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Yes - the price then definitely indicates buys. RNS anyday now.
Well it's certainly beginning to feel like something's stirring... at last.... hopefully RNS Monday.
Yes thanks for making the call Elland. Encouraging! Enjoy the holiday. Let's hope that RNS comes soon
Where is this now very overdue RNS?
For an update on the rig THIS week
Well in one sense a takeover at 1.00 and associated rally on any news of said takeover is o bad thing if we think the best we'll get to is 70-80
Munch - You've said a few times that you think there'll be a takeover at 1.00. Still think that? You've also said you're out at 70p. Which view do you hold the strongest or are you of a mind to bail at 70 regardless.
Yes I've been in since early 20s (well in and out a few times) but was fully expecting to see 80 by end July and 1.00 by end summer with all the expected production. Yes I agree there could be a takeover being lined up (although that could be positive for the share price once news breaks if a moderately fair price is announced). It does seem to be tough going but having revised my expectations - I would like to see 70p on news of drilling...
I would've expected this to hit 55 this week tho...
Yes I agree, it's all about production. We need an RNS
It did mention 1 month to complete the work up before drilling. News of spud should be anytime now. This will be hugely profitable and patience is key.
It really does depend on news. Any news of progress and it will bounce right up. Or indeed if any buyers now wade in as it's ridiculous value.
Yes it's not great. Could be strategic tho. Make sure everything is buttoned down before the next big RNS. News of spud should see this go to 70 and then to 100 plus on production. Still think this will be by the end of summer. It's a bargain.
I think regardless of whether it drops back below 50 or not, as soon as news breaks on the drilling it will climb. I agree 1.50 may take time or be a long shot but 1.00 is surely to be expected here.
I agree!!
I've not seen any news on that. Do you have a link?
I expect the board will be keen for regular updates now... and on news of any progress the price will steadily climb. Expecting big increases of production to see this head to 1.00 plus over summer. It's a matter of patience. When this rises it will do so quickly I think. Clearly undervalued even with the dilution.
Where do you see this share going now?
Cantor reiterates buy with target of 149 today.
I can't see why it won't... I'm expecting to see a significant flurry