the drop in oil prices is mostly to blame for the share price fall,how far this will fall is any ones guess,but oil price don't look like recovering quick,stick in the bottom draw and 4get 4 a while as I feel theres no short term recovery,will take advantage of smaller companys who share price has crashed to buy them out on the cheap with parkmeads cash pile
Me too. Worst performing oiler in the North Sea , And we had more or less a strong board than any. Imo people said this was a bargain at 2.55 same at 2.00 same at 1.50 same at 1.00, and its at 0.93. We have had no bad news released and look where we are, what would happen if bad news was announced. I have lost a fortune on this stock. Just wanted to warn people, research it be careful don't follow anyone's advice on the boards etc. I have lost a fortune on parkmead. GLA.
I am thinking about buying some shares in PMG via an ISA, the recent tax breaks for north sea oil companies and push from goverment gives me the indication it is ideal to buy. Also I hear Tom C is the man for turning around companies..
some negative posts on here are making me think twice...
Don't you just love the immediacy of the web ? In the olden days one would just cross the street if one spied someone tiresome in the distance. I'm sitting on a £5k loss, Very modest compared to many I'm sure. My failure to bail earlier, is probably due to the fact that after many years of good times in NE Scotland it has been difficult to accept that the indusrty is now becoming much like the coal indusrty in the 1980's.
IMHO Mary, Tom has a good record so does the rest of the board. He does not release news to get the share price up. he only releases it when required. He owns 20 percent of the company so am sure he feels the pain too. He keeps a low profile and just gets on with it. Remember when you brought this it was for the long term, just think about that. Its difficult at the moment but am sure Tom and his team know what they are doing.
Yes Mary think you are right, all the old posters seem to have sold out, which is a shame. There was a poster who's wife was Tom,s wife PA. Very knowledgeble person. You had the poster who seemed to work for Dana and was right with everything regarding Pharos. And said it was significant find. But Dana pulled out. Tom for the last year and half has been saying they are working on numerous deals. Then goes to raise money from the market and instead of giving us a confidence boost he doesn't up his stake.
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