I honestly believe we are very close to the peak of this share price before hitting oil unfortunately. Best estimate would be 0.11 +/- 0.02 by spud.
Although I can't be bothered to do the maths on ratios of market cap to price ---- relative oil companies such as FAR or CVN experienced very little growth week's from spud.
Like I really do want this to rise up to $0.15-20 by spud, but it just doesn't happen for ASX companies. Given the duel listing hopefully the LSE investors can push it and lead the way for us. But I think we all need to be a bit more realistic (I'd love to be wrong though!!)
RMP Price at posting:
8.5¢ Sentiment: Hold Disclosure: Held
