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We may breach 17p which is a great result, we have momentum now and Brent at 64.08.
For all the faithful that held on, well done, let’s hope for a strong close to the week at 18p as it’ll be a great start for next week.
ATB
Agree, for LTH I agree it’s a pain but for all new comers it’s a great price to get in. I don’t expect a big drop once the OO is placed given how much income we generate. We are not in the situation where we need funds to survive that would justify discounting the OO price heavily.
I’m glad Amjad acted to resolve the issue of falling production. With Brent where it is this is massively undervalued.
This is just short term uncertainty, the building blocks are in place to rise past 18p soon, especially once all the debt has been renegotiated and the path clear.
Things look good, glad we got direction.
The equity raise is no major issue, Amjad and co will mop up most of it, what more do we want than a CEO who’s fully invested. £50m is no major dilution for the opportunities it provides going forward.
Brent is charging, our costs are low, very happy with my holding.
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Because it’s already grossly undervalued. We were at 16p when Brent was at $46. So a rerate is required regardless. Whether it tots up daily 5% or we get a quick gap up by 20% and then modest 5% increases from there on - no one cares as long as it starts moving.
Directors buys will simply add more attention to the stock and provide stronger momentum.
I’m just living in hope that Amjad buys in and then seeing the RNS flash in the morning. So hoping for £100k+ buys which normally show up late. But never mind, if not today there’s always another day.
Nothing in the short term will give the sp the kind of short term confidence boost that a large director buy would. Farinas £27k buy hopefully will be a start of things to come.