The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Pickledpeck your maths checks out. I think that right now the sheer size of this seems too good to be true to a lot of people, but all of the news, all of the BoD buys supports the idea that this really is an ocean of oil
I’m with you on that Wolster. What’s the harm of sticking with it when it will grow our income massively and continue to finance our other endeavours.
Also, you can guarantee anybody looking to buy it would want to make a profit, so they will try and low ball as much as possible anyway.
30p sounds a bit more realistic for right now, but we are going to move very quickly to verify the finds in CPO-5 and once those projected reserves start translating into BOPD from wells... 30p will be very undervaluing
How long is it before somebody like Bushveld comes and takes over just to secure that vanadium resource...
I think it’s fairly clear that Amer is very undervalued at the moment and minor drop in SP I can only put down to investors who expected a start of the week RNS and don’t want to wait. I have not seen any information that would negatively drive SP, I have only seen positives of which there have been many.
There will be news, in the last update it was very clear that this month is going to be a busy one, I am not really interested in what the SP does in the interim, if it moves in the right direction that’s just a bonus.
I think back to Malcys interview... the production in CPO-5 is sold there and then at the well head, that’s money straight into our pockets never mind the pipeline. Then take into account that we are going to drill more from the Indico pad...
Our production is increasing exponentionally right now, therefore so is our value. It’s a matter of time before the SP reflects that, I’m just glad I got in while it is undervalued.
Not to worry, I’m sure there will be plenty of news to keep boosting that SP through the month. Should also find out if they are going to drill SOL using an extra rig. I have a feeling they will as they want to prove this as quick as possible now.
Also, I think about a comment I saw on this B.B. not so long ago... That Oxy didn’t pay 93m for 50% of a cabbage patch. We have so much potential and the SP is totally unreflective atm.
Patience, value will win out with time
Above $58 now! Bodes very well for us, patience now is key
Chasing the corridor.... I think this kind of wording from ONGC could really whip things up come Monday morning, even with no RNS I think there is going to be a big wave. 30p by next Friday me thinks!
Further supporting the idea of an ocean of oil!
I strongly believe the value here is going to be in excess of £1bill. I trust that Wardle wouldn’t let AMER sell out cheap.
We will just have to wait and see how the next few drills go but I think Indico was just the tip of the iceberg judging by the amount of times I’ve seen the word “TRANSFORMATIONAL” in RNS, coupled with strong BoD buys!
£600m...And the rest!... an ocean of oil!
Not worried about the drops and I’ve got full confidence there will be a huge wave this afternoon, can’t imagine anyone wanting to be out of the loop going into the weekend with such exciting prospects looming!
Apologies, $57.04... it’s on the rise again!
Brent Crude up at $56.93, it’s all coming together now!
If they were yesterday but the RNS was today... then what about that 400,000 at 16:19 today. It is the last published trade and it has got me thinking. Could it be another BoD buy in??? That would be fantastic!
I think we are going to have a very busy morning, but I’m unsure if we will close the week with an RNS. However, I think there could be big buy ins going into the weekend with a lot of speculation on a Monday RNS.
Certainly hoping the momentum continues as people wake up to this fantastic Opportunity!
Apologies, I forgot about that Dana bought shares earlier in the day.
The 400,000 trade? I think you might be right and I have a feeling monday is going to be a gusher when everyone is back to work! More good news on the horizon!
There is clearly more good news to come here, no reason why this shouldn’t continue to climb right up to the Sol spud. We are in the midst of an exponential increase in production at a time where oil is beginning to rally from the OPEC cuts.
Patience is key, this is a billion dollar company slowly being realised before our very eyes.
I’m re-reading the RNS and I’m starting to wonder...
“The LS3 sand package is the same formation which holds the 120 feet oil column discovered at Mariposa, which lies some 6.5 kilometres to the northwest of Indico-1.”
In layman’s terms, could this potentially mean the reservoir that we have tapped into at Mariposa and Indico-1 is actually the same reservoir, I say reservoir but that’s more like an Ocean. Then other information in the RNS about further drilling plans... it almost seems like they have discovered something so unbelievable that they are now in a hurry to drill and find out for certain if it is one big Ocean.
But I’m certainly no expert, maybe I’ve just watched There will be blood one too many times.