You really need to patient with this one. We have heard it all before.
I believe this year the Penikat permits will be fully sealed with the appeal being chucked out, and provided we can drill it as soon as we can, this will be really be where the value add is not taking into account M&A
You might as well sell up if you don't like the share price, which to be honest there is only so much Kingsrose can do on that front. It seems like you'd be able to put your funds to better use in more short term investments, but this is not a short term endeavour, this is a real business being built, and one needs to really accept that and tune out of the day to day SP fluctuations. It will drive you mad if you think that is the case
I believe if we drill Penikat, don't expect the SP to be less than cash backing, crazy things happen but I reckon next year at this time, we will be in full swing and with significant value add.
You really need to patient with this one. We have heard it all...
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