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Don't lose faith guys, as the old saying goes; "it's darkest just before the dawn."
Remember we have exploration blocks in all the hottest frontier acreage in town right now - South Africa, Namibia & Guyana. WE & our JV partrners are currently taking to the Majors about Farm ins. Negotiations are slow and technically painful to thrash out. But they've been ongoing for months now. News could drop anytime.
I'm relaxed as I only have a small position here, along with a few other miners/oilers - "eggs & baskets" springs to mind.
Keep the faith, this was at 46p a year ago & may well get back there again.
For risk takers, this may be an opportunity to top up & average down.
Rex
Hi Duster,
I think we got up to 31 or 32p the other day, so I was close, but no cigar! :)
Anyway, it's only a prediction, or as I call it "wishful thinking".
I think once the ink dries on the deal it'll hit at least 40p (yes, another prediction!) Lol!
Rex
Oh, and billions of barrels still in the ground to be squeeeeeeeeeezed out :)
See what I did there Terry? Changed the thread title and Squeeeeeeeeezed you out :0)
And we'll do it every time you show your face here.
Rex
Massive cash generation since last year, replenished our reserves by over 150% in the last 6 months, deals in the bag within weeks, cash in the Bank, dedbt facilities agreed on very favourable terms & dozens of other prospects being lined up for consideration.
This is a compete no brainer for those wanting to make money over the next 6-12 months.
How's your short doing Terry, oops I mean JAdams 5000.
Hey, is the "5000" how much your down already? Lol!!
Rex
Why don't you read the Half Year report - you know, the one dated 12 September 2023.
That's where you'll find the info regarding our most excellent cash position and debt funding arragements.
Anyway, your not a shareholder, don't you remember? You borrowed tons of shares & then sold them. That makes you a non-shareholder. Anyhoo, now you have to buy them back at a higher price to fill your legal obligations.
Enjoy :)
Rex
Fantastic news. Should hopefully see a re-rate this morning, followed by a slow rise to completion.
Also nice to see we-ve replenished our reserves by 150% already :)
Poor Terry must be shi**ing himself.
Lol! :)
Rex
Fantastic numbers and a great set of results. Well done to the Board & well done to all shareholders for keeping the faith!
Now,, if you listen carefully, you'll hear a low sobbing sound.....................
That's TerryMC you can hear, broken and poor, through his greed and cynical attempts to manipulate us. May his short continue to burn "long" and slow.............. :)
Rex
I expect either a seller in the market or doubts about the listing going ahead tomorrow.
As we have no RNS, I expect the listing to go ahead and a re-rate to £1. I reckon we'll find out tomorrow afternoon when NASDAQ opens.
If this were all over Twittter/Facebook/Reddit, I'm sure it would be at £1 now. Just been missed by everyone I think.
Anyway, good luck for tomorrow everyone :)
Rex
Cheers CW,
Can't believe I got 'em at 48p though :)
If it doubles I'll probably sell half and leave the rest in for a free ride.
I calculate that at the current exchange rate of $1.25/£1 the $170m deal will be worth about 98p per share.
Rex
Morning all,
I've been watching the sp of SMD since the NASDAQ announcement a few months ago, and thought I'd dip my toe in. I've just bought a few hundred quids worth at 48p (about 5 mins ago) and got 1,008 shares.
The CEO reckons NASDAQ will value us at £1.01 on listing. Can it really be this easy to double your money in a few short days? I hope so!
It's a small punt just to see what happens, basically. It really may be a gift horse I'm looking at :)
Anyway, best of luck to all holders & fingers crossed for a 100% profit for everyone on the 8th :)
Rex