Pensana Rare Earths – following massive upgrade of resource at Longonjo, where next for the shares?...
And this is why the AIM casino is such a farce. The interests of fat cat directors are simply not aligned with those of the owners of far too many companies, that is to say mug punter shareholders. Maybe they cannot be arsed to read Annual Reports but they should and they should be revolted and revolt. Meet Peter Hill, the CEO of casino listed Global Petroleum (GBP).
Namibia is tipped to become a major new oil province, but thus far there hasn’t been a single commercial strike on any of the exploration drills. This has caused wild swings in the share price of the companies drilling there, especially the smaller AIM listed outfits, and that looks set to continue this year with more activity planned targeting billions of barrels of oil.
Global Petroleum (GBP) has a relatively low cash burn and right now has more cash (£14.8 million) than, at 6.625p, its £13.2 million market capitalisation.
Where is the value in the market? How about a company trading at a discount to net cash let alone Net Asset Value.
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