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Final results now due. If we get any Iraq positive news and we should see 3p.
buys today from friends of the bod i’m sure to hype up the share price, followed soon by some **** and bull stories about iraq, watched this happen time and time again over the last twenty years. guaranteed that buys this week will result in sales next week to replenish funds so they can do it all over again the next time.
Will hold but what a dawggg of a company really- they have done jack in all these years. Wasters- dont know why they didnt get a real job. Exploration licenses yeahhhhhh right- they will get nothing. IMO DYOR
Looks like it’s ready to go on a little run.
What has any of this got to do with Pet ??? Wishful thinking my friend.
This could be huge news for PET!
how many millions of barrels for PETREL RESOURCES??
https://www.iraqoilreport.com/?s=s
Iraqi oil minister wants oil exploration to explore oil
The directors, collectively, the last major purchase I'd say.
When was the last time someone bought some shares here there’s a reason why it’s a continuous sell off and that’s because they have absolutely no business plan or assets.
Time old man Teeling hung his wellies up and moved over for someone who can do something with this shell of a company. Twenty years of achieving nothing is taking the proverbial.
It seems to be getting harder and harder to buy small volumes here now. Matter of time before it moves
Does anyone know how this BOD spend their day it’s certainly not putting a shift in maybe they pass their time dreaming up more fairy tales about Iraq.
I called the office to ask them this very question but was told John had just popped out to the post office to collect his state pension, heaven help us!
PET have tried this before and look how it turned out!
See on ADFN that PET might be looking at an RTO to bend into the company. If factual this share could do very well
The reward far out weighs the risk from this level. News update needed for a significant and sustained sp increase. Something encouraging from Iraq or Ghana would do the trick. GLA
A sniff of volume and this flies. Ideally we need some news to move this to 2p,3p, 4p +
Is something cooking in the PET cauldron?
Accounts are on the PET website Caesar.
Has anyone any idea of the cash burn here or is the company safe for a good few months yet
And this could rise somewhat from here.
can do a few bags of fresh air here, when she blows she blows imo
That’s a bit better today.
Clon has risen 200% and more rises likely. Shows where pet is likely to land sometime this year. Here shows the opportunity with the low shares in issue and small market cap.
And I'd agree, CLON seen to have more irons in the fire.... it's not clear how far in or how hot though - to torture the metaphor.
PET is playing it's irons closer to it's chest - to mix and torture metaphors.
You could cover the bases and line your bottom drawer with both.
Whatever works for you - as I say, there are many ways. But note:
MCap is simply, outstanding shares x share price.
And since your investment is, number is shares x purchase price, and your profit or loss is the movement in price x your holding, it makes sense to me at least, to make the comparison using the same denominators.
But each to their own.
But should you not price it according to Mcap rather then shares in issue?
Thabks for your response just trying to figure out which is best the multibags lol, have to say clon have Bolivia lithium and possible Australia drill