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Does anyone really think ramping and deramping on these boards makes an impact on the sp ?
I personally find CC very informative and obviously he does his research, yes he trades he'll tell you that but anything he posts here to at max a few hundred grands worth of holders isn't making any difference to the sp.
Think 10p by Christmas night be possible, too many factors to consider for it to be anything but a guess, if world is back to something like normality by then yes it should be 10p if any deeps are flowing then much higher, so the reality is anything from 2p - 60p by Christmas I'm sure that answers the question ????
Introduction
The board is pleased to announce that New Well 153 has commenced production.
Background
Well 153, was the second of the MJF Phase 1 production wells drilled. It was spudded in mid-February 2020, and reached `Total Depth' of 2,503 meters in early April 2020.
Recently the first of several prospective oil bearing intervals in the well was perforated. This 3.5 meter interval between depths of 2,232.0 and 2,235.5 meters had an initial production rate of approximately 350 bopd using a 6 mm choke. Currently the well is producing about 200 bopd as work continues to establish an optimal long term flowrate from this interval.
I think we are at or past the point were we can take maximum value from this company if and that's a big if we can get the deeps to flow as oil is quickly running out of time. Can't understand the laid back waiting game been played here or do they know they won't get them flowing so just hanging the bag out for another years salary.
Lots of smoke and mirrors here always has been the case, if the truth is bad rest assured we'll be the last to find out. Pay your money take your chance could go either way. However from here I don't think there is much more downside to this share, but possibly a very good upside albeit 50:50 IMO