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i know IIs are still exiting. but why they are exiting? dont think due to placing as we have 4m cash still. or am i wrong?
why?
- our mcap is low, even on Wressle alone
- oil price will continue rising - watch for Opec
- success or not on Serenity, we will get tax rebate for the cost we incurred. thats massive plus!
- on success on serenity, this will be 10p plus or higher. on not success, i doubt we will drift much lower as nothing much has been priced in. mcap should be higher even on Wressle alone
- this was 3p not so long ago. seller/warrant will finish soon
- low risk, very high reward
this is not blind ramping.
we know sidetrack is coming and that alone will bring on more than 5p. add that the second compressor and rising gas price, 10p will be achievable and even higher.
of course, we need to clear the remaining around 40m-50m warrant left, once these are cleared, hopefully will have more sustain rise.
this reminded me of EUA rapid rise after clearing warrants a couple of years back
even ANGS has much higher NPV especially as gas price now is massive and they are now actually producing.
and if EOG successful in their North Seas drilling next mth, their NPV will be more massive.
that explain why sp is done today imho
stand corrected.
yes, 5p only 25m mcap
and 10p is the target for 50m mcap
lets get to 5p for starter.
we could easily get to 50m mcap on positive news here. after all, that only means 5p.
so far.
very positive
yes, this placing is bad, but i am sure AP has promised something to the placees that he will pump the share price so that placess can get out profitable. expect sp to rise back to 0.6p at least? perhaps next month when he announce delivery? or maybe news on central asia assets?
with General election in 2 yrs, i doubt any company will take seriously regarding lifting of fracking. imagine if EDR/IGAS doing fracking next year, only to be told the year after to stop all activites (if Labour win).
hence, will need to wait for next general election for any activities.
thats why sp in weakness imho.
now have to focus on Wressle production, EOG, UJO EDR will do well