RE: Buys coming16 Apr 2019 18:11
Where do (genuine LTH's) see this assuming positive news flow?
4p = MCap of around Β£25m which is a 10 bagger from our current position. If we are producing good sustainable flow rates from both Stanley wells this wouldnt be enough alone. Champion and Challenger may need funding which one would hope could come from a loan facility supported by Stanley.
Critically my concern with Amadeus is that (as I understand it) our current lease expires in August? Yes, Santos are spudding as we speak but surely someone with greater influence than Mosman could string this out in their favour? What would stop Santos simply bidding for the lease in August using their size and wealth to take this from us? Presumably this is what would be attractive to a JV partner, getting the drill in the ground on the weight of the Santo results... this would be our route to Β£25m MCap
A lot to play for in the coming weeks and months but as always with Mosman never an easy ride.