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This will get down to penny level the rate it's going......Cmon Panr, let's be having some world beating news in the not so distant future. Would love to see £2+ in the next 2 years but that's what I was banking on , 2 years ago!!!!
This share is so excruciatingly painful to watch let alone be invested. They have alot strings to their bow but it's taking forever to shoot those arrows on the bull.
Seriously undervalued however the market obviously thinks different based on current juncture.
Generally I thought that the Alkaid2 results were decent....near expectations. The market wanted "exceeded expectations" but with those shorts already in place, its easy to punish Panr on any slip up. The fall is way overdone but no sure if it will climb back up so quickly, until the well is free of all blockage and hopefully they can materially upgrade the flow rate.
Well done Sunday Times for letting the big boys in for a cheaper price.
Once Alkaid2 starts producing, then watch this share race up to a healthy £1.50+. Oil price is relatively high, although down from its peak.
This share over the next 5 years will be multiples of £1.50 , so stop worrying.