Trades appear to have started filtering through isdx now as well. Not invested but good luck. May monitor and have a punt
14 Jul '15
Interesting move here. Thought this was dead?
9 Jul '15
RE: And so the journey begins
nutsy that was back when oil prices yielded an attractive ROI. Unfortunately for PET they have nothing except a depleting cash position and hope that Ireland will yield them an 'elephant discovery'. Better smallcap value in AIM listed MBO which turns £50m per annum, back in profit and around £3.25m market cap. Completely off the radar but still in a 6 month uptrend. Half Year results due in September. GL
9 Jul '15
And so the journey begins
Not holding these but considering a 2.5k punt with profits from elsewhere on a 3 year look forward. I do see some value here for the long term but I don't understand why all of their assets are high risk. As a bod they should be building a more balanced portfolio but that said I think the Ghana asset will eventually come good for them which will raise the sp considerably from today's new low. I will look to get in around the 2p mark and hold for 10p in around 3 years.
26 May '15
Given the poor performance and woeful lack of information from PET I wrote to them over three months ago asking if there was any encouragement they could give to their investors to stick with them. I'm still waiting for a reply. The website is a litany of out of date information, I think this is a dead duck now. Does anyone see any reason to stick with it?
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