RE: FIRST PRODUCTION About to Launch - RNS Due!18 Oct 2024 17:54
Milton help drive share price down in 2023 from there report at time - "Your Manager invested in a secondary issue by Petro Matad mid-year, a Mongolian oil business with some high impact wells.
If it performer strongly, the Manager anticipated not even having to wait for the drilling results, and so it proved. To date it is the second best contributor to returns and the Manager has been selling some shares at more than double the placing price.
This was 2023 so we understand why SP push down so much then and look like again now if what Mr Doc say correct and they are forced to sell for Ordinary shareholder Redemption.
With past Delay & Large holder selling no wonder SP at time under pressure. This year we see Redemption issue for Million BUT at same time we see Company move toward actual PRODUCTION for first time (and CEO $100K share BUY).
This just tell me that whatever SP right now does not reflect actual VALUE and expect major RE-RATE for this with full Miktoon Redemption (if this is case).
Redemption point for them is 5th November so do expectbthis to be complete before then - so about now!
Focus on OPERATIONAL DEVELOPMENTS never be more TRUE!
Many will lol back I think just like Mr Thornagasson point out - look like Milton give them very good, limit time OPPORTUNITY!
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