RE: Christmas31 Aug 2023 14:15
Prem is now a depressed stock with a lot of latent buoyancy for upward trajectory on right trigger events, such as 1) plant working, 2) qty’s of sp6 being as promised or near promise, 3) production issues put behind us. I’d argue that a 5x in SP is perfectly achievable at Xmas if things goes to plan, and that the plan should be fairly easily met…
I chickened out on the recent drop to .41p and poured it all into PANR which is a long term hobby of mine, so annoyed to see PREM bounce up 10% same day as I sold in panic. On the flip side, PANR have just had 1bn barrels oil in Alaska independently verified to be recoverable, so now up 100% in 5 days with no sign of that trajectory to change soon. I will however keep a hawk eye on any movement on PREM, as my primary 2H2023 recovery stock.