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Something has to give. We could see 0.00275 broken today.
If the next RNS is positive, it will simply double in value on sentiment alone.
If you believe the hype, there is more than one positive RNS due in quick succession. It could get interesting over the next days and weeks.
Disclaimer: GR is involved....
I wouldn't put the mortgage on it! But there are some who may end up mortgage free and then some in a couple of weeks. all being well.
I don't think anyone has the answer to that question to be fair. It may well hit 1/2p (half a penny) on Thursday afternoon. If the EPO lands Friday and is RNSd early next week, I suspect that with the JV news some expect on Thursday, the sp may well hit 3/4p (three quarters of a penny) or 1p next week at some point.
Worth pointing out that none of the above is guaranteed IMO.
@MISMIS, I am as sceptical of anyone here regarding the progression of the EPO.
However, when taken together, one can only assume that PREMs EPO is in the pile waiting to be gazetted. I will still only believe it when the RNS is released stating it has been granted, however, the word "all" in the RNS would indicate that PREMs is included in the comment made by the Minister, as documented in the meeting minutes.
Let's see.
My bigger worry is what GR is planning. He has a track record of messing things up to the detriment of PIs, despite what at face value looks like some very good news about to land on Friday.
@dazza I agree we all want it to rise. But 50p?. I doubt it.
This week may I suspect it may rise by 200-350% and sit at that until Friday.
If the PREM EPO is confirmed at the end of the week I suspect it may hit .005, or perhaps .0075 if a JV partner is confirmed at the same time.
If there is a hint that GR will be stepping aside, I suspect it would rocket past 1p.
But there is a lot to line up for that to happen. Starting with an RNS stating that PREMs EPO is granted. If that doesnt happen, it will fall dramatically and in my opinion, it's not nailed on.
Agreed. Best post on this BB for a while. A non-emotional opinion.
I agree its looks highly likely that the EPO has been granted but cannot find anything that definatley points to PREMs EPO being granted. We have been here before. Clearly some EPOs have been granted, hopefully PREMs is included.
We simply await official confirmation.