RE: share price12 Oct 2018 14:29
The down side as posted by JL
I agree that little value has been created by G management for shareholders since the overpriced IPO. But there were valid reasons for that, a) not getting paid, b) ISIS c) the catastrophic (at the time) downgrade to OIP/reserves & all the warring tribes in Kurdistan /Iraq making investment an absolute no no.
This still hangs over the company , but with headlines like rapidly increase both production and cash the market will like. The net cash position has only just been achieved . As Boyobach has previously stated GENL was overpriced at £3 in August , i feel that price will again be seen by year end which is a nice uplift from here. What cash will they be sitting on this time next year .