I call it 1.25 based on the 1p alone, and kooks has mentioned the rest of the upside.
I have given my calc preciously.
Others suggest 80c, i would like to see a calc, same as kooks on these numbers.
But i think we can agree, that it is more than 39c.
And probably more that 55c, so to whoever, even the trader, that went long, and still holds, just needs to wait for the wheels to turn.
The only risk, is that there is a no sale.
But, the lower 1p, as i've made this point numerously, as has kooks above, that the discount, will attract more buyers, who see the play as buying 140 1p, and waiting for the gas price to rise, to be able to re-do the numbers, and have more 1p, then onsell.
Whatever, it makes it cheaper, and will attract buyers.
The argument is there, based on reason, that we are moreso likely to have the wheels turn to completion.
There was solid buying and rejection of the 32c lows yesterday, and note that high 30's, is the level at which we acheived before the trader entries the last 2 weeks,
MAE Price at posting:
39.0¢ Sentiment: LT Buy Disclosure: Held