Had a natter with a director at PVR. CPR has been completed. It's currently with the Irish government civil servants (of the relevant dept) to get their approval. They need to have a look at it first apparently, and needs their rubber stamping before it's made public. Publication to the market time-lined for next week."
Well if PVR are going to issue the Barryroe CPR before the end of March as promised they are cutting it fine. I suspect now it will appear in early April. At least it's something that lander can't blame LOGP for.
I don't care what you think, buddy!! I make my own decisions. I don't have to account to you for my actions. If PVR don't issue the Barryroe CPR before the end of March as promised then there is nothing I can do about it.
The same day last last week I topped up on LOGP at circa 47p I also topped up on FRR at circa 0.55p. I sold some of those FRR shares for 0.70p today. Some you win, some you lose, in the short term.
Last summer punters were paying up to 70p for LOGP after the Barryroe resource update of late July. Yet a month previously you could buy LOGP shares for circa 30p after it had fallen from the 80p achieved intraday just 3 months earlier on the Barryroe drill result!! LOGP is very volatile. I can see the LOGP at 80p again this year. In fact I can see it going higher than that on good news. If it does then whether I bought at 47p or 43p or at your 53p will be immaterial.
LOGP is news driven. I topped up on LOGP last week because the Barryroe CPR could have been issued last week. It wasn't. It could be issued this week. That's what PVR promised, but AIM oilers have a track record of not always sticking to their self imposed schedules. If the CPR isn't issued this week then I will have made a mistake topping up last week, but it will be MY mistake, not yours buddy!! You wont have gained or lost anything by my mistake so just chill my friend.
I don't think it's surprising that the LOGP sp is drifting down. AIM shares invariably drift down on lack of news. I think that's been exacerbated at LOGP by it's very low "free float".
The LOGP sp needs a boost from a good Barryroe CPR and the 3 farm outs. Unfortunately the Barryroe CPR is solely in the hands of PVR and whether it will issue it, as promised, before the end of March is open to question. Heaven knows when the farm out news will be issued.
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