focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Looks like the jaws well is complete as the rig is on the move https://www.vesselfinder.com/vessels/VALARIS-122-IMO-8771629-MMSI-636015555
J1osf. There has been little interest really in the stock and we still await major events I.e rig contract. We are 3 months from drilling and historic evidence proves that as a companies share price does rise as the spud date closes in (95% of the time). Being as this is a shell drill, it’s likely we will.
This board have shown after 3/4 years what they are capable of....my assessment of it all is high cash burn and lost shareholder value. There is very unlikely to be a sale at this stage and an inevitable fund raise will be coming whatever way you look at this. Existing shareholder don’t have a chance but there might be an opportunity for new investors in the near term. There is value in Tanzania but short term funding is likely to be 0.45 - 0.50 at current sp. Hope I am wrong but I don’t see anything different to the norm with this lot.
Noquestionmarks. Good post...what I will say is Deltic will monetise any discovery and what better for any purchaser to work with Capricorn or shell. Very surprised we are not 4p plus now.
Hi. I am not a holder but the results did allude to a 12 metre gross oil column....it’s likely the net pay is even less. These results are very poor but it does not necessarily mean it’s the end game, and the JV might decide to drill again in 12 months with recalibrated data. It’s a long hold for retail from 4p but In the future I wouldn’t write anything off. Interesting what the next rns will state.