RE: low mcap compared to 88E3 Nov 2021 20:02
Ivan said MCAP, in which he has a point, the MC of 88e is £232M, which would give us a share price of ~22.5p. I shudder when I think of 88e, we are nothing like that company and we HAVE a REAL asset, not THINK we have!...
They're drilling an appraisal well, (Merlin 2), in Feb next year 8,000ft deep with a 56% CoS, in the most intolerable of Alaskan conditions. I have nothing against the 88e team... Hope they do well for all those invested over there.
By the time they even start drilling, we'll have shut in our successful well, and have been announced new acquisitions by the BoD and looking to appraise it/finance it..and so on!!!