RE: Upward trajectory23 Aug 2024 04:25
The SP is where it is.
I still believe it will trickle northwards, and only when the full disclosure post analysis comes will it rerate. IE once the market is formally briefed on size of resource, flow rates and commercial viability.
Snippets of positivity in terms of drill update will keep pushing the SP North but the market will always be open to buying/selling.
Best to zone out from daily trends, and not be too worried with fluctuations.
Once drill appraisal is complete, it’s a 12 month time line to production, which will need funding.
Not long to wait, but it’s the evidenced disclosure of results that will project the SP to a substantial rerate.
Everything is pointing towards a valuable HE resource.
Keep those fingers crossed.
Stay patient.
GLA