So what happens tomorrow?23 Jan 2018 21:25
Looks to me like this is all set for another excellent day. MM's appear to be short on shares, there have been some people trying to trade this I am sure, they are about to get locked out tomorrow morning and will add further upward momentum.
At 13m quid its hard to see a downside. The problem was always "getting noticed"... Finally it appears UEN is getting noticed.
There are only around 4 - 5 million shares available to the market. This on its own means there is very little available for large chunks.
This will keep rising,
Here is why.
This ticks every box:
Excellent revenue.
Rejected takeover at 250p per share
Debt wiped shortly
Dividend. (5p per share paid in November)
Proved reserves.
2200 bopd production.
Bod have plenty of skin in the game.
Cpr due.
Drilling underway on high cos prospect.
Very small free float of shares.
Few shares in issue.
Well underpinned at a mcap far exceeding what we're currently at.
Exponential upside.
Not on the radar....YET!
Fabulous entry point
Own their own refinery - 30 million US conservative valuation on its own