Don't post very often on LSE or ADVFN and there isn't much to say that hasn't already been said but if you look at the market cap compared to:
-Assets held (potential resources and stakes in other companies), -Rebates due from various companies/governments -Actual cash
then it's quite obvious to see there is a clear discrepancy in value here. Once we get out of this trading range I expect a big & possible sharp move north.
My guess would be waiting on Beaufort money being cleared/people getting a bit bored and moving into other companies. I mean, literally someone has just said they are selling out. Also, there might be a wait to see what the next big news might be RE: new contracts.
could be a host of reasons but I'm sure it won't be long till we find out.
Good job Eddy, I was fortunate enough to get in last week (more so because I took a small hit on XTR - Colin Bird upto his usual tricks).
Have to say though that RNS looks really interesting so wanna see where this one ends up in the next few days.
RE: Still not quite understanding the12 Apr 2018 20:36
Ditto on the SP front.
This was hella good find - looking good compared to SD1X so I'm expecting flow rates to be atleast 20mmcf/d. Regarding the SP moving up, just a matter of when not if. Company can't do anything more than find gas.
Maybe 2017 year end results - free cash flow, working capital, receivables, reserve upgrade will start the move. Like you said, success after success hasn't done anything for the sp.
Because Eddie has bought some on the market, are we in a closed period where there is certain length of time before news can be announced? Not sure if I'm thinking of something or just confusing myself.
Big spud hopefully next week. Got some more at 47p, was a bit late so missed 44p but averaged down a little. About to drill 4 big back to back wells.
(Get the rocket snail GIF ready!)
How do you know the permit will be granted that quickly? In the RNS they didn't state any timelines which implies it won't be a quick process.
Hope it's that quick but I don't think it will be.