The saying suggests the market is never wrong, it does not say the market always follows logic.
Just because a risk / reward formula calculates current value at 70 cents does not mean TPT will trade at 70 cents pre spud, we are experiencing a risk adverse environment and this is the result.
I'm hoping we can creep close to 40 cents before we reach first target depth, till then let's hope London gets excited.
Spud sp predictions, page-7
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