RE: Normal Trading?13 Jul 2019 13:51
rxdav,
Think we're more or less at the bottom now.
Taking the 26% of gross values of the Brockham RNS and adding in the subsequent placing gives us a net book value of about 2.25p, so the current price already represents a 46% discount to that.
Markets anticipate, so, provided there are no major delays in the Balcombe and Saltfleetby authorisation processes, would expect to see the share price recover as and when progress is RNSd.
If and when the market begins to believe in the Saltfleetby projections of £2-3m net cash flow, then the upside is obviously substantial, given that the current market cap is only £6.6m!