Hahaha. I understand your coming in after IVZ but actually do some research before posting
The company is worth a pathetic 200 million market cap, with discovery all done, 40 million in the bank and appraising the largest discovery in more than a decade and production starts in March. Just comparing STX, WGO, 88e and IVZ our fair value and in comparison to the above 4 companies is a 600 million market cap which is 18 cents per shares. On appraisal in coming weeks it is north of 50 cents. This will keep running on the current upward trend.
88e 1 month before drilling discovery was a billion dollar company, STX 1 month before appraisal 6/2020 was a 400 million market cap and this was for a pathetic 0.3tcf resource.
Again and again companies worth multiples on MAY and this time around it’s appraising at the same well oil discovery was made and structural damage to the well caused to be delayed until now. 2.5 months left until appraisal and this has north of 50 cents for what’s about to be appraised. It’s running
MAY Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
