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PQE trying to have another crack at 0.40c - up 7% now
Busy with other stuff.
Nothing to be said until we see the CPR or PQE announces it has restarted production...
Fingers crossed..
Yeah you’re right, where are Helpful and Ors? Their inputs are always welcome.
Let’s hope all will be good. Not holding my breath. Don’t know what to expect.
Good luck all and a nice weekend.
David, Makes sense what you say. All crossed here..
Stuy, I have been in Northcote/Mayan/Attis long enough to agree that historically they have issued shares like confetti, usually either to keep the lights on, or go after the next great idea. However, I don't believe the company have ever been in a situation of stable and growing revenue, which if the RNS's are to be believed is the case now.
The management were originally in the position of having a number of past liabilities to cover before they could safely move forward and this certainly necessitated money being raised. This no longer looks like the case, and with stable revenue there seems no need to take the equity raising route.
One can never say never on AIM but the new management seem to want to create a proper business for all shareholders. Any management with any sense would equate a proper business with a rising share price, and would realize that dilution is rarely the way forward.
As for CW, lets just say in the past he hasn't covered himself with glory.
David.M, The Company have a history of placings. One thing I have learnt with this company is they will do a placing, ‘if they can get away with it’.. And historically, they have done. It will be interesting to see if the new management team take this course of action.
Lastly, although I’m no fan of Squirells, he did have a point re CW. Why pay him £120k if he’s only a figure head when PA and TB n’ board are running the show. That’s a huge saving for Attis. Historically, CW has done and imo, will do a placing without blinking an eye. I hope NOT.. Soon see.
At the start of this week Helpful said that Thom is back from US and he might have more service contracts. We have production numbers from August due, possible service contracts, CPR's and future plan coming next week. I would not want to be out or talking rubbish here. BOD must be very frustrated with sp.
I can't see a placing at this level. The owners of the original Attis hold a significant chunk of the new Attis and won't want to see their holding diluted. One of the purposes of the CPR's was to see if they could justify reserve based borrowing.
The new management have done everything right so far, with he possible exception of the CPR's being significantly later than originally expected, and they will realize that dilution is the very last thing shareholders want to see, and moreover would be ruinous at this level.
I'm somewhat surprised there is so little interest given the progress made to date.
What a load of twaddle
Disappearance of Helpful last couple of days almost confirms something imminent, he has probably been "brought inside".
But also may be indicative of a placing, I hope not.
The good news is that for the first time in its existence (regardless of what they called it at the time), this company is actually a good value.
With circa 110-120 barrels the oil and gas assets are worth at least the market cap.
The service business worth something on top of that and some value attributable to PQE.
Approx. CF break even so they wont have to cannabalize the value to keep the company afloat.
I think Paolo has actually restored credibility to the communications.
This is worth holding.
Absolutely going nowhere minus the cpr. Good luck to all holding petroteq, but unless it’ll go up to CAD4, it hardly amounts to anything for us. It’s the icing on the cake, and a sumptuous cake is what we need to start with. TB’s interview doesn’t tell much and do much. You can talk as much as you want, potential potential potential, but you need substance. What is the hidden value here? I’m holding on but why is the cpr taking so long to publish? Another week to the end of September. I just hope it’s beyond good. Good luck to all of us.
In that case, thank you, you’re re always quite the gentleman. Or rather, gentle person... ;)
Nonetheless, good luck. Let's hope you don't drop too much: eventually something has to sign out.
ah I see - I think we have an old banned poster in a new guise - not difficult to work out who.
Isn't that against LSE rules ??
I take it you’ll be participating in the upcoming non existent raise? You’re doing a great job trying to cover it up! I’m sure Charlie Wood is very proud. ;)
“CW doesn’t run the company, it is run by a team”. And yet he collects £120,000 per annum to be Managing Director. Well that makes me feel better, it restores my faith in the team knowing they love to throw money away on incompetent fools with arguably the WORST career track record in the AIM. What a joke. Thanks on the well wishes btw but I’d do better without them. As you can imagine, I don’t exactly hold you in very high regard...
My point was that TB and the former Attis shareholders now own a chunk of the combined entity: why would they agree to anything that didn't make sense. CW doesn't run the company, it is run by a team as TB made clear.
Anyway good luck with PFP.
You’re too funny unhelpful, fact is Charley wood will never shaft himself because Charlie Wood has NEVER invested any money in this company except for that negligible amount he put in when he became MD. Charlie Wood. Is a loser with an absolutely horrible track record. Quit making excuses for him you’re pathetic
No one is stopping you selling.
If TB and the former Attis shareholders are going to go along with a fund raise, they are diluting themselves. Your argument is that TB and former Attis shareholders are going to shaft themselves.
DYOR
Given the price movement and continuous buying here, I can tell we are on the cusp of greatness. Not.
Maybe the geologist has ran off with the reports. Can’t think of any other reason why news is held back here now.