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I’ve been mulling over the recent presentation, which was enormously information rich, and at a level of detail almost impossible to absorb fully.
Why was it released ? PG isn’t a hype merchant, and it didn’t tie in with any specific news release or “pump and place” event.
I think he wanted to put out there so that the diligent could place in context the many news events which are to be forthcoming, and for which it would be impossible to full context for each one. It will allow us to see how each one fits into a massive jigsaw.
p.s - our M/Cap is a paltry £19m, which is completely out of step with our known position in Morocco. I have allowed nothing for T&T or IRL, but I strongly believe in both of these projects.
Hi Nici,
I am glad you asked your questions, greatly assisted by BDT finding my earlier post. Thanks.
Things have moved on a little since my thoughts, Placing, more shares in issue will change my general maths.
I have believed for some while PRD were way oversold, this combined with PG's interview has allowed a solid base to form over a number of weeks, followed by what we are witnessing now, a confidence rebuild, a slow but steady climb in the SP, roughly following my earlier figures of Buys out weighing Sells, by a certain ratio. My pet name is 'Ratio protrusion'
You asked if the recent recovery was a coincidence - actually no, this has been building for a little while, more important question, will it continue, yes I believe it will, with the odd sideways day.
You may ask what next.
I expect the recovery to continue, probable 100% uplift in the current price, to take us back to 15P maybe 18p over the next 4-6 weeks, an excellent return for such a short period, but we want investors looking for huge VALUE CREATION over the next 4 - 18 months, certainly in Morocco as the true enormity of what we have found and continue to find is fully understood.
By the end of November or early December I fully expect to have had one or more significant RNS's, with a Drilling schedule (what we want to accomplish) coupled with a JV agreement (how we will pay for our plan of action) followed by spudding of MOU - 4 then back to back drilling of MOU - 5, followed by simultaneous testing of 1, 4 & 5, planned talks with the Moroccan Govt in Feb/March, the news flow will be exceptional, the results likely to dwarf most peoples imaginations.
Lonny and PG make for an exceptional team, in the big scheme of things, we are very close to a company defining moment(s)
A SP rise of 0.3p or 0.5p day is great confidence building, BUT if a RNS comes out earlier than I think, all bets are off and we could see a new ATH if the RNS is a JV Finance, allowing us to move forward, not just with 4 & 5 but, 6,7 & 8 and a large area of 3D.
Usual caveats apply, the story is fantastic, but I cannot be held to an exact timetable, complain to PG or buy early to avoid disappointment :)
DYOR, GLA.
MEM
All very good thanks BDT. Very much appreciated, that's exactly the post I'd been looking for but thought had been deleted. I'll be plotting our rise over the next few weeks to test MEM's figures. I ought to invest in a laptop, an Android has its limitations but after twenty five years in IT, merely looking at a laptop screen makes me feel dead inside.
Just heard the webinar for RBW, wish I'd got some spare cash, I reduced my holding by a third and bought more PRD as I got excited up to 22p but c'est la vie. ESG is hopefully here to stay and Biden's windfarms will hopefully make me rich along with CCS EOR, so I can sleep well with my riches from LNG and gas drilling which aren't so fluffy.
Ha, "back button" works...
Date of posting was 1st May 2021
Nite all
Taff
Bdt
Hiya Nico/nici.....hope mrs and daughters ok and you of course, just spent ages going through Men's old posts to find the info you was asking about....
Copy/pasted below ....hope Mem doesn't mind
Share price movement and momentum01 May 2021 09:41
Good morning.
I have watched volumes, Buys and Sells vs SP movement for 3 weeks.
Keeping in mind that there is some ‘inaccuracy’ in reported Trades ie is it a Buy or Sell, so allow a +/- 30% to my figures below.
Basically my approx calculations are we can expect 1.18p price rise for every 680,000 shares purchased in excess of sells.
Allow for the =/-30% and we can see once good news arrives, for example, if the Buys exceed the sells by 2.72m shares (approx 1% of issued shares) we should achieve approx 4.7p price rise.
5.44m shares = 9.44p
as I have predicted, we will soon have a 10p rise in one days trading, a good RNS will see PRD share purchases vastly outstrip sells. (Approx 5.5m shares)
If you hold a nice chunky holding in PRD, say 500,000 shares, I anticipate a nice £50k increase, 1m shares = £100k and one or two people have 3m to 4m shares = £300k to £400k in one day. You may doubt my thoughts, lets wait and see.
Enjoy your long weekend.
End of copy paste....i should have noted the date it was posted but neglected to sorry..
Gla
Taff
Bdt
Evening MEM, last week you mentioned PRD's price would be still off year best should we rise 1/3p a day for the next six weeks. Interestingly enough in the five days since, that is what we have risen. Couple of quick questions if I may..
Q1- is this coincidental I wonder, do you believe this could the case? You've called our rises more accurately than any other regular poster over the last year or so.
Q2. A while back you provided a calculation as to what the value difference between buy/sell on any day would be needed for an increase of 'x' pence.
How much more would buy to sell need to be a bring about a 1/3p rise?-
Obviously this is entirely dependent on the trades being correctly categorised.
Hiya Mem Still got lots, only got rid of about 1.5% :)
Today/yesterday more than made up slight drop in pennies.
Gla
Taff
Bdt
Hi BDT,
So sorry to hear you had to sell a few PRD. Hopefully you still have plenty :)
MEM
Hiya Mem everyone, wish i didn't have to, but had to sell a few a couple of weeks ago, ah well, it was worth it :)
Gla
Taff
Bdt
GRH I cant see any buyer less then 3% I dont know how anyone can. I assume it's just a few large PI buyers
Gains from the high teens Sefton was buying MEM............?
Gas prices rising, none from here......yet :) and ya mates can whistle...........!
All the best (soz Sefton........ ! :()
.....4p
Thanks BB
you might wish to check the maths
re disclosable interests though?
ATB
Regards
GRH
Hi BB,
Ditto, in fact I added to my fairly large 7 figure holding both yesterday and today.
MEM
NT to buy
Toe curling Bradleybear........!
but expected......!
In the mean time, you could own even more when PRD are listed on the AIM.......... :()
All the best (first placing....... ? :)
.......4p
GRH I didn't aim the share at yourself tbh it was more for an open read. However I do aim it at numpty bears like chesh and pals! I have more shares now then I've ever owned and will hold till the end! I expect news soon
.....not any more..........!
oooh .......x2 1/4 M bombsells just been dropped on the playing field......!
All the best (delayed, obvs..... ! jumpers for goal posts....... :()
......4p
All gone quiet Nic.
On the LNG theme, this might help keep Trinidad in the LNG export game
http://newsday.co.tt/2021/10/19/young-green-light-given-on-manatee-project/#.YW6r2pWRBso.twitter
Has anyone heard anything in regards to our tender to supply the LNG FSRU in Morocco? The bid went in a several months ago, before the new government was formed and we were the only bidder.
I can only imagine a decision has been delayed because of Algeria's diversionary foreign policy tactics. A big question mark nows hangs over the future management of the Maghreb pipeline, not forgetting Morocco currently imports 50% of its domestic gas from Algeria.
Bearing in mind the Moroccan government has issue LNG import licences in connection with this and further down the line we might be building them an LNG import terminal??
https://www.reuters.com/article/morocco-spain-algeria-gas-idINL1N2RE1UM