Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Mou5 is currently funded from uncommitted discretionary cash. I would not say there will definitely not be a fund raise before drilling
Jimmy,
I don't believe that you are posting as someone else and think you have a lot to offer this board. You raise some interesting points and find it strange that some jump so readily to conspiracy theories. I'd rather listen to straight talking points of view and facts as opposed to riddles (which waste everyone's time). Keep up your posts even though I may disagree on occasion.
I remember Captain Sensible on the Telegram group.
Eventually he inadvertently posted and signed off another name and then quickly deleted his post once he realised.
Wasn't quick enough though 🙂 I had already screenshotted it then re posted it so that all could see his duplicity.
There appears to be similar posters on here.
Just to let them know..........We see you.
GLA
Here for a teddy bears picnic 🧸 🧺
@munnie, I'm confused, does prd have a good chance of success or not?
"Again, prd is not one of them and shorting a company with prd prospects would be foolish"
So in short, you're looking for a cheaper entry point or waiting for a placing.
For clarification:
I said that funding will be required at some point in time. Various ways to achieve that and all depends on test results.
My point is that we are fully funded to carry out the testing and drill one more well. My understanding is based on the RNS. It is a legal document. Are you saying that Predator are issuing false financial figure?
I therefore feel it highly unlikely that predator would look for more funding before issuing the sand jetting results.
It would also have a massive negitive impact should we attempt to raise more money without proving up anything.
The only addition fund raise I would personally approve would be to finish off MOU-2 and additional funding to test MOU-5 and 2. (Not sure if Mou-5 is funded for testing)
The time scale has slipped but the research still keeps me firmly holding tight to my shares.
Are we not forgetting T&T, i think there might have been an rns relating to the outcomes there and what the financial benefits could fund.
Better that than Helium One who publicly stated they needed funding and caused they share price to crash.
Madman Rob
88e also just said they were 'fully funded' not a couple of weeks ago in numerous 'legal documents', as you put it. But then immediately placed for £5m shares.
Now, its entirely ludicrous to compare prd to 88e. 88 are a well-established sh*itco who will likely trade in the 0.000s of a penny eventually. Prd is not that. But both need funds to ensure survival, and you will know if you have read all the previous rns here (as I have) that Prd placings have come multiple times in spite of posters such as yourself stating it cannot/will not happen etc etc.
The director of prd even lent his own shares in a very tortuous attempt to create headroom. Worked, but not before the financial advisors seemingly quit soon after. Coincidence? Guess we will never know. But yet you say a placing cannot happen... Doesnt follow.
I would urge you to review all prior rns and capital raises. Not least the 11p raise for testing (again) which sunk the sp and traded it at 7p range pre christmas.
The rns are there to read.
Yes, not currently in. I was in, but sold down due to the last rns and went away and made good gains shorting sh*itcos on AIM.
Again, prd is not one of them and shorting a company with prd prospects would be foolish.
But watching and waiting does not seem so foolish at present. That is all. Openly bearish shorter term. Agree with you that the potential value is huge, dont doubt that. Just feel that more delays likely and capital raise probable/possible.
Yes, my opinion.
You state " my opinion " and that's all it is.
It's almost comical to watch how the various expert's post. First you get a long time troll hinting about funding needed. Then it's seconded by another poster who is not even invested. Like buses I expect a third attempt (or more) at undermining the share price. Paid trolls are part of the game.
Funding is always needed, everyone knows that, but not at this point in time.
First we will carry out the fully funded sand jetting program and next drill.
I will write again "fully funded".
So....Do we believe in your personal view or a legal document with the wording written in an RNS?
Everything, including funding, will be dependent on the test results .
A thumbs up to Jimmy. Keep up with your honest thoughts. Always welcome.
It's down to trusting your own research and knowing that despite the hold ups nothing has changed with the potential value of Predator.
We will test.....
We will drill one more well...
Ijt.
The average success rate in the rharb basin is circa 80% for prospects that Avo seismic signatures, which is one reason why I invested in predator as it also has Avo seismic signature.
It will be interesting to see whether chariot or predator achieve an onshore gas flow test first.
Predator report potential gas reservoirs of over 175 meters, which need validation by flow testing, then I am expecting the market to substantially re rate predator.
Chariot onshore primary targets are two wells with a reservoir thickness of 10.5 meters each, so a lot less production potential. Both companies need to flow test.
Jimmy
To be fair BillyRay, 26bcf is quite the.prize wonder what CoS is for that?!
As for CoS on Sandjet I'd say that's a good deal higher and the BoD is happy to await the outcome with no thought of placement given the provisional GSA that may be cemented in event of good results. That would start to release new funding avenues outside of placements and dilution.
