RE: Rise or fall?7 Jun 2020 16:18
The two nymphos have taken my dog for a walk so I have 30 minutes to rest and recuperate.
I try to look at the possible market cap as opposed to the share price.
Currently sp sat at 2.9p and according to Google the M/C is £71 million
What do you think the M/C will be if a farm in / equity partner comes on board?
What will the M/C be on spud?
What will the M/C be if the drill results are as positive as the CPR presumes?
Bearing in mind we might have some pretty heavy dilution along the way which will chisel away at the value.
Above all, we need a decent oil price to help us along and help negate any dilution . Ten years back when this was in the 20p region and all the Falkland Island Co.s were surging the oil price was over $100. Those days are long gone and we have double the shares in issue.
If we are stuck on a low oil price and no partnership bringing a burst of fanfare??? Deary me, 3p on spud might be about all we can expect.
I know some will say "it's not about the oil price now, it's what it is on production" but the current price is all the market has to work on.
Much the same if BPC find a massive lump of oil sweet enough to use with the two delightful ladies walking my dog (I must rush, they,ll be back soon) our value and appeal will be dictated by the price of oil and the amount found divided by our shares in circulation which bring me back to out M/C
They're back....