Hi lifo ,welcome to HC. I agree with your views on AYO .Drilling...

Hi lifo ,welcome to HC.
I agree with your views on AYO .Drilling starts next quarter and should see good rises . As they connect more customers we will see a rerating also . This has been a little slow as potential customers had to wait until their contracts with previous suppliers were fulfilled .We will see a number of new customers connected in the next couple of months. The options are due to expire in september and will give ayo 14 million dollars to pump into exploration and development . Given Turkeys unusual prospectivity for gas this will be more than enough cash considering the shallow land based holes are very cheap to drill .The chart sees the shares sitting on a major support line and given the strong fundamentals of the company ,with heaps of cash,and directors recent buying on market, looks like excellent bet.I hold AYOOA options for leverage .They are well in the money at 35c and are not running at a premium to the fully paids . Looks like a free loan till september to me.
Cheers Brenden