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I agree, I will be looking to add more before the consolidation to take advantage of the deferred share option and of course the current share price. The deferred share might not be worth anything in the future, but you never know.
With all that's due soon, exploration drill (maybe delayed!), potential farm out (not priced in), current trading performing well with mixture of local and international pricing, US back online in Sept (hopefully!) Atom holding and now Greenhouse capital opportuinites - none of these appear to be priced in at all!
Plenty going on - the only concerns is why the need for the last bond raise and the potential to dilute on new ventures with GC/new set up under MAN. If the new ventures are viewed as positive opportunities then this might be what is needed to put investors/traders on their radar!
SP will be moving here really quickly, as more than half of the shares are in hands of big boys!
Really small amount of shares available in the market.
That will make it difficult for people to buy when positive news arrives.
Buy and hold now for the news……
Yes, ATOM stake is valued around £10mil alone.
We will see a great turnaround here imo.
40mil projected revenue for this year!!!
Company is profitable now.
SP should be moving to north instead of south.
Crazy valuation at £22m MC - ATOM holding is worth over half of PPC MC currently.
Now the consolidation price is set, can’t see them releasing any news updates until trading under new ticker MAN. Price still very volatile when limited shares are traded assuming this will be different following consolidation. I am hopeful for a rerate in Oct and looking forward to the first six months figures due end of this month.
Drop is overdone imo.
We are trading all time low.
Production increasing now.
Company is going from loss making to profitable!!
Mcap is tiny.
And oil prices are much stronger!
What is next??
Strong quarterly update and we are off to a nice northern movement.
Dyor,good short term profit to be made here.
LTHers might not find this opportunity to average down again,AIMHO.
approval, which needs to be ratified by the IMF executive board, would unlock $3.9 billion for the embattled South American nation, which is looking to rebuild reserves and tamp down spiraling inflation.
proposed capital reorganisation which will result in shareholders holding one new ordinary share for every 200 existing ordinary shares· a proposed change of name of the Company to Molecular Energies PLC with a new ticker LON: Men basket case of company longer term with PL stepping down may c better company, will look raise more money I'm sure next year, bad investment 4 trafigura
Notice argentina's inflation running near 80%
Nothing on Paraguay said be drilling end of year, expect news on progress here soon.
God bless the queen rip
Deferred shares:
Had a quick look re article 5 comment but have not been able to find anything specific on this e.g vesting dates - I am out and about for a few days so will take a better look when I get back home. As I see it, it could be worth 5% of your current holding (at time of transfer on 29 Sept @ 6pm) but unsure on the terms of a vesting period. I have emailed the company for additional information.
It will be very interesting re the timing of the release of the first six months for PPC, as these are due before end of this month - will they be announced before the General meeting 29 Sept, on the day or after - if investor want to be involved and potentially benefit from the deferred share opportunity, they they will need to buy and hold shares before 6pm 29 Sept.
I have a feeling there maybe some fireworks (in a good way)during this month and next with news announcements - however, I still think Paraguay drill will be delayed into earl 2023.
Also note from the ATOME RNS today that Nikita Levine has been promoted in the last few days and is now a Director of Atome!
To: 'Director, Business Development' from 'Investor Relations' interesting!
Yes, Seems odd that Malcy has been so quiet on this one. Malcy used to be one of those commentators that PL used to have interviews with and get favorable comments from especially re undervaluing of the sp. However, not seen PL interviewed by by Malcy for an age and my gut feeling is PL is distancing himself from the oil and gas side of the company in search of other deals elsewhere. I feel it was very poor of PL to hype Paraguay though so much and yet it only has a 17% chance of success.
Time will tell - things could turn around but as far as I can see nothing major is going to change things - I could be wrong - haven't heard much about Paraguay of late or the Farm out of the gas field in Argentina then there is also Atome - so there might be a few positives that add to value.
Atb,
Northern
Is there any detail available on the deferred shares? Any value in them?
https://www.investopedia.com/terms/d/deferredshare.asp
Rebranding, a new name these thing can sometimes really help. 1992 and the Premier League anyone? Opal fruits to Starburst? Maybe a fresh start is exactly what is needed here........
I'll keep invested here due to stubbornness, and an unwillingness to sell at such a loss. Fingers crossed for a big strike in Paraguay to turn it all around. 17% chance IIRC. This feels more like playing roulette then investing, but fingers crossed, it might work......
Even with the bonus of Atome, most people will have significant losses. Personally I don’t like consolidations and don’t feel that doing this will enable me to recoup that loss. Sell or hold, that is the choice! Does anyone think that the future will be better by holding? Hoping that Paraguay may offer a chance, but would prefer that to happen before any consolidation.
He goes next year, Argentina there down fall, too much borrowing 4 little return. Live and learn, dog of a share
shambles of a company. Malcy got this one so wrong, they have lost their way totally. levine must dissappear
Well a 10 year slow car crash not one of my smartest moves!
28 June results:
we are assured that we will be able to move forward with them in a concrete manner within the next three months which would still be in line with targeting commencement of drilling in the latter part of this year.
Due an update this month?
HL
Can sell 500k
Unable even to buy 10k lol
I tried to buy via HL same outcome, no quote but they will take any quantity. So who knows?
Still can't buy any - left it for a little while and have just returned, but not been able to buy any for most of the day now. I've cancelled my limit order for now! Can still sell though - very strange that I want to buy, but no MM willing to take my order?
Do MM's have any stock to sell? Is it just my broker? Is there a buy order in the background being filled? Why not raise the bid to encourage sales... I thought this was the job of the MM - to make a market!!
Anyway, will be a little more patient and see how it pans out.
Scandalous rates really. But at least it should all be repaid by dec 24....
Also, not that it makes much difference, the LIBOR has now been replaced by SONIA, so that should be the base rate the loan tracks
Most oilcompany's down today on drop in oil prices.