Last media report issued by RBS Morgans on 28.08.2012 says that there's little downside from $1.12. And short term price target is $1.50.
They attribute:
1P Reserves $1.12
2P reserves $0.21
High Impact Drilling Program $0.10
Maverick Drilling/Assets $0.02
Exploration $0.08
Cash $0.00
Corporate and other -$0.02
Valuation $1.50
It's now end of September and we're not there yet.
3 million shares at close, page-34
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