RE: Lorna’s played a blinder28 Jan 2024 07:02
I look at it from a very simple ideology.
If you're a new investor, and you had a spare £1000 to throw at this.. you buy in at 0.60 (which is still a ridiculously low price even after the dilution...) And you close your laptop and wait for news. And then the news comes next week:-
Scenario 1: The initial positive findings are flawed. The well is not likely to produce enough helium to be commercially viable, and the share price slumps back to .25, meaning a worst case scenario loss of £550 ish.
Scenario 2 - The findings are off the scale and the RNS is full of positivity and cheer. The helium levels are out of this world. Where does that put the SP? Probably back towards a £60m mcap I'd have thought, so around 2p.. trebled your money in this instance.
You have to work out your own risk/reward strategy...