RE: trades7 Aug 2017 12:41
This appears to be the lull before the storm. I have added a few more this morning, all showing as sells, as I now believe Oyster will reverse into Polemos.
Reading the recent results, apart from £93k in other tradeable investments, all of the assets are either held in Oyster or in cash following the last placing. Whilst I would love the RTO to happen with Gunsynd, where I have a much bigger holding, I can't see it happening because they have a much more diverse asset base.
Of course, there might not even be a RTO and Oyster could simply list, but I understand that the costs to do this are a lot more that a RTO. Either way, when you look at the assets that Oyster have, I can see the valuation of the company being a lot higher than it is currently, and I would also imagine Oyster will give a significant update to the drilling programme to coincide with the listing.
All in all, I see this as a great opportunity to make significant gains in the short term, with very limited down side at the current share price.