Member Info for Adw198

Let’s crack on. And let’s see who backs away

I think all but the real victims like TT1981 and Thorn know this.

What’s interesting is why none of rampers have queried his absence, commented on the simultaneous appearance of RPT. It’s almost like they’re worried it might give the multi ramping fake ID game away if they do.

You tell me, Gravy? Are you another victim or in on it? I reckon the former! Hope so!

“ fitting end to the week that sees the BASHERs dreams and hopes in tatters, results in and a nice 9% rise in the sp since yesterdays RNS, well done Mr Buck, keep up the good work, steady as she goes”.

I’m not sure the man who told us it would be 5p by close of play Monday should be bragging about a 137.5p SP.

Still standing by your latest massive failure of a prediction Abzzba?!

I suspect PC are just flexing their muscles and enjoying having a million dollar sat in their account for a month, with another $300k (and counting) earning interest going forward.

Worrying the Mongolians can’t confirm the tax position though, especially having been a counterparty to the agreement.

Bit more to it than that master.

The SP nearly halved because the previous 200bopd that was supposed to be fixed upwards became 160bopd and no mention of the quick inexpensive fix upward.

At the same time they announced the revenue was being withheld due to a tax dispute. To some extent that bit has been resolved, albeit with the partner withholding an arbitrary 30%, just because they want to.

Basically there’s nothing planned / confirmed for this year in terms of increased production and we know now for a fact 160bopd doesn’t meet the overheads.

Whether or not it merited a drop of a slightly artificial 2.30p down to 1.20p is open to debate. But it’s not MM manipulation it’s just the reflective of some really poor news.

Exactly. They can’t agree a time or repayment and if anything goes wrong with the 160bopd well they’ll need even more money.

Petrovis will prefer to take a massively discounted stake over a soft loan in my opinion. And trust me they’ll get what they want, not what suits your investment.

“To reiterate again (ad nauseaum), production revenue generation effects a means to service any Petrovis loan facility over a agreed time & repayment structure”.

There is no evidence of any short term likelihood of increase production / revenue. Hence needing a loan in the first place. It’s basically a promise to re pay on the basis of a JV that hasn’t even got to HOA stage.

I didn’t ask for your explanation. I asked a simple straightforward question and cant see an answer.

“Imagine being Petrovis and given the choice of a $1.5m soft loan or a private placing for the same amount at a 45% discount.

Objectively which would you take as a Petrovis director?”

And yet this time last year they opted to give them a 45% discount rather than utilise a soft loan.

Brilliant.

Imagine being Petrovis and given the choice of a $1.5m soft loan or a private placing for the same amount at a 45% discount.

Objectively which would you take as a Petrovis director?

This should be fun…

I’ve explained why a JV might be soon and recognised it would sent the SP well up.

But either way it won’t bring an immediate influx of money, especially given it’s most unlikely they’ll be drilling this year.

Hence the raise. Whether you agree or not it’s very fair to explore the possibility. It’s at least grounded in reality.

Whether there’s one or not I’ll be here to take the plaudits or accept I was wrong. Whereas if there is you’ll reinvent yourself again, WOS.

I’m surprised people fall for it but lots of clearly do, so I can see why you play this game.

“I also think Buck will be more inclined to access the Petrovis $1.5M loan facility if required, given the stated reluctance for any further funds raise and the ability to pay it off via the revenue incoming”.

They also referenced the loan facility in last years accounts, just before instead issuing Petrovis $1m shares at a 45% discount. I suspect they’d prefer a similar deal to a soft loan.

Either way, if you accept a loan might be needed, you’re accepting what I’ve long since explained - revenue doesn’t meet expenditure. It’s a loss making entity.

New thread to get back on track. A few of us believe there will be a raise and probably imminently, ie I suspect in the next month. Admittedly I also expected one in June so freely admit i can be wrong.

To those who don’t think they’ll be one, fine that’s a fair view. To those who do how much are we thinking? I reckon circa $4m which would allow for the well tests / work overs on one or more of H1/H2/gobi/gazelle. Obviously it would also protect the company against any adverse issues with H1, the performance of which the cash flow projections will have been made.

Based on previous raise discounts we might expect it to be at circa 0.90 -1p.

Oh ok, someone made a joke about calling the police, I referenced it and you called me pathetic for mentioned the police. Don’t pretend I’m in a lather, this is just swatting (underwater) flies.

Anyway, no point clogging up the board with this. Let’s discuss the size of the raise. I’m saying $4m ish.

Gravy, you appear oblivious to the fact you’re replying on a thread called “stalking” in which Mullins (not me) suggested calling the police.

Can we perhaps agree that was a ridiculous statement and you just got mixed up about who said it?

Yeah I think the ones suggesting calling the police for posting on message boards are getting worked up. And you definitely are with the manic stalking because you can’t bear to hear views you don’t agree with.

Try harder to ignore like you said you would. Or better still give some views on the company. Just make them factual or prepared to have your wings clipped

I’m not complaining Tenbag / Margaritas. It’s not me making accusations of criminal behaviour and getting all worked up about someone replying when getting called out.

I know you personally revel in the silly personal stuff though, because it diverts from the dreadful company performance against what you and the other Telegram lads told us to expect.

Don’t shoot the messenger though.

Oh there still be a placing, don’t worry about that.

Why don’t you have a crack about talking about the company gravy?

Is it because the last time you tried you were immediately and politely fact checked back into silence?

Make the filter your friend rather than just telling me how many times I’ve posted. Surely you’ve seen what you’re dealing with by now - telling me I’ve made 385 posts isn’t going to do them, it just makes the chances of 386 go up.

Remember you bragged about ignoring me yday :)

What an odd SP reaction in the hour since the RNS.