Well I have to be honest and say this board, or some other source which I can't remember, certainly misinformed me in regards to TOR Snr's holding and its disposal a long time ago
The key difference between BROE and upcoing drill if we do hit, is the amount of majors with interests in surrounding area which might drive immediate value. It is for this same reason I think we are mad as a minnow being the ones to try and prove the area.
Haribo - I suggest upside might only be even money because having oil is one thing, extracting any value from it is another - and we have proved incompetent at the extracting value part, and market knows that only too well. I do remain hopeful i will get some of my very significant losses back, but not optimistic
A 10/1 shot that, if a success, may only pay even money - that is the most concerning thing
A purchase of 750k shares from a supposed float of 30m without moving the needle - those who continue to suggest there is no liquidity in this stock are ill informed
I agree that we will not see full upside if Druid is a success because of a lack of confidence in ability to take to next stage. That said Druid would validate a much bigger area of interest than BROE and would offer significant economies to majors in the area - so we should see decent upside.
Somone with inside info using the end of year statement as an excuse for buying?
Oil has been ticking up lately - I wish we had some!
Thanks for reminding us Jimmy - lest we forget you have been correct for the last 5 years
only penny investors last couple of days - not very encouraging!