Complete gift at these levels.
3.5m recoverable onshore USA from one asset.
Even at a miserable $5 in the ground that’s more than the current mcap from one ‘forgotten’ asset.
Great comparable, lot less risk here and I think people can clearly see that now after that NTOG result.
I am sure they will come good but the risk to reward nature is well in our favour when comparing directly between both,
‪ #MYN 100bopd at FH and 37bopd with WTI @ $71.21 Mayan are getting a very cool $7,724 per day net backs. That’s $2.8m per annum net revenues. For £9m mcap. What mcap did #AST achieve for less? £70m+. Still £20m now. Amazing undervalue situation here. ‬
RE: just showed up here from 8th May9 May 2018 19:13
No wonder we didn’t rise to 1p+ on that great RNS yesterday.
Our seller who I suspect is now out dumped 7.75m in ten minutes after the news.
This is going to go mental very soon.
See here - alignresearch.co.uk/cpt-company/ma… "DCF analysis reveals an upside of almost 700%" - that provides a measure of where we could ultimately see the stock going subject to delivery.
Good day, would have been nice to hold the gain but 25m+ overall traded and the seller rinsed out for a good chunk is a massive plus.
Will not be long now before this moves off.