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Buy now Hampshirelass I can buy a load more than what I can sell.
Hampshirelass, not being able to trade online is very common (not just on PRD) and not necessarily the sign of any imminent news it's just the first route of buying to get switched off as it's the most susceptible to dodgy dealings, best way is to ring your broker if online goes offline.
Hi MEM
Yes that seems to work if I buy £1k at a time, but I begrudge paying £100+ transaction fees .
Regards
HL
Hampshire lass is smarter than you think MEM...
Hi Hampshire Lass,
Try buying in blocks of 50,000 shares, if no joy 30,000 shares.
MEM
HampshireLass, you should post more often - the stock jumped on your post!
I don't normally post, but I am furious because I have just tried to buy £10k worth or shares but I could not get a quote. So, I feel that there is something very odd going on. Especially when I see that there has been so many small "sell" trades today.
Lots of supposed small sells - but I can't buy £10k worth of shares????
Can anyone explain what that's all about, please?
Redbox,
Your points are well made.
The two posters mentioned - Geowiz and Nigel - have indeed made themselves look like imbeciles.
The point I was making is that for some outide observers (including the Family Offices and hedge funds), they do not know the context of the board and just take a view of either not buying (because they do attribute weight to all postings, not really knowing the history) a=or just waiting until it falls futher (because there is seemingly no buy pressure).
I know that one fairly major Family Office took the latter view. And because there is no independnet research report out from a decent investment bank (in itself not a good flag), they do have a point (I have been speaking to them at length on this).
Until the company seems ITSELF to want buy-side pressure on the SP, investors have to be aware that that is a less than helpful dynamic.
The fact that they will not even respond to investment banks or hedge funds is indicative of a comms attitude problem.
Which has been clear for many months....
I am just a shareholder here in PRD. I have a pretty decent number of shares and I have held them for some time - I have only ever been a buyer.
And I have always been very excited about the potential here. And I remain so.
But, I am not an E&D or O&G expert myself and am much more focused on the investment arbitrage - which, here, I think to be vast.
But some effort has to be placed by the company on a) getting decent pro-active comms in place and b) getting some buy pressure (which needs a proper investment bank talking to hedge funds and Family Offices and putting out a proper research report).
We have had very good information of late (the CPR) and the overall "mood music" is good (rising oil and gas prices, the Ukraine crisis, etc) - but the SP is slipping.
And, were it not for some very excellent and determined posters here (GRH, for one), it would be possible to read this BB and believe catastrophe was imminent.
I know that it how the advisor to one Family Office read the situation - because there is no investment bank research report to give any ballast to the upside assessment.
And the situation has been made worse by LSE's (inexplicable) decision to disable the ability to track historic posts.
So, finding the brilliantly insightful historic posts by GRH, mem, Methodology, Private Tesla, Obadhia, etc becomes very difficult.
This company has to sort out its comms and investment banking strategy. I have been saying that for ages (which you you could see if you could see my historic posts).
But the current sitiation is crazy - and we all become vulnerable to Nigel, GeoWiz and the like.
The information of late and the overall context should have set PRD up beautifully. That is not happening.
I am prepared to wait for it to happen. But I am ****ed off because I think it is an unnecessasry own goal.
Geowiz,
Initial monetisation of Tendrara appears to be CNG, no reason why PRD can’t do that.
Subsequently, kindly compare the distance of Mou to the major pipeline to that of Tendrara.
Sound energy, aside from the shameless ramping bs had one key issue very similar to PRD and that is distance to market.
So PRD needs big volumes to make this work.
To be fair to Sound they had logged and tested actual gas in their reservoirs which is more than can be said with PRD.
As I say let’s see what the independent CPR says. It may be worth the risk but no doubt there’s a lot of risk until they get a decent test.
Morning all
Geowiz...
it would be all too easy for me to respond flippantly to your post
by saying that whilst I didn’t understand it
NOR I suspect did YOU !
I agree with others that it is very evident
that that you are here to try to throw ill informed FUD...
But bizarrely your post has a useful purpose
You have tried to highlight how poor the Sound results were
and of course that is regrettably so...
those results cost very many decent people the ‘shirts off their backs’ (old Lloyds expression when a Name at Lloyds)
You may or may not be aware that there is one poster on all of the BBs
who correctly forecast every Sound drill CORRECTLY...in advance
He was widely vilified and the shout-ists bayed for his blood...many screamed at him
Funny old world...they were wrong and he was correct
((His name?
Oh come on ...your must remember
Still no clue (par for your course) ?
He was G
Something or other
I am sure it will come to me after a decent coffee))
Anyway
Sound was actually trying to find decent hydrocarbons in the upper TRIASSIC....
deeper drilling and very expensive
But their porosity and permeability and charge
were VERY different to those of the MOU1 drill of PRD
We are talking WORLDS apart...
Simple example 8% porosity versus 16% for PRD
Charge and permeability ...or lack thereof...did for them...
GREAT pity and an enormous regret of mine
MAKE NO MISTAKE:
I consider that Sound DO have terrific opportunities within their licences...
but they failed to heed clear calls to switch their chosen drill locations
They and their shareholders paid the price
Keith is correct...
PRD have very many choices at Guercif
re both areal locations and strata
So much so ...that PRD faces a different issue:
IE:
WHICH 25% of the licences will PRD choose to relinquish at the end of this year?
PRD would obviously wish to give back the ‘least pregnant’ (yes I know) parts
It is a dilemma which has affected hydrocarbon explorers many times before of course
one great example being MOL relinquishing part of Akri Bijeel
when in fact that relinquished acreage was and remains highly prospective
Thanks for allowing a decent discussion to ensue
Regards
GRH