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Can’t think why they got rid of such an ace poster, ah well, their loss is our…..mmmm.
"There's little to no trading on this stock atm"
This has literally nothing to do with PrepH being morbidly obese, please stay on topic.
Hotfinance14 how much is that in Euros
There's little to no trading on this stock atm.
Everyone thats in is staying in. An RNS can drop at anytime, scary thought if youre trying to trade.
I believe we will still get a few more purchases before the weeks ends due to Fomo.
Good luck holders.
SP holding up better today, it would appear yesterday's minor sell-off is running out of steam??
Also $1.5m and not £1.5m.
Its $75,000 per quarter which is approx £60,000 per quarter.
However eventually we should also recieve royalties on sales
Ah yes, per quarter it is, thanks :-)
Think it is only 75k per quarter but still a nice starter and surely the start of many licensing agreements
"We now have more "options" than I can remember"
And being fully funded for required and optional plans, should we get the Valkor £1.5m + £75k per month in a few months time, we will have spare cash for the first time that I can remember, and a lot of it.
Funding had become an issue and was likely holding us back, both in terms of credibility and potentially project manouvrebility. That is now sorted, thankfully rather successfully.
We now have more "options" than I can remember and I'm confident we will break the dam on one of them soon. Hard to say which first but we are edging forward. The battle between investor impatience and the nature of the industry we are trying to crack has made it a frustrating ride for many of us, but I do think the prize will be worth it. I don't think the board are a shady bunch, well paid surely, but I think they want what we want, which is all i need to know. The best move is to back and encourage them.
The price rose nicely after the Utah news, but there's lots of people on AIM looking for a quick buck. The volatility doesn't concern me. Some of us are here for the big prize.
I still think we have a product the world needs and fortunately the IP seems to be well protected. The price of the product makes economic sense it fits the narrative. Our influence is almost certainly limited by our size, though this has likely been to our benefit as investors (and the amount of money we have had to put in for the level of overall dilution). A number of big big companies seem to see the opportunity, which is a welcome endorsement.
The current price, in my view, represents a superb opportunity for new investors given the prospective upside. All in all, I think it's coming. This year. And I think we deserve it.
Worth a read of the article below. It's about how undervalued UK listed companies are.
INVESTMENT UPDATE: THE NON-PATRIOTIC CASE FOR UK EQUITIES
Pessimism about UK equities is widely held. If it’s based on misconceptions, this could be opening up an opportunity.
By Oliver Jones, Head of Asset Allocation
17 January 2024
https://www.rathbones.com/knowledge-and-insight/investment-update-non-patriotic-case-uk-equities
" diligent investors often seek information from a variety of sources to stay informed about the potential outcomes for their TRADES" (my caps) 🤣
"You might be reconsidering your stance now. "
Nope, I notice you're avoiding the issue of the CEO putting in £15k, even though he has plenty of options as well
From Trio Petroleum Corp: https://ir.trio-petroleum.com/press-releases/?qmodStoryID=8770630253578057
"""
The Company is also announcing the commencement of drilling activities on the Asphalt Ridge project in Uintah County, UT. A rig is scheduled to be on site this Sunday, and to drill and complete the Company’s first well on this asset in the next two weeks. Drilling results are expected to be readily available shortly after the well is drilled to a total estimated depth of 1,200 feet. The project targets a highly promising heavy-oil tar sand field that is expected to be densely developed at scale, with as low as 2.5 acre spacing for future wells. Through existing working interests and option agreements, the Company has the ability to take up to a 20% working interest in this project.
“These are positive next milestones for our Company,” commented Michael Peterson, CEO of Trio Petroleum Corp. “It is very encouraging to see these next steps happen in the transition from the exploration and de-risking of these promising oil and gas assets into potentially scalable cash-flowing resources. We look forward to providing further updates as we drill our first well on the Asphalt Ridge Asset and restart production on additional wells and selling of oil produced from both the McCool Ranch and Presidents Fields in the months ahead.”
"""
(References to McCool Ranch and Presidents Ranch are not related to the Utah project)
Valkor not Valcor.
Valcor is a completely different engineering company.
"The open offer was oversubscribed, the CEO put £15k into subscription shares, and Valkor have approval to drill a well. I'd say that's news enough to prompt buying and hence the SP rise"
You might be reconsidering your stance now. The post in question was created when the value was at 1.86, its now 1.625. It's probable that Valcor's position has already been factored in. Recall the anticipation around Christmasof funds from Valcor that failed to come to fruition, which is now projected for later this year. The drilling permits were approved in August, and Valcor disclosed their timeline in November 2023. The report here came five months subsequent, thus it wasn't exactly prompt. While you might be content to wait for news updates here, diligent investors often seek information from a variety of sources to stay informed about the potential outcomes for their current or prospective investments.
JM mentioned the possibility of Valkor supplying a zero-Sulphur oil.
Valkor have a subsidiary Crosstrails Engineering LLC that likely would supply a desulphurisation system for the oil, if MSC want to go all out with a zero-Sulphur bioMSAR or bioMSAR Zero.
https://www.crosstrailseng.com/copy-of-markets
It almost sounds "imminent"....!
Sounds good!!
I'm looking forward to this drilling kicking off. I can see both Valkor and QED keeping us appraised of the progress at important steps. Valkor showing that is likely to be the case already.
Lets see how the updates go, it might be something like:
Drill rig is on site
Drilling commenced
Drilling has reached total depth - summary of visible results
Samples taken and sent for analysis, processing
Samples shipped to QED
Samples received at QED
Sample analysis at QED and results of that
The Company is also announcing the commencement of drilling activities on the Asphalt Ridge project in Uintah County, UT. A rig is scheduled to be on site this Sunday, and to drill and complete the Company’s first well on this asset in the next two weeks. Drilling results are expected to be readily available shortly after the well is drilled to a total estimated depth of 1,200 feet. The project targets a highly promising heavy-oil tar sand field that is expected to be densely developed at scale, with as low as 2.5 acre spacing for future wells. Through existing working interests and option agreements, the Company has the ability to take up to a 20% working interest in this project.
I did expect a bit of a sell-off as people who supported the raise but did not want to increase their exposure, take some minor profits from buying from the company @ 1.25p and sell into the general market @ 1.75p or thereabouts.
Don't expect any major downward move and hopefully SP ticks up again once buyers outstrip selling demand. Further positive RNS releases will obviously help too!
I feel 3p is low should the marine deal be sorted. Its pretty significant.
"the man who posed as a woman"
Also this is literally hate speech. Hope you don't live in Scotland lol
"I don't need to, I can see the good news coming in from the QED RNS's"
Correct, Quadrise will release all the information that's relevant to us. Certainly not following Tomco anyway, not a fan.