Prize due to start production in less than 18 months. Lots of milestones before then which will propel the share price north. The FS due anytime in June with finance news due after that. Broker targets of 24p in the next 2 months once FS done and finance progressed. No way this is not getting financed on a risk reward basis it is a world beater
Due to hit the market next week and I doubt they will have all been forward sold as the volume is not there....see this slipping below 7p to create the demand and volume ....on the flip side one RNS of value and the remaining shares will be churned in a day ....the joys of trading...
A monster in the making.......but it is....read Aligns note or all the RNS or do a google search its all there to see...even a highly unlikley downgrade in resources or higher costs would see this move higher as mcap has been battered but is bouncing back in style now...
Haha some good tweets about today and some volume of tweets it’s been quiet for weeks but now people beginning to realise the scale of what we have here...
You could be right as we don’t need the cash as we have over £100m in the bank and it is a profitable business we are selling....knew this would drop first thing to flush out the panickers and could move on from here
Can placing shares be forward sold as someone said yes but I can’t find anything definitive on the internet otherwise 2m shares being dumped soon which will take some time to get through without an RNS which if it contained good news we would churn 2m in a day!
Enough cash to pay all debts off, 12k barrels a day production at $12 a barrel costs, half of oil sold at a high market price due to hedging.....re rate in bound
I took profits as the placing is what did it for me as usually without further news after the placing announcement the shares slide to around the placing price. A poster (not me) said it would and got slated yet the price has fallen into the 7s already and volume dried up. I’m looking for re entry about the 7p dead on mark if news doesn’t get to you first
More buys then sell today. Check my posting history every day buys out number sells....breakout coming soon....I need a new car so can use some profits here if it gets a move on and then I can cash out as it’s not a long term hold for me I just want the spike once the seller is confirmed out