BCC.ax/BCGYF.pk: Buccaneer has a bunch of shares out, almost a billion with another 272 million exercisable at about $.10, according to Bell Potter's recent recommendation with a $.20 target. As you mentioned there's another recommendation out there with a $.34 target. Pretty ambitious targets with all those cheap options to hold it back.
For now I expect it's upside is limited, assuming bigger houses don't start recommending it hand over fist as the jackup rig begins its voyage to Buccaneer's field offshore Alaska, which seems like it could be the next catalyst.
Details about share structure:
Total Issued Capital (Undiluted) 992,176,566
Total Issued Capital (Diluted) 1,264,590,956
Total Issued Options 272,414,390
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