Excitement is now palpable16 Dec 2017 18:00
From another place..... (for discussion only)
"4m+ shares are declared as short sold , these muppets are gonna have to buy back on relisting. I fully expect a big, big rerate therefore could be a decent trade to jump on as the shorts clamber for the exit all at once."
"Current sp 34p (suspended) ,gonna put this out there... it could do 3-400% on the day . world class assets with massive upside"
"Can you post the source for the 4m+ shares short sold please? Got a good holding here"
"They were posted up on Lse months ago and it appears there some worried individuals over there . Trying to deramp a currently suspended share"
Q: "Is there any element of truth, that there is currently a short on this stock for 12.5 million ?"
A: "According to euroshare yes as of june"
"Let's see how they get on with the placement on Monday. Then based on that I reckon it will be worth a shot."
"And expected to start trading again on Tuesday. Is getting in on the bell the best course of action here?"
"I hold already a decent amount.... however i will be on the buy button tuesday 8am , dividend paying company now that alone will attract II/funds to it . as it moves from minnow to a mid cap overnight. i really like the niger asset and upcoming (january 2018) fully funded 5 well back to back drilling campaign has a high 75% COS , as they have recent 3d seismic coverage and this placing has allowed them to keep their share at 100% rather than farm out .
also the above drill risk is also mitigated by their newly acquired production of 20k boepd and valuable infrastructure
so in conclusion i reckon the 40-50p with circa £375-400m market will be cheap. so very very short term i reckon without any drill success 60p+ ish if we get drill success 200p+"