Latest rns 31st Aug states “ Further to the announcement made on 31 July, the Company's audit process remains ongoing albeit is now very close to concluding.”
Hopefully once in profit 1600bopd+ will see the SP reflect a more truer market cap. 2000bopd gives us revenues of near $60m a year, the tricky bit is working out a market cap based on that when you factor in the debt, RBL would be very significant.
RE: Still a long way to reach AM’s last buy price.7 Aug 2023 08:25
I think Arts average is around fair value considering the more shares in issue. Higher production and JV to come, what’s not to like apart from the pesky bonds?
We can do 5000bopd on our own. As you say over $140m Revs, with the debt to be renegotiated and JV to come. NPV gives you a good idea what the market cap should be and that’s before Exxon get onboard. If posters are going to speculate on future value, then please offer a modicum of reasoning.