RE: Think carefully before you Sell!!!21 Jan 2022 14:35
It is a conundrum and you do have to ask yourself what is really happening here.. not that you’ll get an answer..
Perhaps it’s just the recent low production figures or the lack of licences yet to be approved or the cpr confirming the find. Perhaps it’s hesitancy on the cuda situation or concerns with borrowing against current income. Perhaps we are seeing a placing, or just still churning the previous one. Perhaps there is a major loading up at an agreed price. Perhaps it’s Russia conflict worries for the market in general though I see that as a positive for us indirectly.
But the weird thing is that we really should be valued higher than this even with all the above having an effect. Our current production is set to increase dramatically, cuda yes or no sort of good either way cash flow wise, the new discovery is mind blowing even if half true, and we have cash in the bank.
But then aim or main market it makes no difference. With no Tr1s we don’t even have a clue about most of it.
I remain perplexed at our current sp and mcap. But what can we do except buy, sell or hold. Fortune favours the brave.