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Actual brain nigel... lol, you must try harder
Diss
Yes, thanks for your directness, a pleasant change from endemic sliminess however, when will GRH discuss placing risks?
You exhibit classic signs of transference: learn to think for yourself with your actual brain...
sorry typo...not placing...financing
Nige - from the last RNS:
"MOU-1 testing is planned for Q2 2022 following the anticipated relaxation of COVID travel restrictions in Morocco. The Company is fully funded to carry out an extended rig-less testing programme."
Now i think this comes down to the definition of "fully funded" - but to me, this reads as they have funds up until at least Q2., which could be as much as 5 months of cash. it might mean they have funds for the rig-less testing and some. But i don't think it is telling us that they have an immediate need for cash and hence a placing at or around 6p. But maybe if the SP gets to 10p, a small placing might be considered. What i don't see is a placing to raise the $12m or so, I suspect this will come from another form of placing. I might be wrong.
But the current cash position doesn't appear to be an immediate problem.
Yeah I read your ramping posts for HARL and VLS where you stated that placings for the stock were unimportant. Once the stock spiked then dumped you crawled away.
I read your ramp for TW which you put on this board. When there were serious allegations made about these people with regard them being rampsters you refused to deny them.
You are the most odious ramping little filth imaginable.
Its best if you crawl back to your hole.
diss
No reserves may be booked until full appraisal, financing and...FID.
It's all in the latest revision of the SPE manual which should be at hand when analysing any RNS and CPR.
Grh, have to admit, world class salesman and I'm not even joking.
What. is. the. consensus. on. the. cash. position? Honestly it is THE priority fact at this stage in a companys' gestation.
Try not to be dim, read something useful.
The little pr*ck was ramping VLS and HARL to high heaven and told people not to worry about placings. There they have to multiples on multiples on multiples of the market cap.
We have an asset worth already multiples on multiples on multiples of our market cap without going into the prime acreage. By that time we'll have the gas from MOU1 _MOU4 hitting the account to drill with plus sizeable profits banked.
The little troll is ramping filth.
Nigel,
1. I am glad that someone took the time and effort to send a card to GRH.
2. I am glad that GRH had the courtesy to acknowldege receipt of said card.
3. I am less glad to see you back seeking to sow discord without any facts.
4. The CPR seems to me to position PRD to avail of a number of financing options as the company moves to the next level. I thought the CPR was very good indeed, though it was very conservative (to wit, GRH's observations on the high discount rate used) .
5. I remain of the view that PRD is very well positioned and that the current SP is at a MASSIVE discount to true VALUE.
6. I have been following my view with my wallet.
7. I think we may be in for some interesting weeks ahead (interesting in a good way).
GLA.
Nige...I expect they will have very little. What is your point?
Fascinating stuff but...how much money will PRD have in t'bank after the MOU-1 shopping and operations list?
Why do you never discuss the cash position? THE most important factor for an exploration outfit with (in the Morocco case) zero bankable ie of debt financing quality?
Afternoon...
I have just received my second anonymous greeting card through the post...for which I am most grateful
My wife and I both read the wording with damp eyes...
SUCH a good bloke wrote it...
trying to change his family’s life for the better
Even though I don’t know the person’s identity, I thank him on here...
and just say that, if he would like to contact me via a direct message on Twitter,
I can assure him of 100% confidentiality...I would be pleased to talk with him
A line in the card said that he was ‘just’ a ....
PLEASE NEVER EVER describe yourself thus...
you are not ‘JUST’ anything...
You are right up there
Thanks
Regards
GRH