Agreed Ewob
Near term price drivers - Up
- Nearby land valuation at $17-21k base price undeveloped have us at 6.6c a share excluding asstes outside PB.
Production based valuation is a whole new ball game
- Valuation as a result os first 5 well results ( or at least 4
- JV/Asset sales will establish core value of our assets, and potentially see a value rerat
- Horizontal drill result through March will be a potentially large price trigger if successful
Near term - Down
- SPP share dump as commence over the last week
- A dilutionary conerstone style investment that pushes shareholders to one side
I am happy with the potential, but must admit very nervous re my oppies. Just feel August is goning to be a couple of months short
Time will tell I guess
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entitlement issue prospectus, page-155
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