Member Info for AIMOilking

Have not posted for a while, but watched in dismay at the lack of news and sinking sp against a background of very high oil and particularly gas prices.

We are at 44p and presumably with an increasing cash pile and asset values.

Where is the sp going from here? thoughts welcome.

Thanks Bob, good post, any chance you know why we are at just 68% of the sp value of last June, I cannot make sense of this given that in theory so much risk has been mitigated and MCRO is generating cash - I hope MCRO has something decent to report this time!

Unfortunately, the war in Ukraine continues and looks set for 2-3 months. For those running a home that is not good news in terms of energy prices and prices will remain high as Europe reduces its purchases of Russian gas and Oil. One of the few beneficiaries of this dismal situation is PMG, whose coffers are slowly filling as a result of the unhedged position.

To offset the future cost of energy, I have added more PMG and await some interesting news. In the meantime, the asset value of PMG in terms of cash and actual assets will continue to creep up, hopefully at some point this will be better reflected in the sp. Cannot fathom today's sp price action and await the results for some clarification as to how PMG is doing and trust that they are producing as much gas as possible, perhaps TC will give us a little more strategic direction at the same time.

Yep, fair comment, I keep adding, two lots today. I feel some decent news could be a game changer for the sp. We are still 10p off the relatively recent high and cash must be mounting up.

Still that is another 1.12% of the shares in presumably a long term hold and perhaps they see the benefits of a long term hold over shorting as the company gains strength and deals with its debt.

NQM - Thank you for responding - TC better get drilling!

Doesn't Parkmead have any losses to offset against tax?

Can someone explain the massive increase in tax resulting in another loss, is this tax carried forward from some asset sale?

AB is pretty much a one man band which presents a high risk in itself................but sometimes a dreamer gets it right, he did with the manganese.

For a "Great RNS......" it hasn't exactly generated many buys......

What we need is the news of a well funded JV partner and some hard cash materialising from one of RRR prospects/royalties/shareholdings, the combination will significantly derisk RRR and the reliance on AB.

PMG is under valued and in the oil, gas and green sectors which is now poised to boom to meet the energy crisis, the cash, assets and profitability of PMG is not represented by the low market cap. The cash pile is growing each month as revenues far out weigh costs and expenses associated with production and the sp should be on a steady upwards trajectory as the cash pile steadily grows. The TC factor should not be underestimated as he knows the market in which PMG operates as well as anyone and has a track record bar none over the years. PMG's day will come as will the shareholder value in the sp.

I assume that TC and his team will be pumping every last whiff of gas at the moment, anyone know the figures for gas per month this side of Christmas?

I recall a figure of $9.90 of cost per unit of gas, anyone hazard a guess at monthly revenue/net at the moment?

60p is clearly in reach, but I am assuming that the cash pile is increasing and that after costs but not exceptionals, I would guess that in cash terms PMG should be adding between 0.5p and 1p a month to the asset value of the company, let's hope that translates into sp and market cap.

I don't think that I have ever seen such a blatant PR RNS, especially without any tangible figures. Smells like an AB pile of .......... ahead of a placing, which for speed will not be open to PI's. So watch out for a $1m dilution or loan!

We may have overlooked some value here?

"The 1.5MW wind farm also benefits from an “attractive” subsidy under the UK government’s Feed-in Tariff scheme until 2036."

Will the subsidy apply to all energy produced from this site and including additional turbines?????

If so and there is development potential, TC may have pulled off quite a deal!!!

Looks like depreciation will wipe out profit for a while.

The question is : how much will it cost to increase capacity at this site and what will it return?

Cash generating with effectively a forward order book to 2036 - good.

Tangible asset in land and operating equipment - good.

£300k in cash in the bank - good.

Opportunity to expand - good.

This last point is the key, if the net profit can be grown then it was a good buy and it seems that expansion may have been hampered by a lack of cash. If this is not the case then this was expensive.

Thanks Rob, that is a shame but at least the spike will compensate for the lower production in this year's figures.

Last nights business news was all about the spike in gas prices and that gas prices would remain high - so PMG is down this morning!?

What is going on with this sp, cash in the bank and generating cash............?

Scotty does not strike me as someone who is loaded and he probably had to sell some shares in order to find the money to buy the discounted options - anyway he now has several more million shares net than before and AB has another £25k in the RRR coffers to pay Scotty's salary next month.

Well, Scotty has effectively increased his stake by selling £10k of shares and buying £25k of options at a favourable price.

This has to be a positive sign, especially if he can see the writing on the wall.