just typical CR. Is always expected to reach CR levels, although...

just typical CR. Is always expected to reach CR levels, although i thought no retail component might have been a bit higher from cr.

Who is going to sell for less than CR ?

the value is there, the mc should be higher so its not fundamental holders selling,

but pip traders - it is the mechanism of a Free ride on options that is the source of sellers at 3.7 and above.

How many of the sophs in the placement actually see value? that holding heads will see bags in the right sector, right MC entry, right country, right historic drills ? right news flow ?

A question of how many of these placement shares, will just trade out, and how many will actually want exposure to real growth.

Its an insane gift imo, 3m EV for two historic drilled assets in great location, and again, all infrastructure, cheap electricity etc, to make real.