The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
After being one of those muppets to question BTC, i sold my 25000 holding at 80p when I bought it at 91p. Finally bought back in yesterday as I believe the increased capacity and qualification to the big boy market wasn't properly priced in due to BTC dropping. It shouldn't take much to get this moving.
Poland has a much smaller amount of shares therefore they inflate much easier. That being said its pretty clear the UK is too low but due to placing shares, its difficult to get the volume to boost the SP. We're not far aware from the end of the placing shares and news on the well is imminent.
I have to be careful here as I don't want to seem like a ramper. From my estimations we are in the last 100m of placing shares. We know we are in the final stages of the 1008 well and oil prices are through the roof. If all three hit this month I'd expect to see a jump to 5-6p comfortably and the WSE to fly even higher. The rest is difficult to predict, there is a timing plan but that was put forward on much lower revenue expectations so that could certainly be advanced or some of the other projects taken on.
https://www.sharesmagazine.co.uk/events/event/shares-investor-evening--webinar-170221
I'll be watching. It just seems strange that without an RNS and slight presentation updates, there is little to discuss. As they arranged it, i'd expect at least an update on forecasts against the new O&G prices.
Are we sure the presentation on the website is the current one? There is little difference between the information in the November one and this. All financial data is old and hasn't been updated to reflect the new $50 oil price.
Agreed. Unfortunately until the news is released and we see that initial jump, we can only expect a steady rise. FOMO seems to be the biggest driving factor of investment of PI's currently. Either way, two weeks and I expect a firm double from here.