How about this, Maldini? SDX's latest valuation by Edison is down from 86.5p per share to 49.8p. They have announced a modest discovery since then, which must lift it. Yet the shares are 17p to buy, with a market capitalisation of 34m.
'a risky play,' he says. I think we have known that for a long time. If the transfer doesn't clear next week, at least we can lay to rest the theory that its clearance depended on regulatory approval being granted.
SEL 2/07 was awarded to the Company and its partners in 2007. Hook Head has had four wells drilled on it, all of which have logged hydrocarbon bearing reservoir intervals. Hook Head has audited recoverable resources of c. 35 MMBO (2C) in the drilled central part of the stucture. The Company has made an application for a Lease Undertaking for Hook Head to allow the partners to evaluate innovative methods to commercialise this discovery with third parties. The current working interests in Hook Head are Providence (72.5%), Atlantic (18.3%), and Sosina (9.2%)
I can add you to the list, but am worried there won't be anyone left to keep the BB going. I believe everyone will make money because the company is growing and is undervalued. The terrible thing about AIM is the volatility and the way any setback, whether minor or major, results in a price crash. JOG went from a low of 30 (caused by bad news) to 60 and then, rapidly, on good news, to 399 (adjusted to about 300 after a placing). It then fell to 57 on bad news and then went rapidly from 73 to 220 on good news. I have disciplined myself to buy low rather than high and to average down in stages. It rarely pays to chase prices on AIM.
I think it could happen something like what you speculate.
I do hope so, because I really don't want to be reading posts like, ' The share price is only in the 40s because of the need to raise all that cash for the GWA FFD; you're wrong about the price being the same as it was at flotation - there are X times as many shares in issue now; if GWA dries up, the SP could fall to 25p.'
Don't forget that we all get dual British-Palestinian citizenship under Corbyn, with London being twinned with Gaza.
Londoners will be encouraged, like Corbyn's friends in Gaza, to replace petrol by a combination of sugar and potassium nitrate, which are used to propel Qassam rockets in the cause of the liberation of Palestine - I mean at the peace conference.
'The SOU BOD know that no offer for the company are on the table nor likely to be made in the near future.'
It is possible that no offer for the company will be made in the near future. As the deadline has not yet been reached, why would any offers be 'on the table'? Since more than ten companies are showing interest in the sale, how could the SOU BOD 'know' that no offer is 'likely to be made'?
As I posted yesterday, Cenkos Securities think that PVR will find a way of going ahead with Barryroe even if the finance from APEC never arrives.
What that would do to the share price in the short term is anyone's guess, and one wonders how much dilution would result, but provided Barryroe is developed, and possibly the two lower layers, everything should work out in the end, with Newgrange, South Dunquin and Avalon to follow.