26 cents was what i expected yesterday.... lets hope we hold this price and higher would be better...
Hockey El Porton probably going to cost close to 20 million to drill, I think I know why TLM may have not wanted to go further, the other partner, no idea...So there is potential for a new area that we might own, guess we could always farm out some of the next well to mitigate the risk, thats probably the plan.. LM 11 was very good, better than I personally expected and it looks like its success will spawn an additional appraisal well or two, perhaps expanding the LM field just a little more, and of course adding to the 2Ps inventory in time.
(As a side note just wondering why pxt hasnt had news yet, figured they would be the first, maybe they wait for LC 2...)
We will have to wait a few more weeks to see the end result on LC 2, but I suspect, we are closer to TD than we think, just from what Ive read in the news release. If we get success at LC 2, and we still are trading below 30 cents, then I would think theres got to be some kind of strategy put in place to take care of that potential concern, (an opportunistic bid for the company that undervalues its assets..). Im going to guesstimate and I would think we are in excess of 40 cents in terms of NAV, thats just my opinion, do your own dd, we may even be closer to 45 cents... Wondering what COCO thinks of the market activity today.. Ill give it to september for your price target.