash disparity along with the potential for significant gold and lithium finds and JV with multi billion dollar company and project adjacent to another multi billion dollar companies. Might be one of the best unloved but highest potential return shares on AIM from here.
Nothing guaranteed but given the evidence presented and move by liontown I am liking the odds at a 3mil market cap 40-50% below the placing price and for a company with very low cash burn with the big guns paying for the exploration.
WSBN see's much bigger moves with far less going for it in a less lucrative part of Australia.
I remember an RNS least year when it went up 150% in a day. But that was when the share price was higher and so any big news coming out of Kathleen Valley and the Liontown JV then could see a 200-300% day and consecutive rises after it settles in the pennies.