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Look at any junior company before breakout and you can say the same... ain't nobody judging children for a lack of a PhD.
The entire point of this is the cheap price, low mcap and potential of the assets. This combination gives BOIL as uniquely high reward scenario compared to many others. I'm in on ADV for instance and things look great albeit quiet, I think it will win, but I also don't think it will win as hard as BOIL could. High risk high rewards. If you want your already established companies go look at Shell, you know the company that checked this site out in the 90s.
Anyone getting an entry around these prices will do well. Wonga will be done this week or maybe even already done yesterday. It's gotta be close now. Volumes are massive on this stock so once they're done this will rocket and with good reason, Peru drill due May to August, May is only next week! Then obviously Chuditch seismic data which hopefully leads to a JV.
Surprisingly quiet. BOIL seems to be getting the attention at the moment, which I'm also in on but shocked this is sitting as it is. The upside is huge with very high odds of success.
I think the issue is it is still flying under the radar. 6m mcap. That said... Nice 800k share buy around midday!
Doubt it to be honest. Still massively undervalued in a hot sector. Only reason its dropped is usual AIM based impatience. This price is a bit of a steal.
Seems hard to buy. Pended order for a while now
Even with the seller doing seller things, just todays chart looks nice and it most certainly isn't above fair market value yet.
Some sells coming in but the mcap is still tiny. Huge acquisition on sundagas and expecting peru drill in the coming months, earliest could be May. I'll sit tight and enjoy the ride.
Exactly. Weaker profits than expected in the worst oil year for years is still profit. I wouldnt be comparing this to BOIL because that's way cheaper and prospective stages still but theres a lot of other oilers rising sharply who are in this bracket but not making money. UOG actually made money, a profit making small cap! 2021 should be better yet.
Hot out the gates again, this week is gonna be a big week. Don't forget May-August is the date range for drilling in Peru. All this hype currently is just on Timor Leste.
Bought in yesterday, seems a weirdly quiet stock which is something I tend to look for. These kinda things sleep then suddenly get a fire lit under them. Due news soon so I'll sit tight.
Reckon the placements are gone now? Had some big sells again and its a free 100% to dump now for those guys. Still looking to end positive and hopefully near term see us hit that price target above 0.2p.
Multiple in the pipeline but I suppose the biggy has to be Burwell land lease. Due anytime really, once signed this will go ballistic.
Who tf tries to deramp a circa 10m mcap company sat on a relatively safe (for the industry, I mean shell drilled it) multi billion £ asset. Thats just dumb. Cant even say management is bad. Unlike 88e they don't have to work in a stupidly hard part of the world to do anything either.
If im not mistaken there's $4billion in gas they own at chuditch under the ground with a mcap of £10m. Thats with gas prices relatively low lately. A couple years back that'd be worth 3x that. Great asset great price.
Patience. It seems comfortable with warrants to sit at 2p with them being flipped which shows that even without news, it would be pushing upwards without em (rightly so, 6.8m mcap is tiny). So once they're cleared we should see it rerate even without news. We now have a new direct comparison to draw which has a tiny by comparison grid project and double the mcap and again, this doesn't factor in any of the overseas mining interests which themselves justify a higher mcap than it is sat on currently.
Might have to wait a couple weeks to break out without news but it will be worth it.
12p is still low depending on how far forward youre looking. An operational Burwell is worth more than that so if you wanted to wait long enough for it to be built theres even more there. I think 12p is based on land lease signed and the wo wo gap etc deals going as envisioned. Not actual extraction or energy production, but even so let's take your point and build on it. Any one of those projects gives the news we want and corcel is already making bags. 6 bags from current is quite lofty, I wouldnt exactly be sad if it rated up to like 6p which would mean the price target was off by 2x. There is a lot of scope for multi bags even under their target.
In all honesty I'm taking profits from other moves to double down here. The more market comparisons which are valued higher whilst smaller than any one of corcels projects, the more weight it gives to the argument for a rerate.
It maintains steady above 2p every time a warrant is called and every time one is called thats more cash on hand without placings. Theres evidently strong retail and II interest to maintain it.
I read through that 12.91p price target. It made very good points and to me it seemed quite evident that even without Burwell, the SP should be rerating higher than this. I highly doubt Burwell will not be signed though, its a lot of money both ways AND with green energy revolution it would be madness to let such a project not go forth. Patience for bags.
I topped up my holdings on this minor dip. The amount of good news to come and the cash on hand whilst being in the literal perfect sector both at home and the mining interests abroad in the right metals...
More warrants. Should have a minor downward pressure on the price. Probably take a few days to churn through those new shares but wouldn't impact much long term. I believe the 12.91p price targets accounts for any warrants that can be cashed under that price.