Thoughts31 Aug 2018 13:14
What is the general thought here? A slide because of no news or worries due to the Petrotrin deal?
Not sure it is the Petrotrin deal as CERP & TRIN SP's are holding and blue respectively.
My own thoughts are, we climbed handsomenly for that month up to 21p (I can't remember the exact price) and that was on the back of the hoped for 2,000bpd. As that target was not reached, the target discussed here and not by PB I hasten to add, the SP is travelling to where there is a percieved 'fairer' value. Once the 2,000bpd RNS lands here we shall climb again. That RNS though might not be until October so what will happen between now and then? My guess is that will find a level that the MM's are happy to let us languish, I'm not sure of that price, but I would say around 15p, and then we will climb again.
Before I am corrected, PB did mention 2,000bpd, but not at this time of the year, he has mentioned the year end for that target.