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Whatever is the SP right now is irrelevant. This is going to be between 4p & 5p by the end of March 2022.
Licence will be awarded as there is no reason no to give it. Licence often are given weeks or days before drilling starts. Nothing to worry here.
Not going to go down under 1.5p unless the drill comes dry. And before that, it will go up to between 4p and 5p. Buy now sell 2 days before the result.
Once the money is released from Governor transaction, it will be only a question of time but it will only go up for a long time.
Now it is true that as long as the money is not in the bank, there is a risk but SP is not overvalued right now to the assets in the grounds.
11:50
I agree. SP this year relative to SP last year is not to be compared. Just look at the full market value. Same for me. Last year I sold when MC reached £500M as this is about the highest value PAN had.
This year, I will sell when MC is between £500M and £600M as PAN has been well over £600M. I will definitely sell if the MC goes above £600M before the drill result.
14:53 lol
Everyone here knows you are a plant. Nobody is going to listen to you here. We all have been following this share for more than a couple of years and we will all do exactly what we did last year. Bought late last year or buying Jan/Feb upwards until before the result and sell the day before the results. Last year profits we above 700%. This year will be less (expecting only around 350%) because I bought with a higher SP of about 1.50 compared to 0.65/0.70p last year.
But the end result will be the same. Selling between 4p and 5p before the results.
You are losing your time trying to deramp this share. SP is not going down under 1.5p before the next result.
14:50 lol
This share needs no ramping. It has thousand of followers who were waiting for January to buy. More will buy during January and February as this is only going up from now until the day before the result.
You should sell now (if you have any) as you believe that a placing is on its way.
You are so lame at deramping this share.
14:26 Did you miss the boat? Sp is not going back to under 1.5p anytime now before the result of this well. It will only go back under 1.5p if the well is not successful. But then again who would want to buy in even at 1p after a non successful drilling.
After a successful drilling the SP will not get back to 1.5p. More funding will be needing but at a higher price.
The best was to buy under 1.5p late 2021 and and wait until end of March to sell before the result. That is a win scenario for investors even if the well is dry or catastrophic. You have a gain, less than if you sell after a successful well but you decrease your risk by 90% selling before the news.
You can still buy now as you can sell at 4p in a couple of moths but the more you wait, the less gain you will have.