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The manufacturing cost of a packet of cigarettes is a very small percentage of the retail price.
If the manufacturer puts the price up by say 10p that has a big impact on the profit margin.
Add on the 16.5% tax and VAT at 20% and it’s still only an increase of say 14p per packet.
I don’t think it will be a big problem with consumers.
In the last presentation from 12.40 CTU will be coming in from Italy, expected mid April.
It’s also worth looking at the slides on screen which gives the dates for previous extension where PG goes on to explain that they couldn’t organise the SJ testing within the 2 months available.
Hopefully this will mean that everything is now in place and we should get a start date very soon.
A. V. yesterday at 23.11 you said “large sellers today” you were called out on that. You were wrong yet again, Euro Champ 6 and DaveNewjob were spot on. Any one with half an idea of how the stock market really works, could see it was a bed and isa. The trades were almost immediate, £20k for the sell £20k plus £10 dealing costs for the buy, less than £50 in lost shares. You know that though.
Ok, there is no serious buying at the moment, nor selling. That’s because the sp is as low as it’s been for quite awhile. No profit for the traders but the LTH’s are not selling.
Occasionally, you post something sensible. Please try harder.
The fiscal terms in Morocco are restricted to a 5% State royalty for gas, applicable after the first 10.6 BCF of net production to the operator, and corporation tax charged at 31%. However, there is a 10-year “holiday” before corporation tax will be charged and any unused tax losses can be offset against the tax due. There are no signature bonuses but production bonuses in the form of cash payments exist with a maximum one-off payment of US$5,000,000 on production greater than 30,000 BOE/day. A discovery bonus of US$1,000,000 is also payable.
I think you may find that Paul and Lonny bought at 8p and 10.5p and then sold them for 5.7p not the 20p you said.
In my book that’s commitment.
It was the only way they could raise the Money for Mou4 quickly.
They did it because the results of Mou3 were so good.
Nige
I don’t think getting gas to industry is a huge logistical problem. Obviously it depends how far they have to travel to end users, how much a customer can take in one go and what capacity the trailers are as to how many journeys can be made in any 24 hour period.
From my understanding by the time the gas is compressed it is at 100th of the volume. So 1mmcfg is only 10,000 cu feet of compressed gas.
Trucks that haul the trailers will be relatively cheap to contract in. It’s the trailers that will cost the money. However there is nothing stopping the trailers running 24/7
It wouldn’t worry me, so I’m sure it won’t worry Lonny and Paul.
It will be a very profitable transport operation for someone and hugely profitable for us, if we have to go that far.
Firstly, a big thanks to Paul and Lonny, very generous financing arrangements, yet again.
We have had a fellow PRD investor staying with us this week, obviously a lot of share chat going on with the rise, fall and rise again. Finally my Wife has started to pay attention. Also some of her friends have invested too.
Today was a bit like taking the children on holiday when they were young. It went a bit like this.
“How are the shares doing darling? “
“Up 2k at the moment”
“How are the shares doing darling?”
“Up 6k now”
“How about now?”
“Up 10k”
“Where are you going?”
“Im going to cut the grass”
“Well you know I’m going out tonight, I told you ages ago, several times in fact. How long is it going to take?”
“About 27k sweetheart”
Donalb there were more than 23m shares traded yesterday and 8.3m today.
The unknown trades don’t show in the “PRD share price icon” many sells and buys are listed incorrectly.
This is truly an amazing volume and we should appreciate how we got here and the people that got us to where we are.
Let’s see what happens before the markets open.
Possibly Winnie the Pooh May go to the woods tomorrow.
As an Ex employee it is more likely that tax and N.I will be payable on the difference between the option price and the value of the share when exercised.
So either he needs the money now, or he would rather pay tax on the difference between 5p and 10p than the difference between 5p and what we hope we may at soon.
95% voted in favour of the scheme last time but only 10% of the people entitled to vote did so.
I’m confident it will go through, who would vote for less, when it doesn’t arrive any quicker than voting for more.
The rights issue when it comes around will look like a reasonable deal given that the share price will be much higher than it is now.