Based on PM's current situation....11 May 2021 18:11
and compared to what investors were prepared to pay in August/September of 2019 (BTW at a much lower oil price and w/o oil find) buyers should be piling in!
Clearly, the EL has not yet been granted - OK; however, the grant appears to be safe and it doesn't look like it should take more than a few days or maybe weeks. And as I've said earlier: PM haven't yet pulled any oil out of the ground and generated revenues. Could it be that investors are waiting for that point in time? Well, wait then.
ATB