Picked up a starter postition at 4.4 based on today’s IP.
Still seems to be some selling pressure at these levels which may indicate an upcoming raise. Should be the last raise before revenues when it does come. At over $20M mc it’s not bargain cheap but I pulled the trigger based on 40% of shares in hands of management and a strong mix of expertise between them along with the fact Nigeria seems intent on attracting investment and offering attractive terms, for now at least.
SL1 Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held
