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Apologies Wacky, I should have certainly included you! But in the meantime, here is Nige to tell us all his qualifications, yes, like we care.... just answer the question from GRH Nige, then we will leave you alone, possibly. For those that don’t know, here is the question AGAIN. you did claim relevant experience a while ago ... and you were kindly going to set out for the BB what you have achieved either in the markets or of course within E&P itself Despite a reminder having been posted, I don' t recall seeing your note on that...
——— See, it doesn’t mention qualifications, does it? So c’mon Nige/Tim/whoever, answer please.
A certain poster remains on filter following their posts on the Cerp/Lgo days many moons ago. Unfortunately, some continue to refer to this poster on a regular basis. Please don’t entertain them as the naysayers have nothing to offer us lth’s as they hold zero shares……. Please do not feed them. This bb is very fortunate to benefit from the research and knowledge of a number of contributors. I don’t post very often but I do devour everything posted….. many thanks to you all… you know who you are :)
Total nonsense at this stage. Only been (regrettably) in tadpole E and P's for 11-12 years but investing in normal, sane and sensible companies for much longer. When you spot a future healthy div cover ratio in a company destined for the FTSE100 and accumulate for ten plus years before selling down to the minimal risk types/pension funds etc then you are qualified to wail on about dividends.
How self destructive would you have to be to view a share as "worth a punt" at 5p, actually invest money in it, then spend all your time trashing the share, it's directors and seeking to make the BB discussing it a thoroughly toxic environment.
That is possible. Far, far more probable is that you have no interest in the share at all. As I have said before, you have a clear agenda, and I don't care whether your reasons are personal, puerile or professional, they are certainly not an intention to help the poor beleaguered PIs of the world.
Enough already, you are just embarrassing yourself now.
Explicitly said the share price would NOT reach £15. Has stated the overall value, over time, could reach that level but following special dividends through sales. May or may not come to pass but 5p seems too low.
Its true tmh and almost inexplicable but within a year or so of starting investment in micro E and P's 12 or so years ago I quickly recognised what was expected in terms of buying/holding behaviours in the ever replaceable PI community, deduced that we were being serially grifted and decided that for myself, extreme caution and scepticism should be employed.
Odd though, in spite of moderate success gambling these weaners the last three RNS's from PRD caught me out. A promising if unusual outfit turned into a stinking pilchard but...I am hopeful that Guercif might eventually produce and that 5p, although massively high risk is possibly worth a punt.
Basically, 70-80% of tadpole E and P BOD's are snakes and weasels, as long as you accept this fact life is easy hoho etc etc
Evening Splice, did you note that Sefton82 is already inferring (dribbling) that you are part of a paid cast, employed to trash shares.
In order to understand the PRD read the whole script, everything on PRD's website but be clear that this is the third company that Griffiths has started, mostly to poke around in Ireland and Morocco: read up about Island Oil and Fastnet hoho!
In fact you should know that 90% ish of AIM and main list E and P tadpoles load financial risk onto their private investors then suck them dry of cash as successive dilutive placings demolish the share price.
Some useful case studies for you to research, weeks of effort but essential. GKP, SOU, RKH, BOR, BLOE, UPL, UOG, EOG, MATD, RBD, UKOG, XEL (a stinkbomb), 88e and on and on.
Diamonds like Cove Energy are very rare.
For months a colourful character named GRH has been pumping a £15 share price supported by a few others, he's a bit 'long in the tooth' and rants on about my qualifications, I don't have any as an investor, neither does anyone else: irrelevant anyway.
We all welcome negative views, we only ask that they be based on facts and logical reasoning. The data is there for us all to see and consider. The problem with Nigel and his ilk is he throws out questions and insinuates disaster without giving any tangible basis for his views. He is less cagey and more slippery or evasive.
The most common complaint from the negative chorus after the RNS of 6 July was that the word pleased wasn't in the first paragraph and the company did not use the word commercial. Many posters, Nigel included, referred to the well as dry or a duster because the company simply wouldn't have issued an RNS like that if it wasn't true. Other posters, especially wacky, went out to find resources to help us understand the figures and find comparators where there were commercial quantities found. The company has now confirmed it has a reasonable expectation there are commercial quantities present, enough to do further research to confirm the position. Nigel, however, continues to drip poison without actually engaging in the debate in any tangible meaningful way. In fact, he is remarkably evasive and won't even give us details of his background he himself confirmed would be forthcoming later.
After that, he has really burned all bridges to being taken seriously whether he began making positive or negative comments. In short, Nigel himself has failed/refused to give out any rational basis for his views in all the time he has been here bashing the share.
I would be interested in better understanding Nigel's view, I like to know the bull and bear case. He appears to be very cagey with information. I am bullish but am concerned about their low can balance tbh.
In all honesty, I have not added a great deal on the research front and have been very grateful for the work of others here. I have reviewed on commented on it for the most part, and was reading for a year or so before I even registered. Its worth noting that Thewackmiester has done some good work too and was doing so well before the latest noise.
I've only posted more frequently recently as the relentless agenda driven bashing of the share needed to be called out.
Hi Splice, no, you have the ‘big dogs’ completely wrong. Nige is simply a mouse. I mean, he won’t even answer a very simple question for the REAL big dog on here, GRH, and of course there are others such as Sefton, Middle East Money,TT-T and a few more. And assuming you’re not actually a paid deramper yourself, here is the question that was asked by GRH to our Nige: you did claim relevant experience a while ago ... and you were kindly going to set out for the BB what you have achieved either in the markets or of course within E&P itself Despite a reminder having been posted, I don' t recall seeing your note on that...
Nigel is more like the little chihuahua of the board - very noisy, thinks a lot of himself but doesn't really have the substance to back that up.
This board has a lot of really valued contributors, but you can tell from the content of their posts who is doing proper research and who is just spouting hot air. You may find it useful to look at the reddit page where a lot of the well researched posts have been collated: https://www.reddit.com/r/PredatorOilandGasPRD/
As to when to get in, many of us are buying right now. I suspect the bottom was hit some days ago and barring some minor variances, most likely up from here.