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have been busy today. Up down up down & shake it all about. Plus we even have the notorious 1 share deal to wet our appetites! (if you believe in that kind of thing) RNS might be with us on Monday? Wouldn't want to be out of this before the weekend. Sorry I couldn't resist. Have a great weekend.
Not looking good. https://uk.tradingview.com/symbols/LSE-SML/technicals/
I'm sure you will be fine. The market didn't like the copper mine deal at all. Discussions on this board picking apart the deal saw the SP fall. I think the deal was perceived to be a bit "clicky" shall we say because of key personal coming over from RMA , questionable due diligence report, why we paid so much, who got the VWAP shares etc etc. The only thing that will heal this is when profits come in from the copper mine. How long will that be? Who knows? Maybe 12 months. They have to prove they can succeed where previous owners have failed. Then we also have the ongoing drilling. We could hit big at any time so at this price SML is worth a punt.
Farm out is totally separate from Polk and Tyler county. The anticipated farm in is for Wilcox and Navarro. VOBM1 in Polk is already supplying gas to our gas processing plant as well as well number 2 &3. Once the collapsed casing on VOBM1 is sorted we will be back to full flow which brings in around 800,000 dollars per month.