RE: RNS thoughts2 May 2022 16:09
I know plenty who are looking to buy this week, clearly many have been either predicting what I would regard as a small placing or they had a heads up about it. Either way I think there's more chance of 0.10 short term than 0.05, the cretins are clearly interested here turning up all of a sudden, good luck with your buy in price though lol ;))
Ask yourself this. Given that the value of both Chuditch-1 and Dunrobin assets have increased by approximately 100% over the past 18 months alone based on gas prices, the current conflict and short squeeze on supply (partly due to under investment) then all this will do is accelerate progress in the form of a JV from potentially several interested parties (which we know was the case back in Jan with the company presentation).
So not only has the value increased and interest, we also know potentially how huge Chuditch could be thanks to Shell and we have a 75% WI !!
So the placing pales away into insignificance especially if it helps us get to a potential JV with deep pockets...