If they are so confident of a deal why have they raised at such a low SP. For me it just goes to show how much risk there is. If low risk / chance of a deal they would have raised nearer 40-50p
EAS10 - Why not buy up to 80 or £1. Answer - Obviously, because the opportunity is now I am not planning to hold long term and expect this to be heading back around £1 over the next 6 months. So will take a view in 6 months whether to continue holding or sell, depends on SP and outlook Could get a low ball offer at current levels or if current SP levels remain
Correct Sieveco, so Im still well in profit. Im not one to fall in love with a stock, If the SP starts to go against me ( 1p - 1.10p) I will start to take my profit, before it evaporates. But hey, lets see what happens tomorrow AM
H1 will be money in the bank. We have invested pre flotation. I expect ~ 3 x uplift on our investment, if we sell upon floatation £6-8M. Thanks very much
With current product demand and growth f'cast. We should be able to dodge any additional funding. Whether we can dodge a low ball offer is a different question
Relaxed here. People who have researched the company understand the value and drivers behind our business. If you have not done I suggest you do.. IP is worth more than the mkt cap, remember that
GBP will either wither and die (based on current BoD protectiveness or lack of) or we hit the big time and we will potentially 100 bag. Personaly I think the bet is a good one on a risk reward basis
Guys, dont get defensive, merely pointing out facts. What I say is systematic of the general O&G market at the moment. I will leave it at that BTW, my posts will not dent the SP.......thats just paranoia GLA
Good read and underlines the real issue. ie the plan has slipped 3 months. Is that worth an 85% drop based on the latest 10p broker buy rec (the url below is not the broker rec). But just underlines the true value