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The share price will usually retrace to any options / outstanding loan notes price so that’s no surprise .
The final options are at 8p so once these are cleared , next base should be there as a Minimum as there’s a lot less of them too
Sorry you missed my point , the 5m profit was from production only .
The next paragraph on the RNS reports a 7m increase in asset value . A different calculation entirely and linked to profit
The two are mutually exclusive but , as you say let’s move on
As you say it’s in the half year report as £5m net profit , I’ve not made it up .
You say that want happen again , why not Italy on line early Q2 /23 and new wells on Spain .
I’m in Coro too but, it’s like PXEN in the early stages of debt, warrants and bonds with its biggest potential in one of the most dangerous jurisdictions in the world . I’ve taken a £5k punt with Coro but it’s a massive risk
Just facts - you’ve had 600 posts on Coro in 7months
Ramptastic work , interestingly almost the same volume and started your time hear as Earl of Aim - coincidence maybe
PXEN which I’m in as well as here in Coro , has £5m a year profit so £30m MCAP is fair . No debt in PXEN at all and £6m in bank .
Coro not disclosed profit and has £22m debt via Eurobond , will need 3years likely profits to satisfy the bond but , the bond is due in Aril
24 - it will get extended expensively
I can only echo what Theyknowitall says on the telegram group . I have been on this BB for fours since The Romania find and have been over on the Telegram group since it’s inception and it a a great source of info and informed people