As I pointed out earlier, I think this was oversold due to an overreaction by some SH , as the recent IPO showed the company’s valuation at 20c per share and with only a $900k investment on Kanga 1 and 9 plays remaining , I would estimate we will see 15- 18c on the next target Ann and track up to 23c + as FDR progress to drill
it appears a few SH were in for a quick profit and happy to right off the loss and this will likely continue until month end .
We are seeing a steady flow of new investment moving in with the SP at these levels and there will be a few O&G investors looking to jump on board the next play and hopefully that is not to far off
GL
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