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Hi MEM,
Not all having a go at you. If I have something to say directly to somebody I make sure I address my post to them. People can do as they wish, no problems with that all and why should I. I don’t see the need to address how many shares I have or when I intend to buy and sell. In this case of transparency, one would say they were selling down if they thought it was for the good others. As apposed to selling down then releasing that information. If let’s say people followed you and respected your opinions, they would of been buying your shares because you were promoting they should. This could result in them holding your shares at a higher price whilst you’re getting out of the back door. Then the post comes of I’ve sold down what’s wrong with that. Each to their own and everything always comes out in the wash. In terms of nonsense, it’s clear to see what is and isn’t.
Smart beds,
Don’t be harsh on yourself, you’re not that stupid, you’re invested in prd ;)))
Yes indeed Sefton, a fantastic “ship” but even they are only as good as the crew sailing them.
Fortunately for us we also have a superb skipper,Captain Griffiths, at the helm, avoiding all the perils and steering “SS PRD “ to untold riches, he is very ably assisted by his much experienced, fantastic bosun Lonnie and his crew. Full steam ahead PRED :-)))… love to all, even, dare I say it, our …….derampers ……..( just today though for them :-))) ) …….Dai.
MEM, no one cares, me certainly. I don’t know why you think it’s so important and waste bb space with it.
Morning Ford, if you are having a go at me for selling down my PRD partly, making some money elsewhere and then buying even more shares in PRD, what is your issue??? And why am I talking nonsense??
MEM
Typos:(((
Good morning,
I think they mentioned after the mag mell update that they would be concentrating on Morocco for the time being. They have strengthened the board on a mid term basis to help deal with the financial dealings, bodes well I’d say. We’re clearly in negotiations which could end at any day, good or bad. I think I remember grh stating that the people they’re dealing with he knows personally and helped him with his companies in the past. Forgive me if I have that wrong but again, how lucky are we to have them. If I have that correct we have a clearly successful member of this board who is invested, has a good idea of the people involved and is confident in their abilities to deliver. People have said “I’d rather they concentrated on delivering than posting on Twitter” which is it? They can only say what they can say. If it was a very confident (rampy) rns people would say that they’re ramping it so they can get a good placing price. We have three company makers, a great cpr on mou1, targeting sweet spots with miu4 and 5 and believe mou ne has another large active system or part of the same system. Some are focussing on how they can trade their shares as apposed to the end value creation, that’s absolutely fine but don’t talk nonsense. The other day we went don’t over 1% on a 6k sale, that’s says it all.
I was not disappointed in the RNS re Trinidad (I was originally in this stock for CCS/EOR), though I was obviously not overly ecstatic at the pretty much immediate decline in the SP). It looks to me, though the detail was sparse, that some quite good things are happening there and I think PG and Lonny have done well in that particular space.
The SP, whilst important in some ways, is just a barometer on the ship. What is more important is the quality of the ship itself and waht is the end destination - in other words, VALUE.
I see the quality of the ship as being very high and the end destination poetntial awesome.
Which is why I remain a decent size holder of PRD stock and don't really care too much about short-term SP movements.
I also think - and Ford and others have correctly adverted to this - PG and Lonny are doing this on a shoestring (which is, critically, enormously VALUE-enhancing - otherwise, huge amounts of capital are going to grand levels of staff etc).
They only have 24 hours in the day to execute and that may mean that things need to be prioritised.
Levels of detail in comms in general, and RNS's in particular, may have therefore been moved down the priority list. Especially when viewed against actually getting things done.
Nothing is ever perfect.
But it seems to me that PRD is doing many things right, has assembled some great assets of enormous VALUE and I am happily on-board the ship.