No Kenya RNS until after the outcome of the merger has been confirmed. How can tlw agree any partnerships until this is confirmed? Also, if this supposed game changing RNS landed before the merger - would the 3.8068 ************** still be good value for tlw and the shareholders ?
I can see the TLW SP being suppressed until their next update on 13th July, and TLW have an interest in the Repsol drill in Guyana - result expected mid July.
I think it will be held back for the time being, but we have an update on 13th July, and if Repsol have a 'strike' - that must favour our SP. It has been interesting to see how a price could be manipulated for so long.
Stock, Just look at the SP over the last 6 months and how it has dropped after solid updates - it got so predictable that we couldn't hold over 60p and in the last few weeks that dropped to 57p. A more reasonable valuation would be 65-70p range, but maybe options were limited and this had to be done.