OK22 Apr 2026 14:31
SO we have £660k at 5p with warrants at same level-£8m at 10p (any warrants)?
They arent drilling until 2027 so wont have the same POP as if they were drilling in 6 months, they have large expenditure and im not sure the newsflow will be that interesting for retail invesotrs
In saying this, compared to HE1 and PLSR, its priced ok, just the equity and warrant structure
Sometimes, these things are priced to go, as there was no other price to go with ie investors dont value this at a £30-40m ipo price
Charlies was pretty poor at BHL and is taking £200k a year salary.
This has both positives and negatives, i see the retail comparison but the Rukwa basin has really been that sucessful, HE1 felt alot of pain
think its one to watch for preipo drift and then maybe scale into
Thoughts?