I think we will be pleasantly surprised. Taking on the WRAP offer for retail holders as well as stating that they wouldn't be using anymore of the RF facility after the equity raise shows an increasing awareness that the poor comes and lack of engagement with investor's needs has at-least contributed to the SP decline..
Agreed on the LTH Aber but these constant buys and driving share price are not mostly coming from PIs that participated in the wrap offer. IF they continue as they have there’s no reason for this not to continue to rise. Most likely an institution or HNW building or adding to a position IMO
It has been a right disaster in the past. But it’s currently making profit for the first time and huge new acreage with Fouke lookalikes with 87% net to Ntog. Oil heading to over $90/bbl got to be something in it for NTOG and new buyers at a £860k mcap. If we can finance these first 3 drills on a combination of extended lending facility and cash reserves then that’s a company making launchpad. The effect will be cumulative with the wells paying back the costs in 2 months and more wells being continuously drill on the enlarged acreage. That’s the idea anyway and defiantly within reach now. .