Good job we've got rid of the traders. We can move forward to a more respectable value, which is gradual and sustainable. No spikes!
To me it appears we're in a consolidation phase with a steady trickle of buys now coming in.
Not a lot of shares floating about and we've gone NT this morning
I'm puzzled. Doesn't help the spread hiding the few buys we've had as sells this morning. I suspect this will turn soon. The MCap is out of sync against revenue and we have G6 news soon
If they do decide to close, it will certainly be fun. The fact that Matt has come.out and said no placing puts them in a difficult spot. They surely have to close you'd think
Currently producing 144 BoPD (net to NTOG), at $68 WTI price, that's an annual income of £2.7m. This doesn't even include G6 well and any future W/Os.
MCap at £5.8m looks very cheap
MYN are producing 137 BoPD currently. That equates to $3.7m revenue at $74 a barrel. At the lower end of our target, 300 BoPD, this increases to $8.1m annual revenue. Current Mcap £8.3m makes this a bargain