RE: Value and Disconnect6 Feb 2022 10:08
Excellent summary Jasper. Your short (how short?) term target of 0.48 is interesting, in that it is just above the exercise price of 0.476 associated with the April raising, which expire at the end if June and would give the company a decent cash inflow if they reached that level.
If all 3 of those things are rns'd next, that would preumably give us a further sp boost, especially if they were all in the one rns. Do feel that given the 50% rise in the last few weeks, some of the rise may already in the price, but given the way the sp overshot in April who knows what will happen on the day? Could be an opportunity to get out and back in lower.
As for the the disconnect between the value of the company and the apparent value of the Cambay asset, that's due to the binary nature of the situation. It's all dependent on the refrac of 77h. If that is a huge success and trebles (or even more) the flow rate, we are laughing all the way to the bank and should get a great jv deal. If not we will be crying into our beer.
Obviously, we all believe /hope for success but until we see it in an rns, nothing is certain. Going to be exciting finding out. Atb. Gla.