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TrayonRanger

9,544 Posts.

2549

27/09/20

09:09

Post #: 47655693
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Originally posted by P3rrin: ↑

It’s interesting to see differing views on these recent announcements. I’m surprised the sovereign wealth fund was happy to pay 90 cents per share given it has only just reached these high levels, they could have waited for a supposed ‘pullback’ but must be confident the share price won’t drop below those levels again. I might be naive in saying this but with a 23% stake they will help ensure the project succeeds as it is a small but important part of the country’s offset against the losses in oil.

These recent announcements provide me with even greater confidence that this project is going to be successful due to the strong support and stake by the government as well as the undivided focus by management.

I was doing some day dreaming with the theoretical/IMO future share price over the next 1-3 years ($5) and then 5-10 years ($10 or higher) depending on demand and supply. It sure is fun to dream! Very much looking forward to the next 12 months and in particular the BFS in <3 weeks as to whether it confirms expectations.

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"I might be naive in saying this but with a 23% stake they will help ensure the project succeeds..."

Oh please, more na·ïve comments like this.

And have a lightbulb for your early effort.

PM8 Price at posting: $1.02 Sentiment: Buy Disclosure: Held
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