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.

drive slowly then

that's almost as bad as one my silly jokes!

Golden cross forming.

what usually happens then? can anyone tell me please

Just in case you missed this one:

Nighthawk Energy initiated at Daniel Stewart with buy rating and 102p target price
Business Financial Newswire
Oil and gas exploration companys attractiveness is a function of the commercial value attributed to its oil and gas reserves, says broker. Release of various competent person reports expected in Q3 will add transparency to resource base. 96 % upside to target price. Valuation is conservative, at a 20% recovery factor, and a valuation quotient of $1.8/boe, substantially lower than the average multiple on which the constituents of the S&P 400 E&P Index are trading.

Later-day RNS?

marni .... golden cross is when 2 major DMAs - e.g. 50 and 200 - cross over with both on a (strong) upward path ...... what happens then? .... as a rule, not a lot! .... however, it does imply continuing good upward momentum, just as a dead cross (the reverse) implies the opposite

thanks cynic

cynic, holiday good?

not a holiday old chum ..... only had a bare day off in 2 weeks, but good fun and a most productive trip

as long as you had a good time and safe and pleasant trip

anyway, good start so far for the hawk

I wonder if they are holding out until near end of day's trading so that this gets coverage over the weekend?

Fill Yer boots.

all very strange .... sp has tanked (have topped up at 49.25) though there is no obvious reason and IG advise not their peeps dumping stock either

cynic perhaps the terms and value of the deal are considered rather underwhelming in relation to HAWK's market cap?

maybe ...... damned if i know ..... far too complicated for my little brain

Perhaps it's 'buy on the rumour and sell on the news' activity?

Well as I suggested it was AST/SS.

Ascent doing well, they get 4% of the Jolly Ranch free as payment for their work for SS on this project.

Whats not so good for HAWK is, IMO, very good for AST/SS.

seemingly not such a dumb move of mine as sp (bid) has moved back up quite smartly to 52.50