RE:BonusVery pleased with the run up. I agree that Mimi Lai (et al) did a great job of getting the lender to the table in December 2020. I bought shortly after they announced the new lending facility because it was then reasonably clear that they weren't going down.
The lender still owns 34MM warrants @ $0.0192 until 2028 which means potential overhang or perhaps they wait for another deal to happen before they exercise. They should see a good win.
Watching and waiting for new PPR well locations every day. Their hedges do impair their CF but you can't hedge the output from wells that haven't been drilled yet.
They seem to be on a good play at Princess and the EVI base production pays the bills. Michichi can provide consolidation opps and new drills for PPR.