Placement6 Mar 2018 09:39
Hi BDGM
Thanks for your thought out reply. My response is to look back to this share in June 2017 - fully funded, company changing drill imminent, rig due in months, decent licence period (no distrust of the company at this stage) and the sp was sub 17p at some points that month. Givcn the 50mill shares in issue at that time equated to an mcap of �8.5mill. So in short, yes, I absolutely believe we may see an mcap of around �10mill at the time of the upcoming placement. And that will be the time to buy.
I could easily be wrong. I�ll take that risk.
IG