RE: One last comment6 Sep 2018 10:13
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.