RE: Logic20 Jan 2022 13:16
What a lot of the new arrivals are forgetting and banging on about the new discovery is that fair value was said to be about £1.30 before it was known.; And again, many, including myself thought that was a conservative figure..
Have a think about 2000bopd -5000bopd - 7000bopd on our current mcap and our borrowing and come to your own conclusions.
This discovery is not in anyway priced in, as loads of other stuff here. Including oil price!
There is some changing of hands taking place, something we don’t know about is happening, it’s not random trading.
Our asset value is completely removed from our current trading range.
Bwtfdik.