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Thanks Brasso3, I was looking at a glass half empty not half full.
Dealt with lots of oily companies over the years but the sector is currently totally out of favour and fashion. The sector will come back into fashion. It's a bit like becoming a VEGAN that's the latest trend, becoming healthy - well just you wait because the fact is that most VEGAN food is highly processed and is not healthier for you. eg how can you make something like corn or wheat taste like chicken or have a meat free sausage unless guess what - it has been highly processed. You'll probably see this on the news in 6 months or a years time that a study has found Vegan food to be unhealthy and everybody will go onto the next thing. Now take oil companies, lots of fund managers stay away from oil companies because their product damages the environment, etc, etc ,they think that's what their investors want. Truth is those investors do want to save the planet but they don't really care that much or they would act on it, if they did they would dump their cars, they would dump their holidays because the plane is damaging the environment., stop eating lamb because the methane they produce damages the ozone layer, etc, etc. The older you get the more clearly you see things, and PPC in my opinion is clearly going to be a winner and I think the signs will be there well before the AGM.
Maybe you should look at this differently rather than a missed opportunity. Trafigura are prepared to invest a further $6m at 4.65p before the end of 2020. At todays price you are entering at a lower price than they are willing to pay.
I am tied up elsewhere, one of those investments where something was supposed to happen in the next couple of weeks which has gone to months. Kicking myself because just seen where the sp is and the comments and I can't join the party.
I am looking at something which I have seen over the years as a real sign of when to get in and in my opinion it's well before the AGM. If I am right there will be a significant rise in the sp before the agm, which will almost certainly come from 2 RNS - 1) provisional results but more importantly forecast going forward , 2) Gas line completed. What I've seen before is an honourable CEO (admittedly no CEO is 100%) gives you the clue. ie he sent a letter in December saying the sp was ridiculous compared to asset value and future revenues PLUS his associated company will be putting their mouth where their money is if they get shareholder approval. Peter's covered his r's should anybody cry foul as he just refers them to what is out there in the public domain. Really wish I could get onboard before the RNS's.