There would be a struggle and it’s going to get tighter, buy and hold.. 30p is easy target here just look at comparables between TRIN and CERP, £13m here vs £45m+ for each and TXP should be on the middle.
It could be that CF are perhaps offloading their final few taken some tight stops and jittery uneducated PIs with it.
No reason to sell, infact this morning is a reason to buy.
They’ve appeared on mass at Savannah Petroleum of late, i take that as a positive..
They’ll appear here too when they catch wind at which point we’ll be in the 20p ranges.
Consolidation Eddie, builds bases before moving.. nothing goes up in a straight line.
Plenty more upside here yet, it’s clear the story is still not fully out there yet.
Ismailq the reason they are valued where they are is lack of PR which they are addressing hence the latest articles, interviews and now investor webinar tomorrow.
This is why you load up and let the market come.
CERP now at £44m and TRIN at £55m.
TXP on fundamentals sits in the middle so on a balanced value £50m should be attributed to be aligned.
Even £30m is nearer the mark so 100% rise from here at least.
£14m is current MCAP.