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gl 2 u
between price and as should read, will change the curve, and after as should read, they, not the.
not sure when but it will go up.
so tricky. there must be people who cannot sell. literally. the SP could easily go to double or more but the people who cannot sell at this price as the hold so many might just blunt any upswing.
led to believe there is a 2nd tranche payment to peru requiring more funds after the funding from this placing is used.
why the original post today. more cash than available now will be required.
TBH. At the moment the SP is hitting past price resistance. This 1.20 to 1.30pps is another sticking point. Just as 1.4 to 1.5 was in Dec/Jan. As is the higher figures will be (i am guessing) around 1.8 to 2.8pps. Technically I worked out the SP should be 1.83pps now. I reckon some of this is down to the last drill failure (88e did not decide last drill placement). Some LTH are thinking the SP will follow that kind of graph. In all honesty this Appraisal well should firm up the belief that there is oil there that is profitable to extract. We know oil is there. Thats why it cant be a duster, The primary targets are Stella and that should give between 3.5 pps ish and well over 10pps. On it's own. Other targets take it up to (at best) just under 50pps!
Now the Mcap for that puts the value of 88e a fair bit higher than PMO! But if you work on a Mcap of 500 to 1000 million for 88e field if it were bought out on good findings that would give you a 7 to 18 bagger from here.
Sounds like guesswork. But trying to rationalize where actual money in the ground turns into money in the bank for shareholders is the tricky one. PMO could, literally, buy out 88e "on the cheap" and make it's profit on the other value in the ground it did not pay. All of this is speculative apart from past price influencing (note it did not affect or effect?) the SP as it climbs and falls and this drill is more important to 88e than probably any other as it could prove so many targets in one drill.
It really is nonsense.
You have a plant, it can produce antimony......and now we are just about there lets shake and shake the firm until the shareholders fall out the tree.
Funny how someone is left with a nearly fully functioning plant.
manyanna, i take it you live in ireland and have for a very long time?
I know I went on about cash raises, I know it is forward placed, The cash raise that has just happenned is by and large to pay for the peru operation.
There is supposed to be a second tranch payment(correct me if I am wrong) to pay for more nails to be knocked in the ground in peru.
this will also need cash. most likely with a second cash raise and further dilution.
when something looks cheap best to jump in. unless they are planning to empty the swimming pool.
then you could be a bit stuck.
i hope i am wrong for the sake of some.
be carefull
This is all very personal.
As it was valentines , i left it to the other half to do the holding
And the answer is YES.
PMO
To the tune of 20 odd million.
Have a read.
https://www.glossary.oilfield.slb.com/en/Terms/t/toc.aspx
Probably wanting another end of month Top up!
nominal on LSE to have 0.1pps spread. Very rare it is less. GWMO is the exception I look at. In many ways!! Only share where they discover gold and silver and the thing nose dives!. Have a good weekend. Not sure which will win snoring contest, dog or misses.
i shall watch with interest next week. gl to you.
with earplugs!
2pps by the end of the week!!
(one week i will be right!!)
Friday sell up. Cash for the weekend. Expect Friday dips.
yep. shows how much the mm are holding. expecting this to go upwards.
deffo the rig move is next week?
oFF FOR THE WEEKEND. oops caps Have to listen to snoring wife asleep after red wine!!! what a mental picture!!
bad position to be in. i would suggest sell late next week and buy in after march placing. if you intend to stay in.
Our dog goes mad for sweet potat6oes? odd. He would tell you to invest in a new car. goes mad when we head for it.
I could be wrong, but 0.2 is hoping. It might do something Monday but that bounce thought is clinging to hope IMHO.