I think it is worth emphasising the risk/reward profile atm. BUY has hardly reacted to the (so far) good news of Kiliwani or the successful ssp.
To me, BUY right now is quite compelling buying at 3.6-3.8c.
If Kiliwani DOES NOT flow commercially the downside is probably about 3-3.5c sp, but with Wisteria to drill later in the year, it is highly likely that the sp would then go back to about 4c before spud.
If Kiliwani is commercial then I would expect a doubling of sp from here..
They raised an extra $.9m over the original ssp goal so cash should be OK through to Wisteria.
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23 | 14286816 | 0.003 |
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Price($) | Vol. | No. |
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