Todays news was material.. This will now rerate4 Apr 2023 17:22
We cannot just jump to 2 or 3p plus - where this should be - because people will buy and people will sell..
But understand - todays RNS put in black and white exactly what the facts are. This is still only 9m mkt cap. Its almost debt free, we are producing around 1,500 boepd, could be 2,000 boepd soon on a best case success scenario. Its worth multiples of these prices easily. Its such an easy buy..
Just let it keep drifting higher. Which it will.
Todays update has got peoples attention, now its time for this to re rate.. I think were gonna settle between 2 and 2.4p before consolidation takes place...
But that update was HUGE.
Also watch the ISA loading on Thursday.
Stock is tight again. You aint gonna buy 5M shares here easily..
Some whales come in and they will move the price.
Tremendous set up in place now.