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Good grief
Blimey!!!!
That is a truly incredible post
All I would say is
if your financing experience is limited to a CLN
look and learn
look and learn
I wish you well but you are playing several leagues down
Regards
GRH
Tom - what is your view of the Nutech analysis, please?
Are you aware that anyone can issue a CLN? You can buy the form, a bit like a tenancy agreement. There’s nothing mysterious about it. Or dodgy.
Tom58,
To add balance to your post and my post, I do state quite clearly the reason there might be no JV is that any possible JV partner might think they have us over a barrel, and try and apply the thumb screws, therefore the balance of a JV might be too much in the favour of the JV company, therefore greed might be a reason for PG to say no thanks.
Surely Tom you do not want a JV at any price ???
The silence will be broken at some stage.
I tend to agree with GRH there might be some innovative funding, as I have alluded to before…. Something left field, from our new NED’s
MEM
Tom
Have you done your research yet? Or are you going to do it after you’ve sold?
As GRH suggests JV and/or placing are not the only source of funding. Think some on here need to do some thinking outside of the box!!
Still in chillax mode :)
Replying back to MEMs Post
If no JV, Then questions must be asked on Why, What are they seeing that others are not, These people have access to almost everything and if its a NO , Then why since all due diligence will have been carried out.
If a chance of a Duster, Do you think that a company will be willing to stump up the money? We still don't really know if Mou 1 was a duster, The sell off says it was, But the CEO says it wasn't, It comes down to who do you believe. PG has form on leading investors on stemming back to EOR and the time scale and what it really produced.
If a placing , Then you are paying for the CEOs dreams at little cost to him since Share holders will be paying Via dilution and its OK saying that the CEO is the biggest share holder but there is a reason why the head office is set up in jersey and that's Tax and other costs savings and i am sure that all companies setting up in jersey reap the rewards but the biggest winner will be the BODs plus PG will be on a good salary plus he has just picked up a large amount by selling under a company that no one knows about .
Regards the comment "For the record, if no JV, it is probably for the right reasons, the possible partner were maybe too greedy, I do not think a Placing is a negative," I beg to differ , I believe it is a negative specially after all these companies doing their due diligence, Something that private investors can't do Inc People in this chat.
If i am lucky to get my money back, I will be selling up, Seen to many people loose money over the last year with ADV and Clon and both had a high COS unlike Prd.
Don't forget , Many have been bitten with the run up to spud with a run of placings specially on the day that the SP hit 22p .
Not to be trusted!!!
MEMs post below
Since the May 12th RNS and still no news……
Sept 8th = 120 days
I have to start to accept that as the days drift by and still no news, it is becoming less likely re a JV on our terms and the balance starts to shift towards a placing. Either way will bring clarity on finances and a timeline on drilling/testing.
For the record, if no JV, it is probably for the right reasons, the possible partner were maybe too greedy, I do not think a Placing is a negative, far from it, we are still 100% owners of our Morocco license (less Govt 25%)
We MUST move the project forward, otherwise 2022 is a wasted year…….
MEM
Hi FMS, yes, let us see what Sept 8th brings….
Hi MEM
Have you seen sounds financial announcement this morning interesting timeframes though.
GLA
Since the May 12th RNS and still no news……
Sept 8th = 120 days
I have to start to accept that as the days drift by and still no news, it is becoming less likely re a JV on our terms and the balance starts to shift towards a placing. Either way will bring clarity on finances and a timeline on drilling/testing.
For the record, if no JV, it is probably for the right reasons, the possible partner were maybe too greedy, I do not think a Placing is a negative, far from it, we are still 100% owners of our Morocco license (less Govt 25%)
We MUST move the project forward, otherwise 2022 is a wasted year…….
MEM