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ignore this BS
if you've reached your target sell to derisk, to not do so is the very opposite of investing.
plenty rose this from the 2p days all the way to the 9s earlier in the year and then watched their profits more than half.
there is a strong news flow due in 2019, so there should be more opportunity to see rises here, especially with the low free float. However derisking is always worth doing.
Oh dear
You've got to ignore the price per share and look at the MCAP. £5m for the assets in hand; - The National O&G of Trinidad is being restructured, the industry is going through a massive shift and a lot of money relies on it. CO2 EOH is seen as one of the possible solutions and PRD are the only company doing it. - The worry about future gas supply in Ireland and the fact that PRD own a field bigger than the Corrib gas field which Shell sold 45% of $1.2bn and ask yourself a question? Does this sound like a company that should be valued anywhere below £10m/£20m/£50m/£100m? It's not an overnight 10 bagger. Think longer term. For clarity, I wasn't in the IPO, but I've taken a bit of profit, but the majority of my stake remains. Majority of sellers will be IPO holders.
Bonker - where we going from here?
no advice given, ive 65% derisked back at 7p for whats its worth. always protect your own capital and avoid the noise of others
Who said that? If someone on here and you believed it then you need to take stock (no pun intended). The company will release news when they have it. Most people saying "news due" "licence due today" etc are ramping. unless they are inside then they are breaking the law. There is news due on the licence, potential fund raise, further drill results etc, but they will come when the company is ready
Look at it from a money perspective only, forget the long term. Protect your initial investment at all costs, this applies to all stocks. A free ride is better than no ride IMO. Re-read your research and make your decision if youre still not sure. I think the company will potentially raise some funds, and why wouldn't they off the back of the recent rise. Look at the historic placings, never at a huge discount.
Its s simple as that. However there are not guarantees as to where that funding is coming from. Could the company pull off a masterstroke and get finance from the bank, or is it cap in hand to the bucket shop post consolidation/capital reorganisation? If the business model is as strong as the BOD has stated, in terms of breakeven early next year then bank finance is a possibility. Its a big IF though. Company still reducing overheads and any extra new contracts are more than welcome, especially from larger organisations as should result in repeat business, which is the lifeblood for a company like Strat Aero.
consolidation required. cant issue new shares unless they can get 0.1p per share
Finally results are out. Mixed imo.
looks like it
I think the results are Solid AIM just doesnt recognise a good honest company, would rather allow stocks to be ramped to high heaven on thin air then collapse. at least some buys returning this morning, could finish blue at the end of play?
Could easily be 1 30-40% increase in cash build if record production continued from last qtr. MCAP still low i feel based on revenues and assets in hand. I do find it odd though, they employed a PR company last year (ALMA) but there has been hardly any PR from the company since :D
Lets not beat around the bush. The company needs cash, so a fund raise will be required. However what is unknown is how that money will be raised. Will there be a placing in the UK at a significant discount? Will the company use their american connections to raise funds at a premium based on future revenues and expansion plans? Will they be able to use a debt vehicle offset against future booked revenue from the bank? Until the company announces anything we are all in the dark. The company has been building nicely, and according to last podcast the monthly cost is around £200k-250k, which is peanuts moving forward. Profitablilty is just around the corner. Then the hard work starts to maintain it.