I’m amazed that we are still hovering below $1, The market either doesn’t believe the announcement (somewhat understandably) or does not comprehend it. I had a crack at the 72cent sell wall on Friday with what funds I had available but I had to wait today for more funds to be transferred as this caught me off guard. Either way, I’m glad I picked up more.
I don’t imagine a CR happening given management holdings and also with LNG production ramping up – from what I can tell for them to test/complete ‘optimisation efforts’ and ‘fine-tuning production operation and control methodologies’ you’d expect to see full flow rates to achieve this.
I’ve been involved in gas train commissioning projects (never LHe though) and this is what I'd expect to see (speaking from an Instrumentation & Electrical technician background).
Another note would be that the “LHe production online’’ thread currently has 29K views so it hasn’t gone too far under the radar (hopefully).
Let's see how the JSE reacts.
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