RE: Positive indicators6 Jan 2024 09:31
Is it really that bold? RH has already clearly stated the market cap is way out of touch with true value and that is plain for all to see. The only thing that has dragged the price down below 1p is funding concerns. With that fear alleviated then a full rerate will commence in earnest. All other factors such as production and gas price plus / minus 20% are immaterial in this rerate.
Add in however, 150p gas, optimised production levels, storage partner announcement, oil production, acquisition and and - then your £100m market cap becomes a possibility.
As said, it’s all upside from here.