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They wouldn't cap the well. They would rather increase capacity at the plant or decrease production across the lot to increase longevity. I would say the former would be much more likely given availability and success of the wells.
I believe the new capacity results and presentation in the next week will soon raise enough awareness. Does anyone have an update on the placing shares yet as I believe we must be coming close to the end?
Darien, that is the previous presentation. I believe shares magazine are having an update with Serinus next week which will be in a similar format. The talk Pure_Evil is referring to was on a Polish website which from my understanding was very positive. Having a CEO state the company is underestimated prior to news is very positive. It's certainly not something you say when you are sat on bad news imo
Ah ok, I see what you mean about GGP. As the size is still so unknown the research is better spent at this stage looking at the development of miners. Once we have a better idea hopefully from the 3D model, we can then look at mcaps etc.? I see the logic, thanks for the help.
Sorry, just to clarify PE ratio is just something I would normally do. I'm not after the same here just an understanding of how you guys see if stacking up over time. I'm more particularly interested in the mcap of similar businesses so I can do research on there progression. I've been looking through Alkane (Boda) and just wondered if you guys had any similar or ideas of mcap?
@RollingInIt - GGP and SOLG from what I can see are a different ballpark in comparison to what we are looking at?
@blackhopper
Not sure if the P/E ratio comment is aimed at myself. However, "If Au levels are high... well take a guess" doesn't really help when deciding where to invest in the longer term.
I'm trying to do some further research before I invest further in this. I use PE ratios etc but they require a prospective mcap and/or earnings per annum. Are there similar companies further down the line with an item like our racecourse find? If not, how do you guys understand whether a small mining company is under/overvalued?
Yeah could well be that but I would have thought they'd have been processed last week. I'd be more inclined to think its more people taking profits to make quick bucks elsewhere. Contrary to popular belief, I can't see above 7p until the third drill is completed. I'm happy to wait regardless
2500 Bopd (Current) - 1
3500 Bopd (This month) - 0.7
8500 Bopd (Target) - 0.3
It looks oversold from the issuing of shares to me. It will be interesting to see what news comes to light on the 9th Feb as there has to be some kind of news to warrant a conference.
Thanks Caribs,
I did have to read it three times to make sense of it :) I seen on twitter someone calculated there are around 300m shares on the AIM still to go through with an avg volume of 25-30m a day so around 3 weeks. I think we can expect the SP to rise slowly during that time and a large gap up on considerable news.