Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It provides an opportunity to pick the shares up at a steal of a price, be brave when the herd are scared.
What an opportunity, load up with the price here, :-)
Value of sale £ 6.45 million to CGH, current number of shares around 1.4 billion value per share Equals £.0046 per share likely conversion one new 5p share for 10 old Sable/CGH shares.
With the debt reduction of $180 million and the reduction in operation costs, the value of PMO has increased by 20p per share from 1st January to 30th June, not a bad start to the year.
members, stay cool, value will come through, chill.
Interesting from the return. The reduction in operating costs on its own is worth 2.8 pence on the share price.
PMO is firing on all cylinders, whatever is happening with the shorts and traders, this will not be for ever, every time the price falls is a great buying opportunity.
Looking forward to the trading update on Wednesday, should be some good numbers, along with half year results on the 22 August 2019, lets see the shorts burn:-)
https://www.hl.co.uk/shares/shares-search-results/p/premier-oil-plc-ord-gbp0.125/broker-forecasts
All the time PMO remains at this price level represents a great opportunity to buy in. Likely EPS at year end around $0.50, multiply this by a conservative 5 and the shares should be worth $2.50. The 18% shorts will need to close to realize any gain, when this happens the price will fly. PMO only need $60 to $70 dollar oil to be very profitable. This is that Buffett moment, The stock market is a device for transferring money from the impatient to the patient.
A return to paying a dividend when debt is below $2B will move this share. Current price in no way represents the value of the company.
https://www.windy.com/?2019-07-13-12,27.625,-73.213,5,i:pressure
https://www.windy.com/?2019-07-13-12,27.625,-73.213,5,i:pressure if this develops it will have a outcome for oil this week.
Looks like Goldman Sachs, sees PMO as a good buy.
Esk, this will go up because of the huge reserve base in the rest of the assets, oil flowing from Lancaster.
Looking at the big picture, Warwick deep drilled at Spirits expense, two more drills to look at, all other assets just as before, short term irrational market moves, a great time to buy.
https://seekingalpha.com/news/3474354-talos-energys-zama-appraisal-well-results-top-expectations
Just a great time to buy, pmo is a steal in the 60s
Premier has hedged most of is gas production for 2019 http://www.premier-oil.com/premieroil/media/press/trading-and-operations-update-27
Premier has hedged most of is gas production for 2019 http://www.premier-oil.com/premieroil/media/press/trading-and-operations-update-27