Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Normally yes, winter means sell off, but this year we have oil ! My view is about 4.2p was as low as it’s going 12th should fuel a good rise and put an end to negative speculation on placing a and 2020 plans
Duster, I think next Tuesday will prove you wrong on all counts. Simple logic for me is - is the Heron find worth more than 4 p per share, well on evidence from all those in the know and the market that’s a yes and likely 2 or 3 times undervalued
Think the 12th will be big and last RNS said rapid analysis, so expect a big reserves upgrade update on production licence (Formality) depending on funds if negative then I think heron going on production will nudge ahead of velociraptor in the 2020 programme. On the positive side many millions to go dinosaur hunting, and a free carry on 50% of heron thanks to Petro China.....
Personally can’t see it as think they will put heron on production then get a normal bank loan type arrangement. Mind you anything could happen. I just can’t see a lot of IIs and directors doing a 10p placing for another to come along more cheaply
I ave to agree some blue starting to come through and market will be expecting news on the 12th or before. Just hope Mike gets his positive boots on ! Can’t now see this falling much from here looks to have help up better than I thought
They suck enough oil out of Alaska each year so don’t think weather will impact future production, but transportation of the oil will be an issue. Still can’t see a placing as think a link with PC is sensible, but then for 10p they could probably buy the whole company. Now we have found oil I think we need a better “ sales” expert on the board as Mike is hardly charismatic, even great RNS announcement read like an obituary. Hope they fix this sharpish. To be open I sold after the discovery RNS and the slide south. I’ll be back in here around 3.5p GLA holders
I don’t think there will be a placing, but I also don’t think much will happen until 2020. The rappers and derampers are working up a trading position that’s all, they know sod all. I think this will come good and hit north of 20p this time next year, but can see it falling to mid 3ps in short term.