RE:10-bagger in 6 months, what are the predicitions?Going to 0 has different levels. If Indonesia kicks us out or if there is no real oil/gas in the ground. It can also mean that we get diluted so much that our personal investment is worthless.
For the first point, I found the following article from a few months ago (sorry if it's already been discussed here, I am new to SNV and didn't read months of stockhouse posts). https://www.bloomberg.com/news/articles/2017-08-14/whatever-happened-to-indonesia-s-mighty-oil-and-gas-industry . While it'n not all rosy, I think there is willingness to attract investment so that's good.
For the second point, the last release confirms oil and gas so that's a good step. We will know soon enough just how much.
As for the third, well, that is in my opinion the biggest risk here. MD&A was posted 2 days ago and there is about 800k$ left. We already know there is a (up to) 4:1 consolidation coming. Those consolidations have a frutrating tendancy to permit more downward pressure usually as investors are willing to take a relativelly smaller hit on the sell. Question is, how much money will they need and how much will they get. I like the farm out option better than the private placement. We get a smaller piece of the pie but we also share the risk.
So as Mr Market pointed out in a previous post, it's more about opinion than facts at this point. My opinion is that the risk is high but the reward will be higher. At 6 million valuation, we most sure have a lot of room to grow and I, like you think it will (although I disagree with your good scenario though... no 100% return with farmout)
CodeRed11 wrote: Potential 10-bagger in 6 months and potential 100-bagger in 3 years
Good risk reward as I see it but of course we can also go to zero if the gods are aginst us.
5000 barrels a day and a 100 % return sounds like a pretty good scenario