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Hi Guys with figures this time
I have taken this from the Vermillion site so some good news coming in the results in a few days
2018/19 2017/18
9000 810000 7335 660150
8667 780030 7167 645030
8749 787410 9381 844290
7500 675000 5900 531000
total 3052440 total 2680470
This is showing an increase in production of around 15% for last year which could equate to 50% increase in revenue
They are also completing a drill in the region which the results of might be released on the day of the results
Which could add 25% onto the following years results
I note that the share price was hovering around 60p last year when the results were issued
This is a no brainer we should see 60p and above before xmas
Also in the results I expect news of the GPA tieback being given the thumbs up
Hi Guys
I have taken this from the Vermillion site so some good news coming in the results in a few days
2018/19 2017/18
This is showing an increase in production of around 15% for last year which could equate to 50% increase in revenue
They are also completing a drill in the region which the results of might be released on the day of the results
Which could add 25% onto the following years results
I note that the share price was hovering around 60p last year when the results were issued
This is a no brainer we should see 60p and above before xmas
Also in the results I expect news of the GPA tieback being given the thumbs up
Perhaps - but TBH my outlook on these O&G AIM exploration shares is very ST:
1. A quick in and out - if it does not go as planned, don't hang around;
2. Very small amounts invested. It's a gamble, not an investment.
Martypoppins:: it’s still way off mid fifties..... good buy if you bought at 17pence last week.
Another last comment on the Tom and Linda Vegan Sheepfarm (with luxury apartments) Board - someone mentioned below 'that dog' I3e and presumably how lucky PMG are not to be involved with the dog (the meaning of the post was not clear to me - Tom's dealings in Dana were, like, 100 years ago, and I had previously referred to land deals) - well that dog has turned into a wolf, it seems.
Know why we gamble in AIM O&G shares - because the local casino is too far away?
Good luck on PMG - I see a nice price rise coming when Linda brings out her new cook book.
Neil,
Almost zero interest in ENQ - traded a few times and remain with a tiny 17p holding. I read that BB simply because I am fascinated by those ENQ posters who continue ad nausium posting obscure financial observations and shipping routes and timetables (....) when none of it matters. Maybe I have too much time on my hands.....I think I even posted twice on the board to say that LTH's should trade about 30% of their holding - otherwise it's just years of dead money. Of course the LTH's said they couldn't possibly let go of even 1 share of their precious company. Oh well - I tried.
PMG is a different story. I don't know how the share will perform in the future - however I do know that TC (and now his family....) have been making a fortune off the backs of long suffering shareholders for years. A distinct lack of integrity IMO and yet few of those invested appear to mind. Oh well, I tried again.
Good luck with PMG and I hope the ENQ holders finally get a break - they deserve it with their unending loyalty.
Only 8 MP, I wondered how long it would take hahaha.
Neil,
'Doom monger' ? Have you read that guy on the ENQ board who posts about 8 times a day? Now, HE is a doom monger.......
I never short shares and have not shorted this share. However I hate to see shareholder abuse - all too frequent on AIM. An even greater example of shareholder abuse has been with AAOG (also O&G) - was over 20p, now about 2.5p due to an appallingly bad management team that has merrily led investors down a dark and endless path of incompetence, lies and dilution. Despite the fall, the board there STILL has its resident rampers daily pumping the share as a great investment.
Buzz: 2/3 years will be in the £s. I treat every share like a round of golf which is to never give up.
When I originally invested here around 2 years or so ago it was on the back of a strategy to invest in CEO’s who have a record of success. What I did not appreciate, and to be candid, what I failed to discern as part of my research was how little Cross appears to care about small shareholders. We all know that institutions and large private shareholders have ready access to Directors and are much better informed about the plans and intention of the BOD and therefore it is incumbent upon the CEO/Chmn to make an effort to keep small shareholders onside. To do otherwise is to show utter contempt towards small PI’s which is exactly what I see from Cross and it is why I sold out last April at almost double the price we see today.
Now, it seems that at least a small number of investors who post on here are content to be fed on scraps by their own admission and whilst that is their choice let me tell you all that it is often a quick-fire way to lose hard earned money in my experience.
The penny finally appear to be dropping for some of the hardcore on here and when I look at the 5-year chart I do have some sympathy for them as it looks a little like a ski slope in the Cairngorms not far from where I spend a lot of time. So, unlike some who may have modest short spread bets on and who may be mischievous in their posts I have no desire to short but I do have a genuine problem with people like Cross in public companies who feel that they can run roughshod over small PI’s as if he was King of the Castle.........and of course he believes that he is and therefore can do what he wants. This in my experience often ends badly.
Where do you see the SP in 2/3 years SOF?
I was hoping for £5 about now 5 years ago,obviously the oil price has affected all oillies,but 38p is not where I thought we’d be now,I must be honest.
TC needs to start treating his shareholders with a bit more respect and gratitude for staying loyal for so long with no divis,buybacks,bonuses,wages,free shares?
We need our payday.....when will that be and how much do you think we could achieve SP wise?
You’ve been here how long?
A better deal on what Marty ? Look at I3e even Dana binned that dog of a license.
SotB/BLY,
Irrespective of one's opinions on renewables, did the company (sorry, shareholders) really have to buy THAT farm? A 10 minute search on the internet shows you better deals. If the same shareholders who paid for the 'asset' through dilution had been asked beforehand, do you think they would have agreed to this bizarre purchase?
Neil, from your comments I suspect that you have bet your own farm on PMG (sheep included) - it might work out, but rest assured that for every pound you get management will get 1,000.
In any case, I can't wait for the next published set of financial statements - front cover a picture of TC with beard and shaggy jacket holding a sheep; lyrics of Mull of Kintyre on the inside; and an article included on the benefits of veganism by TC's wife.
Can see this crashing soon.
Lordy Lordy.......3 posts?
Hmmmmmmm?
I'd close that short pretty quickly!!
Its a great move by Tom Cross. its obvious that people on here have not researched the politics behind this.
The Farm purchase is a master stroke....get the plans for more windmills approved and sell the land and buildings on again putting in clauses for windmill access and services.
ROFL, Neil? Only because I have not lost money on this investment.
The farm purchase is ROFL and indicates management's arrogance, lack of concern wrt the well-being of shareholders and an absolute lack of integrity. The amount involved is relatively small, but untrustworthy in small matters = untrustworthy in big matters. The management team (and family....) has AIM written all over it.
"What's not to like......"? Let's start with a share price down almost 50% from one year highs; the dubious purchase of assets from family (.....) members paid for directly by shareholders via dilution, indicating management's absolute distain for LTH's; and a management team that has milked the company for years while investors have got nothing.
The more I look into this company, the worse the shareholder abuse gets. The share price might go up - but that will be in spite of, rather than because of, management. Good luck.
As a LTH yes I am sitting on small loss at current SP. Will I sell when SP rises to say 55p yes I will sell some, as I have done over the years on the rises but will still keep my core holding. I like PMG virtually no debt, cash in bank, in profit from Netherlands gas production. More profits from platypus in coming years. Potential renewables income albeit strategy details to be finalised, soon I hope! Then there is GPA potential. PMG BoD
have many potshots aimed at them in recent weeks but these guys are experts that are well respected in industry which is why they are in demand! Whilst PMG SP may not rocket overnight the strategy is sound, if somewhat conservative. Whats not to like with little downside and good chance of nice upside. I have no major future concerns currently with my holding as I know a return will be delivered only question is how much!