Pre IPO price 4p
Opening price on debut 25p
Floatation price 46p to raise 14million to extend Jolly Ranch
Current fair value estimate 114p
Market cap 70.59 million.
Value of Cisco Springs investments 98 million.
Value of Vogel investments 75 million.
Desparado trucking now Nightfox 250,000 for a 50% stake with partner Running Foxes.
Centurion Project Kansas, 150,000 for a 50% stake.
Jolly Ranch Colorado, 40,000 acres cost 356,000 for a 50% stake.
Cash in bank 7.75 million.

As this EPIC opens on AIM today anything could happen. On the one hand you have traders trying to cash in a sixfold profit. You will also have a clambering of traders after shares because, firstly they could only get 75% of their allocation because of demand. Secondly at 25p this company is still way under valued.

lol..:))

Bought in this morning...2010 could be the year this really takes off? (imho)

HAWK has no power to fly, seems to crash all the time.

knowing my luck your probably right.. but I'll give HAWK a try..been watching this for a long time and have decided to go in...as a small time punt!

could do with you being right on this one.... hlyeo98...

you don't know which way he's jumping!

knowing my luck.... the wrong way..lol happy new trading year to you cynic..

I really love to see HAWK fly but it keeps failing at 45p - I think it's down to bad management.

the management always implies at least one extra zero when describing finds or production ..... it's called self-serving massage

I would like to see shareholders forcing David Bramhill out of management.

HAWK plans to drill 20 wells this year and there is a likelihood that may be re-rated. It may have an advantage that it has 4 million dollar cash in the bank.

won't last long if DB needs a new suit or two!

HAWK is built on a load of dis- and misinformation and hot air from DB ..... its wells produce barely more than enough to keep my car in petrol for a year

Can someone smarter than explain what is up with this stock. I have heard rumour of a re-rating and a target price north of 200p but looking back through trading statements I can't see any way that number can be justified.

I have traded it a few times for modest gains but is it worth holding in the long run?

All type of rumours circulating today after gains on th SP >>>>>>>>>.

DB is in the US on Osceola business
A larger 'W' formation arriving
There is one RNS forthcoming
L2 gone heavy and stronger on the bid
there to be resistance at 40

likely answer .... freak rise followed by usual doldrums and gradual subsidence

news out

What news?

News Here.