Do the sums!10 Dec 2020 22:02
Total mkt cap today c£42M. The stake in Rathlin must now be worth north of £50M and then there's all the other producing wells and prospects. When the flow tests etc here are complete and satisfactory, the stake in Rathlin could easily be worth upward of double. Today's reaction was churlish but understandable. If you had punted at .40 with borrowed funds and could see .55 days after, you would be foolish not to say: THANKS and ta ta. I am heavily into these now and intend to hold until the divis start flowing at the very least. I would not be surprised if there is a 10 for 1 or even a 25 for 1 consolidation before a divi is declared and we could be sitting on a mound of cash. Keep the faith.