Coming together21 Mar 2019 19:15
I’m not that fussed about getting any sort of news for a while if we can pass through the low teens to a higher base prior to it. We just need the threat of news and sentiment to change to do that and it looked today as though the tide might now be turning on that front. The higher the base the less of a spike and fall scenerio and id rather rise from 15-16 on news than 11-12. Although non of that really matters as I’m sure news is imminent. If a cpr suggests anywhere near 300mmbbls it HAS to get into the mid 20s minimum valuing this at at least an initial 50-60m MC, anything lower is criminal and that would still be extremely low but this is AIM after all and when is the connection with true value ever really made.
Consistent high quality news over the course of the summer as expected (103 flowing at near 1500, 104 drill sourced and spud, repayment plan, farm-ins, acquisition, or even a quick sale of aaog should not be ruled out!) should see this nearer the intial broker target of 52p. Long and strong, my first sale here will not be in 2019 unless we are taken out! Exciting times. SL