Nigel
Placings are a requirement for small cap explorers. There have been many here. In fact, there has been an extraordinary number at frequently inopportune times. I feel a placing is again very likely. There are others who will likley agree, and of course many here who will disagree.
Drilling will not happen here for some time in my estimation - probably Q3 onwards. Sand Jet also seems unlikely to happen for some time either, judging by the vague lack of committment language used in the recent rns. Often a subtle clue with PRD.
I feel a placing is very likely to underpin Mou 5. 12% chance of success is a practically wildcat.
Sand Jet tesing may of course prove up the reservoir, but certainly no guarantee. Any difficulties with Sand Jet and PRD will have to raise at an enormous discount to todays prices ahead of any Mou 5 drill. And that discount could be at a discount to 2p or less if SandJet does not establish contact. I do not think anyone would disagree that 1-2p is likely in that scenario. Sand Jet is 'last hope' sort of territory.
Why would they risk it?
Therefore, expect a capital raise soon at a discount to todays prices as they currently are.
My opinion.
Not currently invested.
Would buy at lower Market Cap to justify new risk as I see it.
If Prd announce Sand jet is through customs and a set firm date then expect a small rerate and buying at a higher pre-test Sp would be justified.
Gaufrette Main target has Best Estimate recoverable prospective resources of 10 Bcf
Jimmy
I am very sorry to see that you are continually doubted and shaded by people who don't add one jot to this board or who talk in riddles and overly hype this stock
So please scrub my post from yesterday regarding the rig sequence! Clearly Graham Lyon was talking as though the rig was already with CHAR. Apologies...
Jimmy, until I became bored of speculating about placings if you had traded around such opinion your position would probably be in profit.
In other words you would have a margin of safety protecting your capital. Not a criticism, you are one of the very few who play with a straight bat!
Good news but it would be advisable to launch a placing after the first or second hopefully successful SJ flow test. The proceeds could help fund CNG FEED and underwrite probable MOU-5 failure (unless an independent GCOS demonstrates otherwise).
No more jokes about cricket, some specious little ballerina had my post removed haha!
For those that track the onshore rig situation in Morocco, note that chariot now have the drilling and started drilling to day.
Jimmy
I am not the Bold, and have never met the person .
I am simply looking for pg to do what he said he would do in a timely manner .
I hold both predator and chariot and my last top in predator was after mou 4 , which is now in a loss situation , due to delays and deep discount equity dilution.
My view is that generating cashflow quickly is the route to shareholder value, unfortunately the market discounts potential assets such as mou 5 heavily, hence my view that it should take second priority to production testing by sand jet.
I see no evidence of other companies looking to takeover predator at this time and the best defence to any takeover is for management to do what they say they will do in a timely manner .
Hopefully predator will announce the mobilisation of sand jet equipment shortly and we can look forward to a higher share price based on strong production volumes.
Jimmmy
And that same person (Captain Sensible), was caught out posting under different usernames.
I remember that very well...
I've missed another of the chat can somebody enlighten me are people insinuating that The Bold/Jimmy are the same person . Tha is
In light of recent board activity I thought I was share some info from last July, on the day of the MOU-4 drill results.
In the public PRD telegram group a certain poster, called Captain Sensible, claimed to be invested in both PRD and CHAR and was quite dismissive of the MOU-4 results. He proclaimed them to be indicative of a duster ('no mention of gas').
I and a few others thought they were excellent (they were) and put our views forward, but a number of other posters backed up Captain Sensible who had 'demonstrated good industry knowledge' in the CHAR group.
This group of alleged joint-holders controlled the narrative from 7am onwards through to the market open.
I joined the CHAR telegram group (so I could see which PRD posters were also members there) and learned that Captain Sensible was a prominent CHAR investor, close to the board and generally waxing lyrical about the company (in contrast to the subtly negative views in PRD group). He referred to PRD as 'mickey mouse' within the CHAR group and was generally disparaging of PRD there. In my opinion he did not post anything to demonstrate he was particularly knowledgeable.
You will recall that a second RNS was issued 2 days letter clarifying the excellent results, together with an interview where Paul made angry reference to certain people undermining the company.
I don't know whether Paul was referring to the Telegram group or if he is aware what is posted there.
I don't know if this disinformation campaign had any effect on the share price.
The CHAR telegram group is now private.
I don't care about CHAR, but I care when PRD is under attack.
There is a certain LSE poster with a very similar posting history to Captain Sensible.
Theo gone - nearly !!
Blue day ahead.
Good times.
GRH. .. .. . The Bold part of the Jimmy Bold comedy act
Has been exposed as a fraud
Postings indicate that
Dirty tricks are at play
Given the scale of the Guercif asset:
🤬 Unsurprising
💤 But
🤬 Disappointing
#PRD