Looks like a good opportunity to get in before production news. Looking at the trades and how this quickly moves, I wouldn't be surprised if we get confirmation via a TR1 that someone is loading up. GL
Must say I am very surprised at the SP currently. Really thought this would get back into the 0.3's at least today, possibly even testing the 0.4's. But that's AIM I suppose, lets see if it bounces back later.
Do we definitely need further money to get into production? I thought COSL, Schlumberger, ADD Energy and co were all going to get paid once we were in production. Hence the reason for being a part of the consortium.
Nav @ 1.5p, cash in the bank and making a profit. Very undervalued down here, one positive update is all it takes for us to get back to a more sensible level of trading.
This looks like a typical unloved share which has drifted far to low and is now oversold. Net asset value at the equivalent of 1.5p, £900k in the bank with the last placing at 1p and turning a small profit. Simple buy and hold. Could see an easy bagger here from current levels.