RE: Strong buy11 Oct 2020 15:08
We could potentially get news on Saffron next week, even tomorrow, or in the next few weeks, this is what makes this gamble so exciting. At this stage it is still a gamble but an educated one for those that have done their research over the years. Saffron news could give a positive push towards and above 4p. That is before the Icemax sets sail which again is expected to add a few % to the share price. On top of this we are seeing more and more news articles with recommended buys. I believe the herd mentality and the FOMO could potentially push the sp way beyond it's true market cap pre spud. What that sp will be come mid to late Dec is anyones guess. 4, 5, 8,10, 20, 25p and anything in between is all achievable.
I remember watching an interview a few months ago where Eytan said that 3 or 4 or 5p are irrelevant. They are expecting a much higher sp especially if/when the drill bit finds what they have been targeting and believe is down there. It's only cost around 100million in seismic and surveys and everything else to get to this point.
Hopefully the little rise on Friday just before close was the start of the upward momentum we have all been waiting for. Be interesting to see where this opens tomorrow and what news lands this week and and in the next few week. I'm in and positive having done my research and hopefully by now learned who to listen to and who to take with a pinch of salt on this board. It's important to sort the wheat from the chaff.
Like I said earlier it is a gamble but one I am prepared to take in line with my risk appetite. don,t invest more than you can afford to lose and always DYOR. Good luck whatever your strategy as at the end of the day we are all here for the same reason. To make money.