So a large low priced dilution of our imminent income streams (UK definite, TX likely) is to our benefit??!!
When the income streams come, this will rerate to a fair market cap/PE.
Instos can join us after that if they are so keen. after 2 years for many of the current shareholder I am sure the instos can wait another 6 months.
What is holding this back is delays. We all know that. But after a year delay, whats another few months?
Do people really think the market cannot value a stock correctly without the 'big boys' on board?
Just look at the latest preso. Still no detailed info!
Not even showing these new prospects that they MUST have seen on the siesmic preprocessing. No detail on the new types of plays. No info on where the two wells are likely to be. I hope both offshore because clearly more gas at KN will be a waste of time with pipeline capacity.
Facts first before I (for my part) I allow new shares.
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