CND 1.72% 3.0¢ condor energy limited

Woooooo Hoooooo go GLV :)$$&&&, page-103

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    The market will have to rebalance what it considers, while we have a large offshore block to develop targets and JVs etc, we also now have this existing discovery to commercialize.

    So rather than a pure exploration punt, as IVZ climbed through its pre spud period,, we have an asset in hand that is more in the camp of how to move forward to commercialization strategy.

    So in one hand we are still a company that can JV and explore the new targets into pre and post Spud new discovery.

    And in the other hand, we have an discovery in hand, which lends its self to the next step of commercialization.

    What is each hand worth ? Surely more than the nominal 20m mc. Has to be considered transitional as we were at 10-15m mc, surpassed into new hands who are looking to ask higher valuations as the company takes to task to address both hands. New Discovery / JVS + Commercialization pathway of discovery in hand.

    IMO The promotion of both these hands, can attract new buyers who place a higher value, than the price points who are taking profits. It takes time, and why charts never go up in a straight line. There are always those who take profits that provide that liquidity. And it is a necessity in markets to provide that liquidity.
 
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