I think 3.7p, not quite 4p, when the RNS lands. Depending on the general stock market sentiment towards gold and copper, however, it could sail straight through 4p.
ARS is definitely hotting up: the volume has picked up and we're looking at over 10m shares traded by close of play today, perhaps more if there is even the faintest whiff of the SPA signature RNS.
A very warm welcome to all those who have cashed in their RMS profits and are looking for the next multi-bagger. There's no better place to be than ARS!
Close to nothing: the total value of the contract corresponds to ~12p per share but we don't expect the SP to go that high when the first payment ($10m) is made. A reasonable expectation for the SP is around 8p when that happens.
On the other hand, the NOMAD's SP target was 14p prior to the RNS on 8th October, so it's difficult to say how much higher this could go. I'm not greedy here: my limit sell will be set at 9.95p (just in case there's a retrace on hitting 10p).
I've tried jumping up and down but it's difficult because I'm sitting on my hands. The bloody chair doesn't want to leave the ground even if I jerk my whole body. :-)