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Exactly. I would hope management (and possibly more so, the big backer BH & LCP) have been looking at other funding avenues during all these funding extensions so I'm expecting something credible tomorrow or sometime this week. Not saying it's gunna light up the SP but atleast it'll be progress. I doubt they'd be moving ahead with site survey if they had no credible options.
Well rather than we all be totally negative still some weird goings on.....like why do seabed survey at £1m if all was lost? I think a plan will emerge of sorts in next two weeks...possibly even tomorrow
MATD have already 4 bagged this year. Not saying their drill result isn't a positive but you have to put it in to perspective.
Really interested to see what the funding plan is going forward here at LOGP. SP is close to the bottom so any good/not bad news should be well received.
honestly I wasn't going to post. but if you know anything it will be NOVEMBER.
Sorry you never had any faith in cosl or apec mamms.
I think its pvr agm.......funding aside.
The Saudis are cutting production to force up the price.
It seems American fracking is now producing the most oil in the world at about 11m barrels a day.
https://www.dailymail.co.uk/news/article-7443595/Saudia-Arabia-cut-oil-production-attempt-raise-prices.html
Tell me about it SirB.
I'm in MATD and HUR and both have had massively underwhelming reactions to positive news. Even OEX, which I had long given up on, is way below where it should be on potentially game changing news.
Strange business this. And then you get companies like BPC that multi-bag time and again on nothing.
I suspect a change either this week or next, as PVR need cash and soon...….
Getting rather dis-illusioned with Oil sector, all rubbish here and MATD announce potential positive drill and only 5% rise....
It is getting beyond a joke.... I wonder what they say everytime they ring up asking where the money is??? .......The cheque is in the post? They must be convincing to keep PVR pushing the date back realising it's making the company look completely incompetent everytime is fails to arrive. But then why would they provide evidence they cash has left their account...it's weird to say the least and it's only 9m which lets face it is bugger all in this industry.
Plan based on hope by the looks of it. Posters on the PVR board seem to have written off the prospect of Chinese’s funds arriving.
What’s more amazing is that they’ve not come out and formally pulled out by now.....as three months later it’s still being posted ‘if funds arrive Monday’, quite simply they are not going to....but with site survey going ahead...there must be some plan afoot......
Just looking back at when the funds were meant to arrive. 5 June
“At the time of this RNS, this US$9 million loan advance has yet to be received by the Company and, following further discussions with APEC, the Barryroe Partners have agreed a revised backstop date for receipt of the loan advance of June 14, 2019. “
So 3 months later and still no sign of the funds.
It’s a bit like boiling a frog, need to stand back and look at the whole picture, rather than holding out hope from one RNS to another. Have to say its looking more likely that the Chinese were just tyre kickers.
May be Tuesday morning RNS.
Could get intra-day RNS on Monday also if funds are received.
As PVR surely have to raise funds, there in a place now where they may want to give another week to see if they will arrive, but obviously after such a long period can definitely not bank on it.......
So maybe we’ll get to see what the final plan is, most likely without Apec
I think we have till close of business Monday....so no RNS till Tuesday.
I think that come Monday morning, the same impediment to completion of the transfer will remain, Rocklawn.
We all need 5/6p a share ... we have waited long enough ... RNS .. Monday morning hopefully ...
Yes just spotted that topsharepicks…..PVR ticking up...imagine a last hour RNS saying money finally arrived... a nice 150% would go down well before the weekend!
both gone blue PVR up 8% now could be RNS after close
yes very cheap... but without the funding its going nowhere.... Its like having a massive plot of land with planning permission but no money to build the house!! Im still hopeful the money will arrive at some point... hopefully soon!
Bigbench, 3p would be nice.
Given the Barryroe resource 1.5p here seem to be crazy....
got to be higher Mr. P id say over 3p
Where do we think this will Open on Monday with Funds received RNS...
2.5p or slightly higher ?
…. at the lower end.
Not sure we will get an rns tmrw but, hoping for a response rns from Apec on Tuesday saying they will have the money sorted ASAP!
Not 100%!sure always on Thurs, but seems a weekly thing Day it coincides with a PVR tick up i’ll Get excited .....
Friday again tomorrow ......long huff and sigh......