"Zoetic International generated revenues of £1.15 million in H1 2019, with the natural resources division accounting for £1.12 million and the CBD division, which commenced sales at the end of June 2019 in the US and the beginning of August 2019 in the UK, reporting £36,000. However, it is the trends behind these figures that reveal a more accurate impression of the Company's future trading."
RE: Looking for an old oil sage or other respected elder09 Sep 2019 10:26
Too many unknowns on depletion at present, but as we would be drilling further new wells in 2020 total production in that and following years would increase, only held back by UK red tape which might be vastly reducing in a post Britexit world.
IF profits were £45m in 2020 and growing, share price 15 to 20x earnings very possible, so market cap at 20x could be 900m on £45m growing production and profits. So maybe 15p to 20p sustained. But AIM well overshoot way beyond that at some point. Will be well ups and downs, but gonna continue to be a great share to be involved in, many years of work, share placings, applications all coming together in next week, month, year!
New lows likely as the remaining natural resources investors wake up to the fact this is a new company, and all the promising projects that got them invested are up in smoke, and this is now a pure weed play.
I feel for anyone stuck long here, hope for the best but prepare for the worst. No volume at all time lows is either very bullish or very bearish, not facilitating any trade means change, when it comes, will move prices significantly. Lost a little here back when it was "the only production license..." Malcy had it so right at "uninvestable" last year. Now it is circling the drain...
Like many here I also bought into Angus to diversify my Weald investment. Always kept a much smaller position there despite their production license. Very fortunately closed out my last position in the high teens.
Today with our market cap 10x ANGS it appears the share price is about to become higher, and this is with 11x more shares issued.
Will there be anything worth buying from ANGS as our valueand free cash flow increases and very likely their market cap falls below £5 million and 1p price? Cherry pick Angus share of PDL143? Or will ANGS value soar with success of a second oil well drill at HH?