Unfortunately
@Rex1 the Lundin exploration budget for 2020 has given the game away, as has the late selloff.
If you agree with
@10 's analysis then what's the strategy?
If you think there will be a selloff, what price is a bargain?
Has credibilty been damaged? What's the likelihood majors, who understand the internal workings of exploration departments within bigger development and operational juggernauts, will want to engage with PolarX management?
There is more info in the data room now than this time last year when, apparently, 3 majors had geos on the ground in Alaska Range.
Finally, what if Lundin is just a nasty, cynical, opportunitic big brother?
It is the major shareholder. It pulls out, the price collapses, it makes a bid that Ruffer, JPM & USG are happy with just to be rid of their shares and Lundin walks away with 100% of the prize rather than 51%! 12 cents probably does the trick.
All just speculation of course.
