RE: Reputation12 Jul 2014 11:23
Good post smidsy, certainly you could ask yourself what would constitute an adequate reward for those buying 18-20p, and holding over four years, (2 years already), before the company is fully sold which is the declared intention.
We have heard that estimated reserves based on only 10% (6 wells), currently give a value of 42p per share. This value creation rate certainly fits within the timeframe, with plenty more upside potential to come. His team as individuals have done this already and Brad is lucky to have them on his team. For me its a high potential, low risk 3 year play, and we are lucky to be able to purchase stock below what the majority paid. This window will soon close.