i had a dream, page-9

30cents would b nice but i am hoping for 40c...

am playing the 1/2billion pound market cap game with a few similar pennyshare smallcap oilers on the uk AIM market...
BPC (bahamas, similar to whn, although they have ISSUES !)
CHAR and TRP (namibia, new frontier with failed oil showings so far, but much third party or direct drilling over next 12-18 months)...

over the past 3-5 years have seen (at least on the AIM market) these type of penny dreadful smallcap oilers get to that 1/2 billion market cap while sentiment is high for this smallcap oil sector and then the individual drilling gets ramped up by daytraders etc... obviously we can see that the sentiment is now completely horrible... but we also know that these things tend to change for no reason at all... big players controlling the markets perhaps :-)
small oilers have been driven down to the ground recently, and its been like that for something like 6 months, so interesting times ahead i believe...

anyway, if WHN was to get to 1/2billion pound market cap, it would be about 40c (more like 42c, but i would take 40 :) ) using about 1850 shares on issue and about 1.55 fx rate...

once these companies get past that sort of figure in market cap, then u usually get the analysts saying... hmm... 1/2billion market cap for pennyshare with "prospects" aint so good, and it comes down... or even if they have some oil, they r usually still selling themselves on their prospects... so will be pushing some sell buttons if we get to 40c... although in a totally crap market (like it is now for these smallcap oilers) i would take 30c :-)