Encouraging to see 4 cents again! Definitely moved up from the mid 3 lows.
Of course markets have bounced a bit which helps, however, a little anticipation with WHL Energy may also be starting to creep in now.
From a time line perspective, it would be quite reasonable to conclude that an announcement or update regarding either one of the farm outs, or the Palta 1 drill may be close.
It wouldn't surprise me at all if the share price has already started its drift back up to around the 5 cent level. From there, 10 cents plus is very do-able with the right news!
At an earlier stage, I think it was the general consensus that WHL Energy is the sort of stock the market is aching to latch onto - an excellent energy sector/East Africa region play with global attention with massive upside going forward.
Reports have also indicated that it is this early, formative / development phase where significant value is added - well before a (Seychelles) drill ever commences. That said, the bonus is we do actually get a drill near term this year in the form of Palta 1 in WA. This I feel is actually a bonus of sorts and will get things moving for sure!
QFY Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
