View
they already have £440m in cash . wht they need string cash mangement. exit from non-core business as they said in statement. once news regarding this 2 issue come up , short will get closed.share will start move up .so it is wait and watch game
wht they need is 25% of those 1+ b£ receivable.
Not so sure, might be a bit high even
I've only managed to average down to 100p and I hold 1m - thinking about running for the hills as I can't afford a duster and an SP of 5p. I thought I might get an extra 10p back during drill but that now seems unlikley, and potential upside on discovery seems questionable at best.
This has to be the worst reaction by an SP to 2x farm-ins and the confirmation of commencement of drilling. I note PMO only added 100m in value after discovery. On a like for like basis if PVR come good that would only equate to 250m being added to PVR market cap subject to success – risk reward not great considering this equates to an SP increase of 2.5x on a 10/1 chance.
Interest picking up here since the increased stake in SatoshiPay. This could be an X-bagger.