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Blsckdogstaff, where do I say bought in. I own no shares in PRD and never have. This is just another mistruth on this board. That statement is actually typical of this whole board - someone makes something up, it isn't true and then a bunch people hit the Recommended button. Echo chambers may make you feel nice but they don't help you. My posts keep getting deleted. Saying anything negative about PRD is against the rules it seems
Does Ronald Pilbeam have any exercisable warrants?
This is ready to rumble imo. First target 8p. We should soon hear news on q4 2020 drilling
Good morning Splice, just went through your history (prd) i noted that you bought in, when sp was on or around 5.25p.....i can understand that you bought that sp was at a massive low from last 6 months, but surely you bought knowing it could go lower? One of your earliest questions was asking about mou4 drilling....surely you must have done research and bought in on that research? I ca understand your frustration at recent drop in Sp....but fundamentals are still roughly the same as when you bought in, probably (in my opinion) better now after mou1 update rns....it's always your choice... hold or sell....personally i am holding and waiting (oh the waiting) for mou1 results, new cpr, presentation in september.
Gla
Taff
Bdt
If you want the simplest explanation that is that he needed money.
He had shares, they were exchanged for money, the simplest reason to explain that transaction is that he had a need for that money.
Anything else, good or bad, requires more complicated supposition as to motive. That includes an apparent disbelief in future prospects.
Selling 5m shares is not a great fit to a belief that the shares will never be worth that much again. Selling all the shares would demonstrate that, but if you held that opinion, why leave any behind? A fit of pique is also not a great fit, but it's slightly better as selling a large percentage makes a point almost as well as selling all.
We just don't know, and any who assert that Ron just would not do X y or z are failing to recognise that. It's all opinion with very little to go on.
None of us know, and I for one certainly hope it’s one of the more benevolent explanations. But let’s be honest there are definitely less benevolent reasons for director sells after a drill and you’d have to be stupid not be considering those. Plus it’s hardly unreasonable or not pertinent to speculate about these on a bulletin board about the company and its share price.
Depends on the terms. May be allowed to keep a proportion if he remains in another (eg advisory) capacity. Again, all speculative.
If he had to sell his shares on exit, wouldn't he need to sell all of them? Does he still own any shares in PRD?
Or he had to sell them, for contractual reasons, on stepping down before a pre-determined time period. Just as simple, and just as speculative.
“Adam, you don't know the mind of Mr pillbean.”
Neither do you.
“In the matter of the 20% shareholding, it would be really interesting to see how much of their own money.the directors and senior management have put into this company. I like to see cash buys.. I do not like to see large holdings based on stock options or free shares. Is that 20% cash they have put on the line?”
Sorry to disappoint you but I’m case you didn’t know, almost all of Mr Pillbean shares were free shares and the little 700k addition last year were bought @4p so he made 50% profit from selling them last month. Nice little fortune in the retirement pot or to buy a new family house as a reward for working 3 years in PRD
The sold them and then bought them all back? I prefer the simplest explanation - he sold because he doesn't believe in the company any more.
Splice,
You seem to making this your topic of conversation.
Tell me this, how do you know he hasn't bought most or all of them back?
Perhaps he was making a statement to the company as he ended on bad terms.
There are endless possibilities but all supposition at the moment.
Time will tell..
Just as, Splice, YOU don't know RP's mind or motive. What you can or can't accept is of little relevance to knowing the underlying reason for his sell.
Adam, you don't know the mind of Mr pillbean. I cannot accept that he believes there is a big find coming in mou-4 and sold the shares due to ego. I have never met him but I find this highly unlikely.
In the matter of the 20% shareholding, it would be really interesting to see how much of their own money.the directors and senior management have put into this company. I like to see cash buys. I do not like to see large holdings based on stock options or free shares. Is that 20% cash they have put on the line?
I am very much in the camp that believes that the SP is currently seriously disconnected from the true VALUE of the company.
I might be right, I might be wrong. DYOR, blah, blah, blah.
