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If you are invested in GST to trade on the daily movements then GL.
If you are here for the expected spike in sp for the drop of FCA approval on the API licence, then GL, enjoy your profit & adios it’s been nice knowing you.
However if you are invested for what they are going to do/launch with said API then this is most likely the start of a much longer & highly profitable journey for you along with many who have been here a little while.
GLA
"Target drilling" Q1/Q2 2022 so it appears the current and ongoing surveys have identified shallow targets.
Deep targets 2D Seismic Q4 2021( That's now btw) with target drilling (Big rig) Q3/Q4 2022 sounds like they have been busy and are confident they have identified targets.
If anyone thinks they will simply enter around these levels the day before a Q1 discovery then good luck and ATB.
RD
ND, tbh I liked the fact they terminated Phase 1 drill campaign a tad early as they produced no shallow gas but gave them essential data, that gives them more time with Phase 2 that they sound like they are getting straight on with.
It appears they are confident of a sizeable reservoir at depth and are engaged in the physical mapping of the areas at shallow depth to ascertain the structure that sits above the fields, I think the market needs a drill to strike before confidence returns though, the potential upside v risk makes this an interesting bet atm. IMO
GL
Thanks PC, that would explain it, thought it was my maths :)
Why would anyone take up the options at more than current sp? Surely you would buy on the open market no?