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filtered her already!!!
Seen this nonsense before from Charlotte, haven’t we.
Good Afternoon Charlotte, all fair points with the exception of fighting a share down for a lower entry point: there is no need! The fun and profit taking at this stage is in predicting placings, that has been going rather well but Pilbeam lobbed a jobby into the machine hours before another placing, no matter as I followed him into the gutter.
My holding now is not underwater yet is quite small.
GRH is a classic salesman, posting irrelevant mess re family, dogs, you name it but always coming back to the pitch of a £15 return ie dividend, Ghawar, spectral analysis (just a geophysical tool used for play location).
The bleating sheep follow him, hoovering up the turds. At the inception of PG's third go (did you know that?) pecking around in Morocco I was prepared to give him some slack but I'm afraid the sliminess has usurped any positive emotions.
Anyway, I look forwards to my 400k+ dividend haha! Atb H Globin.
Charlotte, v smart observation of the old horse: 3,000,000 shares in a business which he has freely not only confessed that his experience is almost non-existent. He could not even understand the negatives in the massively dodgy director share dump immediately prior to a placing, exiting thereafter.
GRH plays the classic salesmanship games of sharing private information, this or that elderly person died, some Labrador got flattened by a tractor, the gearbox replacement on his Austin 1100 cost 8% more than expected. Blah blah etc etc. Drops in the odd little tease about Ghawar or Leviathon etc etc.
Absolute 100% sales type!
https://twitter.com/javierblas/status/1556652176906371072?s=21&t=za6o6gYGVrBk0UZOBRcyQQ
https://twitter.com/javierblas/status/1556617030341640192?s=21&t=za6o6gYGVrBk0UZOBRcyQQ
Good post, Charlotte, some sensible points made, in particular the redirection.
I feel when September comes things will start to move, especially with the presentation in London.
For now, I am prepared to sit and wait.
CharlotteB , One of the best posts on here for a long time.
You say that i am bitter , yes i am bitter, Not against PRD, But against GRH and MEM for their ramping and catching me out at 16p on what many would say FOMO.
It wasn't until the decline in SP that i started to do research and yes i joined the Share Props site and amazed on what i was reading and if i had known, I would never had invested.
Luckily i sold half at a loss at 13p and that's invested in a proper company making good revenue and paying a dividend.
Regards ramper's on here , I believe that they are closer to PRD that what we think.
MEM mellowed a bit but i still remember the following Post
RE: Morocco — carbonate reservoirs with a stratigraphic closure01 Oct 2021 17:52
Sefton, GRH and MEM are the biggest in here
I look back at this post trying to create a FOMO
middleEastMoney
Posted in: PRD
Posts: 3,286
Price: 4.95
Strong Buy
Possible Timeline27 Aug 2021 16:58
For serious investors things are about to get super interesting. I suspect the following timeline is likely.
Tuesday 7th September PRD publish an RNS, updating the Market on various strands of our business.
New Company Presentation published on PRD website.
Wednesday 8th an additional RNS possibly outlining a JV Partner for Morocco/Financing/Drill schedule
Thursday 9th - allowing the market time to digest news from the previous RNS (s) the Investor Presentation
Anyone not yet fully invested should IMO finalize their DD and buy ahead of company making news.
The last 6 weeks depressed SP has presented us with an opportunity I never though we would have ie buying at sub 5p. Possibly only 6 to 8 trading days to take a position, then I expect we will resume our SP climb.
The future SP performance will be driven by clarification of facts (certainly this will be true of our Moroccan License) and a removal of ‘tight hole status’ which I suspect is being controlled by the Moroccan Govt.
Enjoy the long BH weekend
Hi S82,
Instead of BMN consider FAR, excellent management with a massive Vanadium play.
I generally stay away from mentioning other stocks here (PANR occasionally), though I only got into PRD because actually Nicodemus mentioned the stock on another BB and I then got interested (I have told Nico before that I am very grateful indeed for the tip - especially since, in Redbox's view, I am too stupid to think for myself).
But I am very interested in the battery storage space and, in the context of MEM's post below) I might observe that for any that are interested in battery storage solutions and particularly VFB (Vanadium Flow Battery) and ways to invest in that space, Bushveld Minerals (ticker:BMN) could be worth a look.
I have held it in the past but I do not hold it now (I may change that and re-enter but I am currently out). It has very good assets in a very interesting space and - simpleton arbitrageur that I am - I think it may well be priced significantly below true VALUE (it is trading at 6.20p as I write).
I think BMN is very much under-priced relative to the VALUE of its assets but the reason I got out and am not yet back in is that, totally unlike PRD (where I believe PG and Lonny to be generally excellent and certainly committed), the leadership at BMN is utterly ****e and dedicated only to maintaining their own lifestyle.
Even so, the thing may yet realise something approaching true VALUE.
Hi Keith,
I cannot access the article, but it sounds as if Germany needs to install huge VFB’s to store the power for later use.
Anyone on here worried about there own power supply this winter should buy a solar kit, solar panel, controller, 1 or more battery and battery box (uk 240v socket plus various USB sockets) and put this together now, ready for rolling power cuts, blackouts etc.
In addition, buy a few rechargeable camping lanterns, a dipstick to heat up water for a tea/coffee and a electrically heated over blanket/rug to sit under to keep you warm during what could be a very trying winter.
Do all this now, before stock runs out
MEM
Here's an article that says Germany is having to shut off supply from solar panels on sunny days, since the grid can't handle the output. Maybe someone should explain all this to Minister Ryan.
"There were 257 days last year when (Germany) had to cut off supply from solar panels on parts of the grid. While it takes just a couple of years to commission a solar power plant, updating the necessary infrastructure takes between five and 10 years."
https://www.msn.com/en-au/news/techandscience/when-the-sun-switches-off-the-solar-panels/ar-AA10onGV?ocid=mailsignout&li=AAgfYrC
In additon to the more serious issue of cooking & heating affordability and distruption, when the green & woke brigade can't use the internet 'cause datacentres are throttled, they'll be spitting out their ice cold cappuccinos!
https://twitter.com/DanielTMurray/status/1556198967062536192?s=20&t=A6_3y2iJQx6uiTsTeM1Glw
Goehring & Rozencwajg.
Q2 2022 Market Commentary is due out any day now.