RE: SP15 May 2018 13:02
Just looking back to last year, in February, Cenkos produced a brokers note with a target of 66p and a 'fully unrisked target of 215p. So whats changed? Well we have two wells on ED now producing, further production rapidly gathering pace with ( hopefully similar results), possible downside is the deal made compared to what was expected but without the volume of dilution feared. The cash is coming in quicker than expected and we have a healthy bank balance to cover immediate costs and help fund other plays. DTu is at the 'tipping point' ( unsure if this is good or just a throw away comment) and Helios is probably a long term play but potentially massive and now rumours of ED2
Whilst the Feb 17 brokers note only lifted the SP from 26ish to 31ish we are now much more unrisked than that period, if Cantor provide a 'strong buy' recommendation.....who knows!! dont need deposit for Villa in Spain until next year, so no rush, GLA,