RE: RE: Very nice deal.Reserves double while share count only goes up 35%. Very accretive.
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$12 seems low target - that's just based on what they have now. Still an active drill campaign coming up in H2 - I'm particularly interested in Trinidad, where few seem to be paying much attention.
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And from the postponement of the Quarterly CC until the deal closes, I'm sure management is holding back on potential for Kona and other blocks.
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As you say, tuck it away and wait. One of my biggest holdings now. $ 7 is a gift imo.