Hi momaka, I agree with you. Nevertheless nobody knows if the SP explodes on the IRR news.
Therefore I have no expectation for the IRR news in terms of SP movement. I only have the expectation that the IRR news will be very good as the news up to date. The IRR news (if a good one) will be a huge puzzle-piece! But if the SP follows that? Nobody knows.
There are many Oil explorers out there with nice reserves but as long as there is no production coming near term the MC is quite low.
So I expect that the SP of 88E will really go up when a major is knocking on our door with an offer, with a dollar amount offer as a fact. Then we can compare it to the current MC by that time and then we see most probably the upward potential of 88E.
I feel very comfortable with my 88E package. All I need is patience! Sounds easy
88E Price at posting:
6.9¢ Sentiment: Buy Disclosure: Held
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