"the Company is preparing for the release of its diamonds previously mined by the Company and preparing for their marketing."
130k carrots in total worth anything from £30 to over £100m (depending on quality)
Reason why deramping is so desperate ,shortsxwant to fill or others want a multi bagger .
Johnbell .in this business there are investors and gamblers, you cannot change the gamlers they want it now what ever anyone tells them.
Gamblers have sold and moved on ,investors are patient and stay on for better days coming.
What we have and didnt have.
Wr didnt have .
The 600 to 1000bopd immediateky hence the fall in the shareprice. Those who wanted it now have moved on .
What we have .
Commercial oil ,at 250bpd then with an ESP over 900.
Betyer than expected reserves ,up from 3.85 to over 5.8m..my opinion is same as last post i made on it ..between 8 to 12mb.
Revenue at $8m pa at 250bopd and $30m after the ESP..increasing to over $100m at 4000bopb in the next couple of years .
Matket value with these figures 1.5 to 2p
My opinion befoee the increase in reserves was £50 to 80m .
We now have double the reserves and more certainty off the flow above the average 600bopd .
Sit and wait ,the price will be going up for sure.
Hms ,i think and of course its my opinion only ,that since the reserves are stated to be close to 4m already i dint think 5m would need translating into "substantially higher",i doubt they could even measure the difference of 1mb .I think we will see a much bigger increase than 5m
Im seeing between 8 to 12m b...thats my opinion.
There is no pump and dump ,what ever has been posted here has been in the RNS .
Seems there are accumulators in the back,waiting for morning sells then sweeping them up very quickly hence why the price goes up daily.
When,if,the results come in positive flows and reseves this will goto .75-1p ,it might even go a,lot higher .
Those who cry sell now most likely want to buy in amounts they dont want to pay the large tick up price .