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Few sells to be expected. price hasn’t been up around these areas since late last year. it’s been a tough 12 months for AIM. some might be happy to see a gain, whatever the size. And some may need funds out..
Either way.. the best is still yet to come. And it feels it’s going to be big to me
Huge trade there today
Feels like seller has defo gone, that kept depressing us.
Alanadale, I reckon a lot will be thinking along same lines as you. An Isa investment into a co that should be debt free in a few month, and production of over 2000 bopd.
Producing 17% of all UK onshore oil!
Same as you Mike.
Sonangol wouldn’t even bother testing these wells if they didn’t have high confidence in them. Remember this is Sonangol’s flagship “return to onshore”for Angola project after divesting a ton of offshore assets (AET took some)..
They’ll release data when they release data .. I’m sure it won’t be too much longer.
Cash runway until mid 25..
Strengthens balance sheet ahead of working further towards commercial deals.
“The net proceeds of the Fundraising, along with the Company's existing cash resources, are expected to be utilised to establish the commercial proof of concept of the Company's LungLB® test”
You can still buy less than the fund raise..
Firming up nicely now. Should get above 1p soon enough.