Sunda previously called boil has released an rns this week saying they have entered a jv with their partner to drill in early q3. They have lost a lot of the working interst however have to put less in. They have taken out a 9 mil convertible loan so they are funded now. The sp has pulled back quite a bit so maybe one to watch in the coming months
Well hex was selling for 16 pence the other day now it’s pulled back as it waits in news. It coif be a few weeks until another update I should prob just hold.
Zeph it’s more if to gamble on a fomo Friday…. Get in at 8 and sell later in the day at a profit ( hopefully lol) it’s just that it’s risen a bit since the end so I worry it’s already priced in
Bernard thinks the export licence will come within the next month. Looks good their and like you said a loan is so much better as it can be paid off once they sell the product. Its just a shame the other company charged 15% but on the grand scale of things its only pocket change going forward.
A after hours rns has dropped, they have recieved a 15 mil loan from their partners which covers the payment to the government plus general operating costs.
Horult how do the figures line up? Are they as expected? They haven’t said if it’s sc6 grade or not?
If they have to go down that other route it may be trading sub a penny then it will be rock bottom and a potential good recovery play. It could bounce 20-30% on no news
I think its just too risky Dai, I agree its very low but ill watch it the next few days and see where the SP goes. If it tanks further I might try and get in for a small recovery play but this share has really low volumes which is a concern.
I do agree Dai, in a months time they may say that have to take the other route then that will cause it to drop further. How random this dropped the day after I was talking about buying in! Its the curse we cant be in together lol
From reading the BB I think they are waiting for a new resource estimate to be drawn up. That will prob come after this well has been finished as this well will give alot of data.
I am but if no news drops by Friday ill buy in first thing Friday and see if it rises during the day for a quick swing trade. Id still sell out at the end of the day regardless on what happens.