RE: 7p by end of week31 Jul 2023 20:04
Let me break it down for the new ones who don’t seem to get it. And clarify for those lucky enough to have spare cash to buy now.
This share, this year, traded between 10-20p.
Works and purchases mixed with low winter production resulted in critical capital reserves requiring a brutal “going concern” RNS. The subsequent collapse of the sp was then matched for the need for immediate financing, which resulted in more dilution.
However, none of the assets have gone away that we had when trading between 10-20p.. equally the production then was lower than it is now.. and will be far far lower once things have been bought up to spec.
The JV is not priced in at all. Nor is any form of finance restructuring.
Some may say the injected gas under our acreage is worth more than our mcap..
A large number of investors have avarages of 10-30p+ and we have more now than we ever had then! Even with the dilution the combined asset worth of Atomic, Cuda & the discovery has to be AT LEAST x10 our current mcap!!???????
If any share is due a rerate its bloody copl!!!!!!!!