But, right now, this company, at an SP level, is trading in an information vacuum and every passing day without some sort of definitive, pro-active steps being taken by the company allows further drift (even further declines) and allows negative speculation, rather than informed information, torule the narrative.
FWIW, I am not myself sure that an interview would help because PG would be restricted at both a legal/regulatory level in what he could say and because anything he might say re RP's exit etc might actually only inflame the situation (rather a case of "when you're in the hole,stop digging".
However, two steps that would likely have a dramatic impact in arresting the decline and, possibly, spark a renewed upward trajectory would be:
i) the appointment of a credible corporate finance advisor/broker with decent research capacity and credibility (andI mean a proper house, not some chicken**** bucket-shop);
ii) the appointment of a credible IR firm who would immediately and in conjunction with the corporate finance advisor start executing on a coherent comms strategy to get information into the market about the true potentialof this company.
Those two steps alone would show that PG is on this planet, is aware of the damage that has been inflicted by what has been a transparently poor IR and placing strategy - and, that he is doing something about it.
Even Gatland with the Lions moved to replace 2 of his back three - you can't win the game when your full-back and the wings can't catch the ball from a kick.
At least it showed Gatland understood the problem and acted to do something about it.
PG could learn from that.
Amine processes are used to scrub carbon from factory flues although the technology is expensive and is not yet able to remove 100 per cent of emissions. "Among available technologies, amine is the most mature and proven," Brevik said.
Once captured, the carbon dioxide will be buried under the North Sea in cavities created by the extraction of fossil fuels. "In a way, you can say 'CO2 is coming home' since [it will be stored] in the same layers as oil and gas were before they were taken out," Brevik said.
Factory could become carbon-negative
The process of capturing carbon and sequestering it underground is called carbon capture and storage (CCS)
https://www.dezeen.com/2021/07/15/carbon-neutral-cement-plant-slite-heidelbergcement/
He makes some reasonable arguements which may or may not be correct but certainly can and should be argued on the evidence, rather than attacking him for making them. We don’t know the reason for Ron’s sales and in the absence of an explanation they are clearly and reasonably a worry. The SP has fallen drastically since the first RNS (I know, I didn’t get in at 2c or 5c like everyone else seems to boast of and am totally underwater) and the fact is that the market clearly still doesn’t consider the drill a success and PG chose to dilute himself by raising prior to convincing the market otherwise. I really want to hope for the best interpretation of it all but I wish PG would do an interview and lay things out more clearly, if there is indeed a positive case to sell.
Splice, to quote you exactly ‘ If you were comfortable with your position who cares what people say’
So why comment ???????
Hi Splice,
That’s an impressive record you have. But it begs the question, why rock up here now? Why waste your time on BPC mk2?
“ Ronald Pilbeam knows as much as anyone about the PRD assets and yet he dumped his bags at 6.5. If the assets are as good as we are told them, he would surely just hold for some big gains.”
Why there should be a conspiracy theory behind Pilbeam‘s TR1?
he might sold his shares for one of two reasons:
1-Retirement.
2- Ego. Pilbeam haven’t voted for the new Chief Operating Officer because he didn’t want to handle operations or take instructions from the new boss so when the board appointed LB as the new COO Pilbeam threw his toys and left.
Oh and why you want us to love concern about one director selling his 1.9% in the company for whatever reason but ignore the fact that the CEO and the rest of the board STILL hold around 20% of the company’s shares?
Good evening SH,
Just for 1 second consider that GRH, Wack, Zeus and 3 or 4 other BB posters are correct re MOU - 1 and what it might mean in the wider geographical context re MOU - 4 and other parts of our License vs our current M/Cap of £13m !?
There is a massive disconnect in SP, when PG informs the Market, I can see/hear the Michael Caine moment very clearly as there is a massive scramble to BUY at almost any price.
Who is more credible? GRH with his proven track record or ‘splice’ tapping out utter unresearched tosh.
Downside 4p vs upside initially 70p, whilst the market takes a breather
MEM