RE: Let’s be positive15 May 2023 08:40
Hello Rocklawn - BEY - yes they have a higher mcap than here but they also have nearly double the shares in issue so they are not actually worth a great deal more per share. The SP on AIM is often driven by expectation - as you say there are O&G companies on here that have never seen a single barrel of oil out of the ground but they are traded at a much higher levels than Bloe. Unfortunately, we have had several false starts, missed deadlines, Covid-19, de-rampers galore, world oil price slump and the Scottish bullies to deal with. Sadly this history has all acted like an anchor and it is holding the SP back within a narrow range. One thumping good result with the drill could reverse all of that in a very short period of time.