Member Info for badprophet

//The Company continues to direct all its efforts at getting Heron 1 on stream before the oilfield contractors shut down for the winter. //

So they won't work in the winter as some have said they will.

Renewables:

//The development costs of this project are low and the project is expected to offer a double-digit rate of return and could be online and generating revenue by 2025.

this exciting new venture that has the potential to generate revenue in

the near term. //

2025 may be near term in MB's view - not in mine. I think the suggestion that renewables will make money in the short term is very optimistic. Clutching at straws even.

//As ever we appreciate our shareholders' patience//

It's wearing thin. Most LTHs are still here because they don't want to exit with a loss. Anything above 5p will see them running for the door. IMV

is it too much to ask for a slow, steady rise. the sp is up & down like a *****'s drawers!

Thanks for you input Prof, I'll treat it with the usual disdain. (the filter option is still available I think)

I think the time from finally getting the LP to having oil above ground in marketable quantity will be appreciably longer than 2 weeks. IMV

Before he comes back (if he does!) I would like to remind folks of his last statement:

"I will enjoy holiday & think will come back to all system go & SP in double figure as development suggest"

I hope the stationers have laid in a good stock of brown envelopes.

//$75 per barrel is still more expensive than free//

And that's probably what MG will expect to pay PM - beggar all!

Whining about whining doesn't help much either!

//But that’s what he may have been led to believe.//

Yes - he's been hoodwinked repeatedly by the Mongolians who (despite assurances to the contrary) are probably quite happy to reserve Heron oil for their own use. It's not a good look for a competent CEO.

My previous comment (months ago) that MB is a proven liar was deleted. I stick by it.

Smettila di guardarlo allora

Bye bye - don't know why you bothered.

The lie in December was that PM was "fully funded" & has been repeated in the statement that it is now "fully funded" until June 2024.

ShortShrift - what was your BB name before your latest reincarnation on 20 September?

Short - come back to me when you can type a comment that makes (at least) grammatical sense.

//As it is, from these posts, you all look a little stupid.//

Anyone posting here looks stupid because no one knows WTF is going on!

Maybe I missed a comma but hey ho

Short - 2 different statements - "turned 124 into 35" and "is underfunded". Not connected!

//The cash invested vs Mcap has zero indication on whether a raise will be required or not. //

Who said it was? The need for a raise will arise if the cash on hand (+any future income ) is insufficient to fund salaries and ongoing operations.

Cash invested: £124 million

Market cap: £35 million

Management effectiveness: -72%

Social media enthusiasm: low

Upcoming events: Heron development

Fully funded for upcoming events: no

Dilutive financing in place: no

Management / brokers reputation: low

Placing likely short term: yes

Undisclosed PR: currently minimal

So - turned £124m into £35m is underfunded & likely to do a raise. As predicted!