this is just the start of a rerate of the SP to around 25p pending mobilisatipn of the test rig starting with the gas well probably. Nice upward trend into the flow tests from ems well and a fund raise for an accelerated appraisal programme post announcing c. 3000 bopd which would be a super result from the tobifera at which point the Mcap target with say 550m shares in issue will be 250m gbp odds on bet that this is achieved by September time imo after appraisal wells 3 or 4 the skys the limit good luck all ..dont be selling too cheaply as decent low risk short term punts are not two a penny.
cleared? should get a feel in trading this pm. Market makers have done a good job in matching placees to new buyers and expect them to move this up shortly.
Perlite off-take will be with US Silica NYSE LISTED
100k tons pa expanded perlite at min $500/ton ref CS Scoping study
plant capex 8-10m$
Gross revenue $50M