I suspect a heft premium will be due on the renewal of the licence for XX. Guess some kind of raise may be needed to pay for it plus kickstart production.
RE: It is a strong investment case19 Jun 2020 11:36
This will be pumped again and this time I will sell out around .225p. Notice the bulletin board has gone quiet while they plan their next pump here it somewhere else. Traders like cash over the weekend so probably quiet here until Monday.
All oil producers in the region should act together and mothball all sites immediately until they are paid a fair price and all back payments. Legal action should be taken for the late payments and GKP's surplus cash would be better spent in buying another oil producing asset in a different country. It is a shambles and cannot go on.
RE: Financial Results may be turning point18 Jun 2020 23:22
Problem here was the magnitude of the consolidation. PI's love small value shares and we are no AAL. Without the consolidation, I have no doubts the MCAP would be double.