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Our recent equity raise has given the Company the financial firepower it needs to maintain the Company's operational capability, to execute a high impact exploration programme, to start production from our existing discovery once permits are secured, to pursue new acreage and to expand activities into renewables. We look forward to a busy and rewarding 2023."
All fully Funded .
Market has put a value on PM at 75mill for a company that is going to make a loss.
Wake up Bad.
If heron 1 will produce minimum 10mill
PM has allocated say $5mill for heron.
Dqe another $5mill for heron
Equipment for heron paid for
Each well $2mill
Do your maths.
Enough money to 5 wells online plus heron
OK - I'll tell you - BUGGER ALL!
Tell me - how much net income do you expect from Heron oil sales in 2023?
Master - you don't half spout a load of tripe
Bad is more expert than the market.
Do you not think heron will produce money to pay for development of block 20.
What about DQE. Are they getting a free ride.
You utter some nonsense.
He has now started a new debate because he knows LP is not far away.
When LP land they will say no oil
Then no money.
//You know it's Saturday right?//
WOS had a day off yesterday, he's got to make up for it!
MB will probably raise money before V1.. It’s a formality among the oil companies with no income. With the possibility of non commercial find they have to ensure capital for future exploration and costs. WO will probably know this and is not fully honest with his exaggerated and one sided posts
You know it's Saturday right?
Market is closed no need for all the ramping today.
Go out, get some fresh air - and buy some beers to settle in for tonight's Eurovision and enjoy the weekend😍😍🎶🎶🎷🎺🎹🎸🍺🍺🍺🍺🍺
// Mr BP I hope you wait//
That's all PM investors ever do - WAIT.
"FUTURE operation funded through offtake / production revenue (with new block will be partnership or production revenue).
Better to read RNS / watch presentation OR wait at side for "future" to show you . Mr BP I hope you wait ;)
Knowledge is power sir so do research & be happy :)
Its not it's
PM is underfunded for it's proposed future operations & Heron can't produce enough income quickly enough. The only options are another placing, a JV or a takeover.
IOM meeting VERY significant
"I know what is happening now due to research" "MB kept us all in the dark and he is still not letting on"
Mr Master you are 100% correct in this I believe & transformational is right word.
Anyone who want to do own deep research can put this together but know most people do not.
Talk of placing very strange ? All you people maybe better if you do not buy ;)
HAPPY :)
Sorry missed this off here's the link https://mrpam.gov.mn/news/2548/
Guys and gals, done a bit of further viewing of this article and if you delve into the concept of the bill there is some fascinating info at hand. There is far too much to translate and post but for those who have the patience. Some interesting laws to be incorporated into the new draft laws on exploration and exploitation and also the land that could be used for minerals of special and national purpose to the country and it's economic development. GLA
Fund raise or no fund raise.
This is hitting new heights and is at least a 5x bagger.
In the medium term
7.1 on Interactive Investors as well.
Looking good..!
Halifax shows same finish of 7.10
Next week might get very exciting
ATB
Hamm - and what is constructive about your drivel? “Golden shares guys, 20p+!”
To be fair to me, what have I said that is negative recently? I’ve said I don’t think they’ll be a raise? I’ve said I hold a nice position here. I’ve said I think LP will come, but maybe not as fast as some think on here. I’ve said LP should mean 10-15p, and could possibly overshoot to more briefly.
So what have I said that is sooo bad?
Doc, if you still hold shares here then why you are always crying.
You are always misery. You are a real bore.
Get a life. You always criticising guys here. I wonder what your contribution is here.
You are as bad as BP. Nasty little shìiiiiittt you are. If you aren't happy then sell and go.
It is really ok if you make constructive discussions but not distuctive arguments.
Big buy after bell, strong ng finish or miss print ?
Fully funded for heron, and the raptor drills I believe?
Heron brings cash from oil sales.
Further funds (if required) could be from forward selling of oil… or if REALLY required, a placing at a SP multiples of todays.
So… in summary. Talk of a placing and a fund raise is just not going to work. Trying to put out a forrest fire with a water balloon here 😂… should have bought at 3p. Or 4p. Or 5p. Now 7p, and in a few weeks we will be saying ‘should have bought at 7p!’
Can’t wait for next week..