Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
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Barny me lad.. did you say you lived near hartlepool
given you are always so far up a certain story tellers arris Bob it sounds like you already have
fiddling while Rome burnt didn't end well for emperor Nero either
5.75p on the bid
who'd have thought it after ALL those glowing posts and name drops from the forums old messiah
EGO's are indeed hard taskmasters eh :-)
Can I be sleazy please, I've always wanted to fiddle about with snow white
NH, out of the 7 dwarfs I'd put you as Dopey, me I'm definitely Sleepy and Redbox perfect as Grumpy.
Others can fight over the other four, Bashful, Happy?, Sneezy and ... is there a Doc in the house?
Him of total knowledge and perfection is of course for ever more Snow White.
Agree Redbox, GRH is an expert salesman though, whether he is a dwarf or not we could find out but PRD lurks in the Crown Dependency of Jersey so I doubt if anyone will go.
His pernicious waffle must cease in my view. What has to be said though, quite easy to time buys and even simpler to see through Griffiths twaddle!
I put it down and pivk it up Keith ;-)
Sounds like placing talk at PANR too then imo.
I note in PANR's release today, they state "Pantheon, like all companies in the oil and gas industry, is experiencing significant inflationary cost and supply chain pressures at present". This suggests that the reason for the speed of placing as given yesterday is correct, and not the hogwash that some here have been proposing.
@Bob. Hmm, Beelzebub's Tales to his Grandson was real weird stuff.
Mmmmm, celestial mechanics. Yummy.
“There is a cosmic law which says that every satisfaction must be paid for with a dissatisfaction.”
George Gurdjeiff.
Just learn to be in the very centre of the permanent maelstrom. Of the permanent equilibrium of change.
Enjoy this day, this hour, this moment.
Love an stuff
Hbob
Red turns to green, increment tally by one, burdenweight reduction increases, informational intake value reduced by zero, clarity unhampered.
Jeethuth ! - talk about 'reversion to the mean'. Which does have two meanings.
I know it needed financing and perhaps the placing is better than the JV. What irritated me was the Lonny Tweets with PG selling out on the back of it while we were waiting for the outcome of the JV., they must have known they were taking the placing route. That behaviour can come back to bite when they need to go to the market at a later date.
That aside, the financing is there to get things moving in the next few months which is what we have needed.
Jonmo ... I understand that viewpoint but where some see dilution I see investment.
My calcs show a higher ROI with the placing v the proposed JV
And one shouldn't ignore the original MOU-2 MOU-3 MOU-NE (literally seeping the black stuff) not to mention the remaining 7000 or so square kilometres
Did someone mention a basin atop a basin ?
Poor governance and sentiment equals a lower share price which leads to 5.5p placings and more dilution, so it’s not just traders it affects.
Oilyfred sentiment is to traders as the moon is to the tide.
Those that understand celestial mechanics pay no attention to sentiment.
I'm interested in the 3 Ps .... permeability porosity pressure.... facts from Nu Tech no less
GRH,
Sentiment needs to change, no matter how you look at it this wasn’t how they wanted it to go re funding, Crikey they didn’t even have the Headroom for the Shares……
Trifle,
As you say, there *was* third party interest. There isn't now, so what I said was factually correct.
I did mention it before months ago
but lost in the noise
Has anyone any interest in what happens to contingent resources once proven by flowing gas?
Has anyone any interest in what then happens to those resources if the economic and market forces exist to convert into paid for gas?
Yup...you guessed it...
It all moves up to another different category
Something called RESERVES
I wonder how fast we can drill.test.prove.class as reserves!
Reserves are sort of interesting...as they can act as collateral for borrowing
Add in some dare I say it LEASE finance...for production facilities
Anyone see where this is going??
Regards
GRH
Michaelnw,
You stated ‘no third party interest’ which is factually incorrect. Just adding a bit of order here and there.
Trifle,
Predator have been seeking project-based funding since September last year.
We know there was third party interest. They could not execute JV in time for drill window.
vegas,
"Technical case is proven
Business Case is very strong"
so why no third party interest?
Fully agree @vegasnomore, you've just summed up the buy case very well there. Well said.
I have a similar view GRH.
PG has decided that retaining full field equity at the cost of the placing was the better option.
Peterhouse brought in to execute the JV. No JV (as was envisioned) then little value in having Peterhouse.
For those a little shaken by today may well find comfort by re-reading the latest SLR CPR (bearing in mind a large element of risk is now removed) alongside and the Nu Tech information.
Technical case is proven
Business Case is very strong
Finances in place for MOU-2 and testing of both MOU-2 and MOU-1.
Let's get drilling !!
ATB,
Vegas
Bear in mind that the recent Nu Tech rock sample results were truly astounding
I suspect that changed things...a lot
IE we realised we could go it alone without much dilution
Obviously we do not know
but it was Peterhouse 's job to come up with JV...within parameters
Whether they did that or not...we do not know...
but in either event we then decided the price was too great in terms of field equity
Regards
GRH