SP will sort itself out21 Oct 2024 11:25
Lots of delayed trades showing and fully expect to see a TR1 tomorrow or day after from Oberon who are selling into news as already suggested today.
They make decisions to buy and sell off spreadsheets and algorithms, and they are not that good at it given they lost a shedload of cash last year lol.
For me, the great unknown was whether Clink could be re-entered. As people like the cat so gleefully kept pointing out, the sp would have dropped dramatically on news of problems even though Rudyard is a great insurance policy and the funding was there for a second well at Ingomar if required.
People ranting on about placings for money to develop any commercial finds have obviously not read the prospectus, the various RNS's or listened to any of the interviews and presentations. More fool them.
I have zero sentiment about this company. That does not mean that I don't like the people involved and I believe they are straight-talking.
Once the sellers are happy and have balanced their PF's, I think the SP will steadily grow and that further tasty news over the next month or so will result in a true reflection of what this is worth. What that actual figure is will depend on the gas showings and flow rates as test results come in, but I see no reason why this won't easily double from here quite quickly.