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Exactly Mohsin, people just focusing on the negatives I wonder why ??
Happy to average down and expecting min 2p by end of Q1 2020.
Nice summary here by Aim Researcher on twitter:
#KEFI
? Signing for Tulu Kapi on track. Before 31/12
? Funding soon after
? Work actually already begun on roads
? Directors / contractors paid in shares rather than spending cash
? All conv loans repaid. Future drawdowns cancelled
? Discount so dilution small
#GameON ??
They have to release news, as and when they have it.
Thanks Superoty,
Happy to hold this till summer and get an 150% return, all going well. Your thinking is similar to mine but I normally top slice after spud.
Matd did great rise and the ones whom got rewarded where the ones whom brought at the lows and got X3 their returns.
Fingers crossed same could happen here!
They'll see out the current licences, so nothing to worry about.
Nice to see PVR director earlier too.
https://www.thejournal.ie/oil-exploration-irish-waters-varadkar-4821621-Sep2019/
"People Before Profit TD Bríd Smith has said the Taoiseach’s announcement today that he intends to phase out oil exploration in Ireland is “too little, too late” given that his government has already issued licences that will allow exploration up to 2035 and possibly beyond."
I would say end of Sept / Early Oct latest imo.
Check out their latest presentation a week ago: https://www.youtube.com/watch?v=9D_Oz7qEqNU
Low 2's is at the bottom, so limited downside from current levels.