RE: MEN1 Mar 2024 22:46
BCE, Seen a £50k sell at 0.45p today, I assume that's II forward selling, working the average, as most LTH know its just a case of holding for a better return.. Unless its a trader with a sharp eye for a better opportunity
so with just 58 trades today and 5,137,000,000 placing shares to sell into the market before results we could see some bargain prices...unless the placees are confident..
And that 900 boepd, is still to play for, so could see some good upside...
"Illustratively, at flow rates of 150, 300, 600 and 900 bopd, the Company would expect to deliver operating cash flows (after operating costs and G&A) during 2024 of approximately ?40,000, ?300,000, ?800,000 and ?1,300,000 per month (assuming $80/bbl Brent) respectively."