Member Info for jonesrichard

Yep, not sure why it hasn’t been officially announced yet, that combined with there apparently only being around 500 mill placing shares left to churn should mean that the long awaited pennies sp surely isn’t too far away now!

The official announcement of taps being turned back on should see the 1p area finally surpassed. Hopefully not long to wait now.

Great stuff, thanks for confirming, could be released this evening on the ASX although RNS,s are usually released in the LSE first so possibly a little leak of RNS for tomorrow which would explain the very strong finish today.

Unfortunately I don't believe that is correct.

Potential for a £900mill MC here in time then! I agree with you that the true value after the recent ratification and confirmation is 1p +, the only way to look at the current situation is that you are getting shares at a almost 500% discount to what you should really be paying!

Indeed, I thought a 25p price target was unachievable but when everything is broken down and the huge potential shown, maybe not!

90% of the shares are traded here so wouldn’t take much from what happens down under.

Of course.

Yes, got a feeling that OZ may react very positively overnight!

“No exact date. Even if we knew, we can't share that information. All we can tell you is that the prospectus filing, completion of the RTO is going as planned and we are making significant progress. @JHAS_CEO_BOLT had previously shared that a week ago when community members asked. We should be picking up speed now that Lunar New Year holidays are almost over.“

So seems like it could be very soon!

The sp finished level according to the London stock exchange website

Hopefully the recent confirmation of progressing towards production recommencing will finally rerate the sp into the much talked about multiple pence area, no reason why it shouldn’t as the things required to do so are now finally in place!

Hopefully a 2 in front of your 7 come the end of this week.

May take a few trading sessions for the gravity of this transformational news to filter though to the wider market but once it does the sp should presumably be multiples of the current price!

make that very short term! Have seen the share move up 400% overnight in the past, hopefully there will be a repeat of that overnight tonight!

https://timesofindia.indiatimes.com/city/ahmedabad/hoec-plans-to-start-drilling-in-cambay/articleshow/88961529.cms

Yes, 0.75-1p + short term should/could be seen with all of the news due in the coming weeks.

“India will more than double the area that is under exploration and production of oil and gas to 0.5 million square KM by 2025 and to 1mn sqkm by 2030 with a view to raising domestic output and cut reliance on imported fuel“

Yep, nice strong volume and buying pressure into close bodes very well for next week.

Seen many AIM shares go up 1000% in a week before with many more shares in circulation than here so never say never!