@ASXOAnalyst coverage and research reports + some self research....

@ASXO
Analyst coverage and research reports + some self research. TSO definitely has the scope, ticks all the boxes, which is largely why we ran circa 15-20x in 8 months. It wasn't retail that pushed up ... It'd make it even easier once the MRE is out (hopefully it is bigger then 2.5Moz).

What they typically do is have their top 15 pick, they'll allocate their % of investment to each, for example BGL could hold a 25% weighting and TSO 8% and as they get more investment in their fund, they'll undertake a pro-rata purchase of units based on their weighted port-folio. This will get adjusted based on news flow. For example, TSO announces they have discovered a 3rd Ternera, the weighting could get increased to 15%.

We have Pac Partners valuing us at 38c with plenty of cataylst to overshoot that target. When more liquidity from funds pump the sector we should see a violently rampaging run up.