Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Does anyone know how this BOD spend their day it’s certainly not putting a shift in maybe they pass their time dreaming up more fairy tales about Iraq.
I called the office to ask them this very question but was told John had just popped out to the post office to collect his state pension, heaven help us!
PET have tried this before and look how it turned out!
See on ADFN that PET might be looking at an RTO to bend into the company. If factual this share could do very well
The reward far out weighs the risk from this level. News update needed for a significant and sustained sp increase. Something encouraging from Iraq or Ghana would do the trick. GLA
A sniff of volume and this flies. Ideally we need some news to move this to 2p,3p, 4p +
Is something cooking in the PET cauldron?
Accounts are on the PET website Caesar.
Has anyone any idea of the cash burn here or is the company safe for a good few months yet
And this could rise somewhat from here.
can do a few bags of fresh air here, when she blows she blows imo
That’s a bit better today.
Clon has risen 200% and more rises likely. Shows where pet is likely to land sometime this year. Here shows the opportunity with the low shares in issue and small market cap.
And I'd agree, CLON seen to have more irons in the fire.... it's not clear how far in or how hot though - to torture the metaphor.
PET is playing it's irons closer to it's chest - to mix and torture metaphors.
You could cover the bases and line your bottom drawer with both.
Whatever works for you - as I say, there are many ways. But note:
MCap is simply, outstanding shares x share price.
And since your investment is, number is shares x purchase price, and your profit or loss is the movement in price x your holding, it makes sense to me at least, to make the comparison using the same denominators.
But each to their own.
But should you not price it according to Mcap rather then shares in issue?
Thabks for your response just trying to figure out which is best the multibags lol, have to say clon have Bolivia lithium and possible Australia drill
Iamrich... CLON has 60%, not 70%. Pet has 30%, state owned co. has the balance.
So, one way to answer your question is...
Take an estimated value for the asset, whatever you like, the figure doesn't matter for this exercise but it might be fun trying to forecast it.
Divide 60% of that by the number of CLON shares.
Divide 30% by the number of PET shares.
Divide each by their respective prevailing share price to get the multiples.
Compare and decide.
We just need the BOD to get some kind of deal activated to get us back in the limelight. Huge upside if they do and definitely worth a gamble from this level.
But surely it will reflect market caps,and clon has say near 70% of Ghana, so would clon do better in a rise then pet? And who's going to buy out pet? Dont see anyone interested
Clon have 4.4 bln shares in issue as opposed to Pet 178 million of which 25% held by the board.
Any whiff of positive news here and this will rerate swiftly, me thinks.
There is Ghana, Iraq and a really tight capital structure here with the board owning about 25% of the company. Pet has a £2.5m cap and have openly advised they are on the hunt for a new asset. Clon £4m cap with a higher cash burn and director shares that are to be converted in leu of historical salary. Both will move together when the other rises. At 1.4p these look good value
Because ghana is a prize asset and a pet buyout would give teeling a chance to cash in .he is surely in his eighties now.He stumped up best part of 300k recently and it wont be for a long wait in iraq.
Why buy pet for 30% Ghana stake when CLON has near 70% or so?
I don't think Iraq will ever happen well not atleast for a few years
Activity is way overdue and the board are now incentivised with the purchase of 20% of the share capital. Any sniff of good news and this breaks a £10m cap. 4x where we are now
More of a gamble here than an investment. Huge upside on positive news. Maybe we'll get news of a JV in Ghana or Iraq in the next week's. Would certainly breathe new life in to this stock.
We'll yes, they've had plenty of time, I don't disagree with that. But I wouldn't characterise them as leeching. They purchased shares with cash less than a year ago - spending far more than they could have withdrawn in benefits. I reckon they are as eager as anyone to get things moving and certainly seem to have more to lose than any PI, in absolute cash terms at least.
I'm just calling it as I see it - I hold at higher prices so am also disappointed, but I don't buy into the story that the BoD are not working to push PET forward. Although, they are probably stretched at times, what with the number of group companies and limited resources.