RE: 70p target14 Feb 2026 17:44
AI view FWIW......
Current Situation (As of Feb 13-14, 2026):
Share Price: Trading around 24.5p - 28.75p GBX.
Status: A minor technical issue with a Variable Speed Drive was resolved, moving the company "closer than ever" to production.
Production Timeline: First gas is targeted for Q1 2026.
Potential Share Price Targets on Production:
Near-Term Target (Production Start): Discussions among investors indicate a target of 70p is considered fair if production ramps up as planned.
Optimistic Case: If technical execution is flawless, some estimates suggest a potential for £1.00+ per share.
Analyst Consensus: Some projections have indicated a high target of over 90p.
Conservative Case: If there are further, unexpected delays or cost overruns, the share price might experience volatility, with some views placing a range of 30p-50p until full, sustained production is achieved.
Key Factors Driving Price:
Revenue Potential: The Rudyard field is expected to generate significant net revenue ($115 - $220 million over 12.5 years).
Offtake Agreements: The company plans to host partners to finalize offtake agreements, which will likely de-risk the project further.
Funding: The company was fully funded to production as of mid-2025.