Watching the news looks like Russia are willing to step back and works out a solution.......Abramovich and Co must have been making a few calls to Putin.
Good news and I think we will see a significant move here. Buyer for 20% at a min £25-30m now with prices of gas with a carry on the 5%. Lots of guesswork, but I think it will be ARA that shows their hand.
Gas is worth a pretty penny now and with tensions building in Europe expect valuation here to get to 100M. I do think Scirocco with its 25% holding will get a decent return from interested parties - just hold onto these gold tickets!
Mms have filled 2 very large orders of 200k and some other larger buys today. We should have a holdings RNS - lots of interest at this level and with Brent topping $103 loads of investment in black gold again!
MMs played with the spread to fill all those large buys this morning - time to add or average down I feel , as news will certainly give us a shot in the arm
Plenty upside from here - just add and hold. Patience will finally pay off after a number of years delays. Ruvuma is a legacy asset and Scirocco will monetise it