Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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maybe. Though, thinking it won’t be for 12-18 months
A while off then LGO-fan........!
nice one........... mid year.?
All the best (keep up :)
well, they just had one Chesh....so, I am afraid you are going to have to read an RNS or 2....you think you can manage....happy to read it out for you?
So will the next placing be in $'s or £'s.......?
and how long we got......... until they announce it ?
All the best (Q)
PS PQE is quoted on the Frankfurt exchange under $PQEFF.
The quoted price on TSX is Canadian dollars. We subscribed in US dollars.
The DK tech was related to FH and heavy oil not ZR or Austin.
The OKE Quad Probe worked and if we had the capital we could have taken advantage.
To be fair, there have been some really bad decisions along the way.
Hopefully, all that is in the past.
Any progress on NASDAQ?
idea what happened with Kahn, looks like maybe he sold and never notified.. BLOE is frustrating but what’s done is done. Now onto Mayan to perform, no excuses can be made now. They have assets, capital and experts involved. Just hope the Pqe shares aren’t sold too soon, very big upside there.
Block e investment was a very poor decision, think the markets can see exactly what bod have done over the years placing after placing with hyped up news that never materialises. What happened to doctor Khan and his magical tech. I ain't forgotten all that's gone on and how us pi s have been rinsed time after time. I live in hope but haven't got much faith in this company.
I understand it takes time to turn this around and am happy to wait and see the rewards.
However if we start making money but continue to place to fund the work we the share holders won't benefit form their good fortune.
Its early days but they do need to make sure they can grow at a pace that they can self fund from profit.
It seems aim just abuse PI's. Thats a general observation not saying its myn's intent ( yet ).
However i'm sure the inner circle will be well looked after.
Just saying we won't get liquidity without new investors. They need to be considered soon.
https://oilprice.com/Energy/Crude-Oil/Shell-Ventures-Into-Chinas-Shale-Oil.amp.html?__twitter_impression=true
Hands up if you were explaining to people that China wanted to develop in N China! Now why would Petroteq be tweeting about that? Oh yes they have a tech solution but are useless managing the engineering.
DYOR
It is still frustrating Mayan start producing and get the balance sheet into profit but the share price remains the same. It’s all good all this progress and the company becoming stronger, but shareholders need to benefit out of this too. That’s the reason we are all here. Isn’t it? Sorry guys, but atm my glass is half empty.. perhaps when we see some rise in the SP I will be more positive.
Read the RNSs. Break even is about 40 bopd. They were on 57bopd a week ago with production improving. Look at the spreadsheet they did, that has changed.
They are going to bring the 7th well online at a cost of about $60k.
I could be wrong but I reckon somewhere between 70 bopd net and 100 bopd net at the next update.
This is a constant process to improve the production and they will be constantly looking at what can be done to improve production.
I think maybe 15bopd without much work but after that it comes to what they decide to do and what, if any permitting is required.
An example, supposedly we have Behind The Pipe resources at ZR: do we perforate now to test an interval or do we wait for the sub-surface survey?
We are now at the stage of having gotten some production going we need to make decisions about what next.
It is more important to get the next steps right than rush it and make a poor decision.
IMHO DYOR
See you avoided numbers Ors...
So here is a few for you ... we sold BLOE for £210k less than 6 months ago that would now be worth £1.2million, and in the meantime PQE has dropped 50%...
Funny how we always gets it wrong isn’t it?
Helpful don't disagree that the money will be well spent, but it needs to deliver.
We can't keep diluting the share price at the current rate.
We will have 10b by year end if we can't get into profit sooner rather than later.
We need new investors to move the share price and we won't get them if we keep placing.
Anyway have a good long weekend :-))
Helpful
So you reckon we might just get 100 net from all at Austin?
Also what’s the conservative figures for the working wells at ZR after workovers?
Thanks
Maybe but all the money is going in the ground.
It is quite different to have a placing to pay salaries and one to do further work.
I am very hopeful here.
DYOR
Below placing price to buy and no interest.
Placing i feel was just to big. Going to keep my powder dry.
Need very good news to get this going now.
More of a plop than a bounce.
However that's not to say they can't and won't deliver.
anybody who has researched know we obviously stand at a loss - but that is the same for all PQE shareholders, not just Mayan.
I am expecting a material turn around and soon - that's why I have been adding. Let's see.
Also tell him what we paid for them Ors...
Let’s see how you ramp this one...
ok, what is the value of these shares now?
Disagree - imo Petroteq will make some very serious money for Mayan shareholders. It is a major investment with a holding of over 1M shares and 1M options. Watch and see.
*banging on about
We should be banning on about Austin, ZR, Attis potential etc etc but not PQE. We have a tiny holding and PQE will need to grow an awful lot before MYN / sorry, ATTIS!, sees any major benefit of it!