Firering Strategic Minerals: From explorer to producer. Watch the video here.
No ones claiming or posting anything that isnt stated in the RNSs ,the rise is purely on expectation and fact.
Petro is crying after missing boat but its still good next boat is pulling up so you could board it before the next RNS
Looks like everyone agrees that Sanderson is a scammer, he had no intention to part with the £3m loan on any kind of work other than purely paying himself wages .
The investment in Turkiye was a total scam with the oil in water bottles and the smell of oil ,there is no bigher perf guns either, thats another fake story.
People have lost all their money here and Sanderson counts his millions .
In our case here good things come to those who wait is true ,we will have to wait a bit longer than normal for results. The rates and reserves being above expectations will have to be read and analysed.
Im very happy to wait here for the good news.
The predicted 0.2p before flow tests and new reserve estimates are reached.The next stage would be if we see 1000bopd that would make the 4000bopd easily doable .
That would cetainly shoot us past 0.5p in day or two.
Then of we get incresse in reserves conformation too its 1p and above .
Generally proven resources in the ground are $3 to $4,out of the ground $12 to $14 net.
If BCE begin prododuction and confirm the better results and reserves say 5mb rather than the 3.75mb then thats net $60 to 70m .
This will also derisk the 22mb of 2p reserves ,thats another $50m .
With this scenario, very possible now,market cap looking at $100m ,that is 1p per share plus .
I would be very disappointed in myself if the price tomorrow isnt 0.2p
It would have closed at 0.18p but mms didnt let it trade freely until the last 10 minutes .They must have been waiting for enough que of buyers and the confidence to ket it go .It should open at 0.18p Monday morning to get sellers in ,anyone not in the que already and will be looking at over 0.2 amd then 0.25 to 0.35 by Tuesday
I am very happy with my guess ,to me this closed at 0.18p in real terns.My estimate after production tie in of .5p is also higher ,another 50 to 100 % if and whern the increase in reserves is confirned.
If that's the case, which could well be true, there is no way the chunky buys would have been coming in if it was a duster .
I am now expecting another double figures rise today and tomorrow .Could even possibly hit .20 Friday afternoon
I think so too .RNS yestersay and this mornings very early buying pressure so quickly overwhelming panic/leaf shake confirns to me that they have hit something ,what thats is to be seen .
Another double figures rise showing today .