With the rig now on its way to the drill site>Varadero location on Block 28/9.e< now is the time to take stock here and dig in for what promises to be a truly exciting time for Encore investors.
News from the city varies on just where the Encore sp will be after the next set of drilling results expect a steady increase as the campaign gets well and truly underway. A 300p minimum sp is expected to be hit over the next few months as Encore yet again prove up the Catcher discovery. Estimates and rumours of more OIP are doing the rounds in the city of London.
As you’re all aware the blog has been on a fantastic roll over the last 6 months with huge gains foretold and coming to fruition on ALL of the stocks high-lighted. Some have tripled some have doubled while some have increased from 20/60% and Dan’s prediction on Encore is for at least a quadrupling of the stock from when the blog first wrote about the company (EO were 48/50P). They look set to rise over the coming months as Alan Booth’s stated aim for asset sale/takeover begins to coalesce
Make no mistake here Encore will double from where they currently sit any news on takeover will significantly push the sp. As will further good news on the next set of drills. The time is fast approaching for the Encore partners tied in at Catcher to officially make their move for the company.
You can bet your last dollar that Encore will already be talking with potential suitors. It is nailed on here that a move is in the pipeline!
Hold your stock for takeover. News will begin to leak in the New year.
Dan the man!