Youll find this share has a habit of rising and falling.
Its better to just bottom draw and come back next year, when its likely 50p-£1
Even valued on cash alone it should be around 20p, just on cash!
Cash 20p Add dividends from Poly shares, circa 300k a year, which you could class as risk free revenue Then add BP101.
If you valued the company on cash and Poly assets alone you would be 20-25p. Factor in BP101, and the IP, and the stock should really be valued fairly around 40-50p. But this is AIM and true value often not seen.
BUT, its these sort of stocks, if your patient and don't need the cash, can make you a fortune in the long term.
End of 2020, when BP101 goes to market, I am fully expecting £1 a share, and there is no need to dilute, given 19mil is cash we can call on!
This really could be share of a lifetime for many.
Coffeecups not sure I agree. 100k is around £10k, and looking at the buys and sells of those they appear to either be moving at a loss, or a very small percentage so I can’t see it’s worthwhile for any trader to be trading on 5% movements for £500
Although on the flip it’s been a rather consistent pattern so you maybe right also. Who knows!
Although reporting someone because you don’t like what they say is rather childish That’s what the filter button is for, not reporting as everyone would be reported every day accross every board It’s a discussion board ;)
Red enlighten me as to what we will be raising for after the £2.8mil in the bank, WN well tests paid for already up front. Wrestle and Bisc quick production with costs already mostly sunk bringing on free cash £2mil a year. Overheard under £1mil a year to run the company UJO won’t be drilling another well on WN imo. It will be sold and if they do, we have cash
UKOG however shares and loans like confetti for a few hundred bopd
Am I wrong? No. Who is the joker? Because you hide the facts? Happy to debate but clearly you can’t Tell me, has the company got money? No. Is it in cash saving? Yes Debt? Yes Raise likely to stay afloat? Yes
Pumped following by dilution .
As I say happy to debate but too many more interested with one liner factless ramps than disuss facts