RE: sp rise29 Jul 2022 10:53
Some people may laugh at Heid's one pound target this year, but this is AIM and sentiment can be a strong driver of any company value. When you look at the present share price, with the new broker, the £9,000,000+ in the bank, monthly $1,000,000+ revenue, sentiment is returning and I think we will likely see 35p very soon based on the present situation. Throw in a divi and/or share buy back, a very promising extended reserves report on Wressle and 45/50p is definitely on the cards. That's already half way to a quid. What else could help this to hit it? The West Newton CPR, commencement of operations to monetise the gas, gas that is there literally awaiting some sort of connection. So one pound with a lot of sentiment is quite possible, especially so if Shore Cap introduce some institutional investment. Share prices are not always about the assets and cash on AIM, although Union Jack do seem to have it all anyway.