While I understand that the bonds are16 Aug 2019 15:46
(hopefully) the last major issue - barring any construction problems, I really cannot see why the sp is languishing at or near 4 year lows (April 2015).
That was before we had planning permission , ST1, Part ST2, any take off agreements, any construction of any sort ( which is making amazing progress ) ETC ETC.
Given that the fundamentals are as good as they have ever been, to say it was oversold (RSI about 10) would be like saying Mount Everest is a bit big. It really ticks me off to see the price pushed down and held down like this while literally hundreds of millions of shares are changing hands, mainly between thousands of nervous PI's and a few very big, already very rich players, for a couple of pence more than they were then.
Even at 50% risked NPV with 10bn shares in issues ( the highest figure we are aware off being possible as present), the 13 mta sp is 59p to 87p and the 20mta sp is 85p to £1.22 using SXX Investor presentation figures.
Obviously that is in production 2921 and 2024 but 9p ? Really - talk about taking us for mugs.