Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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Cashflow statement, £2.5m tax paid and £2.5m exploration expenses are main reasons.
Where has the cash gone? nowhere can I see a explanation.
Same to you fella, but I hope it doesn’t before I get back in at 15p or less
Scooby enjoy the weekend.....we all know Parkmead going to be £1.50 and never 15p dream on son !
There is no doubt that should oil and gas prices remain depressed for a significant period of time the point of continuing to invest in oil exploration in particular will be scaled back significantly. If that happens PMG could still be profitable from gas and Aupec alone anything coming from renewables would be a bonus. PMG has therefore the resilience to weather the current market conditions for several years so as we all know patience for those who wish to stay in is required! GLA
I haven’t even bothered reading all your post as you dint bother reading mine, I just read the first part mate, I’m sure the rest is just recycled, PMG are doing this, and buying that, it’s time to let it go SON let it go, you will feel li,e a weight lifted off your shoulders trust me !
SOb I didn’t say you were bad mouthing anyone, try reading my message again, you need to concentrate on other stuff like reading posts properly you may learn something, I said Ryan was slating other companies, how you managed to turn this about you I have no idea,
Scooby: where do you here hear me bad mouthing posters on here. I'm glad Cross didn't follow the lead of Enquest
Cause they have tried and not made a good job of it.
All these depleted oilfields at platforms that are now
Forty years old and it's game over.....
Heather ,Thistle, Alma and now Magnus .
Cross knows GPA is a winner and he will succeed with licenses like Platypus, Skerryvore and a bit of acreage round the west coast.
All you trying to do Scooby is break the company by shortening it to 15 p unlucky good try !
The discussion with service companies is now at a good time because they will throw money at Parkmead to get work on a depleted oil price. All Cross has to decide is what percentage of the oil field does he have to give away and at this oil price it will be far less than at $60 a barrel.
Try and Keep up Scooby.
PS North Alwyn pulled the plug on drilling as well.
SOB
Blah blah blah
TC in talks alright has been for the past 10 years fella, the sooner you realise that nobody is your enemy here the faster you will accept there is a real problem in this company, no takeovers of any companies, where are the 12 he was putting the slide rule over? More bull**** from Cross, he is a great salesman no denying that, and you believe him, just carry on believing him, Perth won’t be getting done anytime soon, he just keeps repeating the same old jargon, and trust that Ryan Strougler even. Less, after having many a chat with him years ago, said Enquest would be gone years ago, all talk crap, let’s not talk about what others are doing or not doing, talk about where you are going and what you will do to survive, easy to deflect the dairy off yourself by ****ging other companies off, all bad practice and unprofessional outfit if you ask me
Is that 30mill to 23mill in six months?
Looked up the Parkmrad website for the cash burn breakdown. Nothing there! I know that PMG believes investor communication to be a waste of time but this is ridiculous.
I agree with Mary here, the cash position was always bandied about as a strong point,
I don't think the burn rate was expected,
This is lost.
Bitethebull- morning, yes still in here. The revenue/ profit was predictable and I gave my view on that here a few days ago. What I was not expecting was the cash burn and will have a detailed look when I get the. time.
PMG in a weak position re. GPA in the short term at least and it is hard to see where any substantial growth will come from.
Best regards
GLA.
Scooby : Not desperate old son.....oil has botyomed.Cross in talks with service companies for GPA.....
SOB you sound so desperate fella it’s scary,
Stop with the bargain buy in, if this is a bargain buy in what was the 18p last week?
You really are I. Your own little and I mean very little world, get out now and get back in when it drops back
Mary,
Are you still invested or have you given up all hope?
Regards
BtB
SP disconnected from reality, the results prove it.
Plenty of time for deals between now and next results
What's wrong with you guys have you missed the bargain buy in !
Cash pile aprox value of company but will go into red assume next results
Over priced me thinks not priced in!
Priced in I think these results
Thi will get hammered this morning and rightly so.
GLA.
Its currently crisis time in the North Sea ......Parkmead fully aligned with dealing with the slump.
There is a lot more companies in far worse positions..
Take Enquest as an example finished a redrill programme on the Thistle 6 months ago and now they are going to decommisdion the platform.
Cross is at his best in this the market conditions .
Cash down almost £5m in six months. Was hoping that was as a result of paying off the loan, but it isn't...
They've relinquished Polecat and Marten.
Gas production down a little (probably a good thing right now!).
Worst thing is no news at all on GPA, and a clear steer that current gas prices are not going to make the next results any prettier. But then that's the same for the whole sector.
Not great news. But in the scheme of things, we can at least take solace in the fact they still made a profit, still plenty of cash in the bank and NAV has grown. That's good when compared with many others.
Small Revenue for the period was £2.1 million profit .8 million will surly go in red next results cash is only positive. T O but further too fall 4 me with gas prices so low