RE: Looking good for tomorrow30 Jun 2023 10:00
DD,all investments are a gamble,some more riskier than others. Tlw is not akin to a lottery 'punt', albeit it is higher risk. But how risky? Well odds of winning the lottery are about 1 in 45 million,you do the %. My thoughts on potential Tlw SP catalysts(feel free to give your own):
Jubilee increased production - 75% chance of positive outcome
Favourable Ghana gas deal - 60%
Oil price staying above 80 $/bbl 2023-24 - 50%
Favourable Kenya FDP deal - 25%
Ghana tax dispute- complete unknown, 0-100%, take your punt.
I think if first 3 in this list happen,we should move back to 40-60p range. If Kenya comes off, 60-80p.
These are not unreasonable, lottery winning type odds. So yes, it's a gamble but not a 'punt'.
GLA LTH