We need multiple news of deals with income numbers to drive the value higher. This seems a very friendless company with so much potential. Could end up a takeover target as mcap is low so likes of L’Oréal could snap up a bargain to own the tech for their own needs.
It is also possible there is a leak that the MF has been undersubscribed. That would also explain a drop. But what do nay mere PIs know? One can only speculate until facts are known.
If you believe in a likelihood of some possible significant dilution re the proposed W2T deal, it would be prudent to reduce holding for now and await the outcome of the deal. IMHO.
Apologies if asked before but how long is the anticipated time from spud to target and final depth? Just wondering what month to expect first news? I read somewhere it could take 90 days but that was before the confirmation of Perseverance location.
The drill sites are very near the Cuba coastline. Much nearer than Bahamian coast. Do the Cubans have any say or involvement in the EIA and environmental event testing process/outcome?
Positive RNS and still a lot to do so more frequent updates to be expected.
I see two risks mentioned in the RNS about emergency response systems testing and the environmental approval which could potentially but hopefully won’t delay progress.
Yes this share always seems to end up down after each positive RNS. Completely bonkers. Such huge potential if this management can keep making deals. SKIN deserves higher valuation surely?