RE: Good evening Matadors7 Nov 2019 07:52
Some very compelling ways to approach this for the Company and akin to being in a sweetshop with multiple options available. If this was viewed with fresh eyes rather than burdened by sentiment from the past, it would be deemed one of the most exciting stocks to be part of in Aim - that's not the case though, as reflected in the (current) share price.
However, that's not going to remain the case and in many ways, I'm choosing to see that as fortuitous. Now that we have discovered commercial oil and are very likely in talks with PetroChina, I'm seeing the current surpressed price as an opportunity to massively increase my holding as funds become available - we'll have a revenue producing asset to underpin such a move, so very comfortable doing that.
I could actually do with the price staying at these bargain levels for a bit longer but as we all know, it's also liable to kick up rapidly at any time, with momentum from those on the sidelines and recognizing the massive opportunity here.
Of course, we also have the presentation coming up, which should be an extremely bullish affair.
Atb