Oneiro Energy has raised enough cash to finance the search for an energy acquisition and undertake due diligence on a target. A gas asset is preferred. The first deal could be used as a platform for further acquisitions.
NAV is 2.4p a share. The share price finished the week at 6.75p (6p/7.5p). There were two trades on the first day worth less than £7,400 and ten trades worth less than £32,000.
- Advertisement -
There is no reason to chase the share price any higher.
==========
Oneiro Energy (LON: ONE)
Energy shell
- Advertisement -
www.oneiro.energy
Market: Standard list
Placing
Flotation date: 25 Ma...
