Big bounce coming here!14 Jun 2024 12:53
People endlessly stating silly things. They are confident of a good clean up to do the trick. They are confident in the resource. Remember this is one project amongst many too not just this one. To be able to buy this low is unbelievable. I have been stocking up and managed a buy (MM gave me bid price lol) at 0.94 yesterday and 0.97. One hint of established flow rate and we target the minimum of 10-11+ (10 x current SP) which was what should have happened. Sometimes explorers take a longer route but get there in the end. Patience here will pay! Often very difficult to buy and you get locked out. I see a decent recovery play here. IMHO DYOR GLA
‘Following reconnection to the production facility, a long-term stabilised flow rate should be established. We remain convinced that Erfelden is a material and potentially highly valuable onshore oil discovery with Best Estimated recoverable reserves of 7.2mmbbl. ‘