RE: Sellers2 May 2018 18:19
It does peakview however, what it is also doing is suppressing the SP against a backdrop of news which should in fact be raising the SP gradually on each piece of development / completion - which it’s now not. There will of course be a rise but this won’t or is unlikely to be until that news is classed as ‘major’ such as a FID or successfully pigging pressure tests, even then the rise will be diluted due to the share circulation and loan agreement. Rock and a hard place for me - on one hand without the cash flow from the last agreement the work being done would not be being done, however as PI’s our investment is stifled significantly until we get to the major milestones. As with any venture there are no guarantees either, but one can only hope for the best and take faith in the BOD ! Gla !