What I cannot get my head around is; A £2m cap company with biggest acreage in Namibia. If the blocks are good or not. Surely for a major would take a blind punt and buy GBP out for say £10M. Less than loose change for a major. They certainly would not deliberate for years. Hard to defend Peters lack of progress IMHO
BTW, I think the next major to sign up could well be with ECO
Not sure who you are talking about, must be on my filtered list...:-) Relax, its like tumbleweed town, so they must be posting to themselves anyway... Every village needs an idiot, be strange if we did not have 1 or 2
Truth be known, I dont know them personally. But was told by a well known oil blogger last year.... The main point is the slow progress in finding a viable partner in such a sort after postcode. How many years does it take. Other explorers in the area seem to have hooked up ok with majors.
Lets hope they have reduced admin costs this year, we must be cutting it fine finance wise. Is massive dilution a risk? I thought the big boys where falling over themselves to get into Namibia. Perhaps Peters is going to spin it out for 2 more years collect his wages and say thanks very much. Insiders seem to think Peters is on some sort of lifestyle venture. IMHO Lack of Nambia progress indicates something is not right. If looking for the "right" partner is key, Peters better get a wriggle on as the license clock is ticking
Get the frustration. However we have little insight into what "actually" needs to happen to ensure success next time around. Moreover I expect the SP to rebound strongly once we hook up, then another step up in SP on FOIL. Fingers crossed both milestones will be realised soon enough. 3 months from now our SP could be double todays
This is only going to rise on the back of decent sales, which look to be few and far between. £350 for the tester does not feel like a mass market price point
Kong, totally agree. Still waiting for the catalyst. When it comes, it will climb and keep climbing. You are not missing anything people say the same about lots of other stocks
The catalyst.... 1. US corporate / pharma 2. 7 fig deal confirmed 3. Nas listing
Take your pick, could be any one or mix of these, or one Ive not listed
I'm more than confident that the day will arrive. I hold 6 fig sum here and happy to do so
Personally a confirmed 7 fig deal, but understand the position with NDAs etc. All will be clear soon enough