RE: Time to draw a line15 Jul 2019 16:57
Real analyst only posted on 22 June the following:-
Balcombe produced 3000 bopd but had to be choked back to 1539 bopd because the pump wasn't big enough.
I know the company's credibility was damaged,but it never merited 2 or 3p share price levels.
Last summer, the speed rapidly recovered from 4p to double figures,and then 16p by late October.There is even more reason for this rerate to happen even faster this summer-as I've said a valuation of £50 million would be a cautious but fairer valuation -and would see the space where it ought to be now-9 or 10p.
He was bullish then and now keeps banging on about his action group, I think he has ulterior motives.