Post by
frank7717 on Jul 28, 2021 9:29am
Speculation with huge Upside
Bullish on this stock's potential (looking for natural gas). Yes, it's in Africa, and Zimbabwe to boot. Yes, it's pure speculation at this point (rather like Recon Africa). Yes, there's no proven reserves or any cash flow. BUT...a well managed plan of action, the govt of Zimbabwe is firmly behind the project, seismic starts next month, and there's money for the first well that will be based on seismic results. Area of interest based on original exploration by Mobil years ago. Mobil wasn't interested in gas (oil only), so they left (also the political situation was even worse back then).
The stock is dirt cheap at the moment, so even if it's a bust it won't be too painful. As always, don't invest in a speculative stock like this one what you can't afford to lose. But I think this is one of those, investing at this point, that a 1000% return is entirely possible.
Comment by
frank7717 on Jul 28, 2021 9:31am
Note: The OTC price is often unreliable, due to extremely low volumes. Normally you can pick up shares around 0.14-0.16. It mainly trades on the Australian exchange, not the OTC.