'Texas isn't really big news' (??) I think you're missing the bigger picture....
More P1 reserves, as it looks like developments in Smith and RB-1 will produce, will underpin the SP further and generate revenue to support Georgia and Puntlands. A producing Texas lessens further dilution and creates exploration opportunities elsewhere with fewer shares needed be placed.
Don't forget new acquisition news due this week too. The email from PL received recently by a UK investor, clearly indicated that this new acquisition would potentially increase the value of the company by 50% - end part of the email below:
"You cannot create exponential value without spending money - let us show you the value proposition next week with additonal deal and people will see 15% dilution for 50% additional market cap value just on the new deal - we got texas deal right - shareholders should (and most are) back us to get the next one right regards p"
Potentially 15% dilution for 50% value if this prooves to be an accurate estimation. Happy ratio in my eyes!
It should be a good week ahead, let's hope the AIM's a little less muted later on... GLA
)
- Forums
- ASX - By Stock
- RRS
- holding up very well
holding up very well, page-7
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)