RE: SP many multiples of 1p?9 Oct 2018 03:44
I've been reading the board and been here a while and of is important to not blow this out of proportion and throw daft figures out there. I even saw someone say that their mate calculated that the share price could reach £113, lmfao! That would be a dream but not going to happen (for a decade or so at least).
At this point, this is how I see it, a build up to possibly 1p+ before official news.
This deal is for only part of B12 and future deals will hopefully follow for other parts of the license.
The share price will definitely find a new floor with the first offer and then we will see what happens from there?
Zaza said that they ate in competition. But he didn't say if they both want the same thing (ie oil, gas, jv or farm out), so depending on what the structure of the first deal is, will have a big impact on the share price as well.
Should both Supermajors get in bed with FRR, then things will really start to look interesting.
I knew a bloke who's parents bought $20k worth of McDonalds very early on in the 70's.
My point is- Don't worry about a penny or two because when and if we get there, the company will be able to develop and grow. Once Georgia is well on it's way, FRR will most likely be in a position to rapidly self develop (if not all, then a good start) in Moldova.
It is then when people will really be able to make dreams happen!
However, before then we have to see what happens on this play and for SOD's sake let's get to 1p first and then dee where we go from there! But all going well, that could happen before October is out! Best of luck everyone