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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.
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.
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.
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……
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!
Agreed,lots of things happening in background and not even priced in,including the salta three wells,which started producing and producing around 500boepd together!
Company need to give all these info via rns and the SP will react accordingly!
Hold for gold here,I would say.
Bought another 500k today,
Been here and PPC for yrs - now hold 5m shares ??
Never surrender n all that
We got about 62% of the shares hold by institutes!!
And some shares are in sticky hands of private investors!
Not many shares are available for trading.
People will start having problem in buying shares here…..
NT will be with every attempt.
All indicators are directing to the north here.
Chart shows oversold.
Turnaround is happening with yesterday’s positive movement.
And golden cross is in the forming!
Hoping for price to be 1.4-1.5 before next set of news.
Hold tight, with 40mil revenue,mcap will not be just 10-12mil only.(10mil is our stake in ATOM).
Yes influx buys yesterday notice dumper still here this morning, seen this b4 buys up then sell down.
Dumper??
Can see trades of £40-£140-£112-£117-£225-£275 only. That makes me think someone is trying to keep buyers away bu showing more red trades.
There is only one trade of £3394 which is we can say maybe someone bought yesterday and doesn’t want to hold for loner.
Otherwise….. no seller around,and buyers will be taking everything available.
Hold for gold. Good time ahead.
40mil revenue for this year,with company in profit this year!!