RE: Mirabaud note7 Jun 2018 20:17
Clearly the SP does not reflect the recent progress, increased production in Nigeria and of course100% success in Niger - with the latest result the game changer in terms of early production. Hopefully the next drill is 20m plus net pay as well.
So the question is why, we assume we are waiting for Seven deal to go thru, which of course is important, but what about Seven legacy bond holders and their short, medium and long term intentions, given they are the bulk of shares what they plan to do will effect the SP more than any fundamental in Niger or Nigeria. Has there been any mention of what is expected going forward ? This is a cracking share with so much going on but the worry is it's another Amer where a big seller destroys any uplift in SP.