Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Yes agree Don exciting times
He will be the one to make it, Although David Sturt also does very good work.
Alastair is a very successfully businessman graduate from Oxford. He speaks Chinese and has Chinese connections, he could sell PTR to Chinese.
Hi Don, your spot on with regards to license 67. Getting the all weather road completed is a major step forward to unlocking the potential and its a massive potential. PTR will be trading above 5p very soon imo if the herd arrive on this share with very little free float it could go higher. Management now have a clear focus to increase production with favourable oil price.
Phil 45,
I agree most of the investors here do their own researches. but in the real life, quite a lot stocks following under valued, full valued and over valued life span, PTR is still in first stage here. many has not realized that only L67 could value more than $100M with certain developments.
Thanks Don, I will stay here as I can see the near term potential with license 67. I never post or invest where everyone is posting I research and invest. I have been investing too many years to follow the herd.
Phil45,
I think there might be long run for PTR to go.
Look at AMGO thread, how many posts a day and it's really hot.
it's so quiet here, even it's a very good operational news today.
buy at £12k nice, more sticky hands.
finally crashed that over hang 2.6P by Dave now, next Barrier will be 3P, let's see we could make it till this friday.
My average is 8p a share so I have a long ways to go to break even bus as I had this share written off I'm feeling a lot more optimistic so here's hoping ,onwards and upwards !!!!!
Don seems like the shares are landing in more sticky hands getting harder to buy and with one mm left on 2.6 we should move forward again soon.
from the chart, it seems there's a pattern, that every 4-5 trading days rise, there's a wave of profit taking, it changed this time
Todays announcement is just the start of increasing production the main news will come from License 67 which PTR own 90% an update is expected soon - Licence 67 contains two oil fields, Ledovoye and Cheremshanskoye. In 2016 Rhyder Scott calculated 2P reserves for the Ledovoye field of 14 mmbbls and 3P reserves of 17.4 mmbbls. In 2019 and following the successful C-4 well, the Russian State Reserves Committee approved C1+C2 reserves (approximately equivalent to International 2P reserves) for the Cheremshanskoye field of 19.2 mmbbls. This qualifies the field for a small field partial exemption of the state Mineral Extraction tax. The Cheremshanskoye is about to commence all year round production imminently.
3.5P is the highest on the 5 year chart, let's see it could test it this week/month.
With not many shares in circulation the update this morning gives an increase in production and with PTR being in the right postcode buying in volume this morning will not be easy. Lets see if investors see the value ..
Nobody is wanting to sell this morning always a good sign after a strong day yesterday. Investors are loading up they know what's coming..
Great close today with no sell off, I have just read this on the other forum board and thought it was worth sharing -
The increase in the Russian Domestic Oil price is very material for Petroneft, every $5 a barrel increase will deliver another $2m a year to revenues, most of this will fall through to the bottom line. The Russian Domestic oil price is now at a 18 month high. No wonder the shares are rising, but still have a long long way to go to reflect fair value, the under valued nature of PTR has been re-iterated in various management media and RNS statement over recent times. Where is fair value, no idea, I know one thing the current £15m market valuation is crazy, should be multiples higher right now. A fill your boots opportunity.
I believe the following buy is the largest single buy since this rally.
22-Feb-21 13:33:11 1.60 1,375,000 Buy* 1.50 1.60 22.00k
PTR featured on Sharetalk just now, Zak Mir has a target price as high as 3p within 1 month.
https://twitter.com/ShareTalkNews/status/1362757891246161924?s=20
Looking forward to the 'considerable news-flow' coming from Petroneft in the near term (this month) this will re-rate from a very very low base.
The share price moves quickly on modest volume as the free float is tiny, most of the shares are very tightly held.
Now is the time to add or buy IMO.
'The funding secured by the Company will support our key operational priorities which are expected to deliver considerable news flow in the near to medium term'
That's a great positive RNS this morning. Very solid.
Weve plenty of news due any day and fully expect an increase in production.
Refreshing change to see a share price that's surging in value and yet no rampimg/deramps happening......not sure if that's a good sign or not...GLA
... so far today.