Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Since the good news RNS the SP has dropped from 46 pence to 38 pence - what universe u live in that sees that as positive - and when u r back dial in Then get a wake call up on the Barges - No way in hell Snake Perez is done - brace yourself Sheila
To realize a financial gain from the warrants of course they will be sold - those 37 million + piggies are going straight to market - you pay $6 million + for 37 million + shares - Definitely you will turn them into cash - $18 million+ for $6million+ - no way Hozea they hold those shares. They waited until the last days of term to cash out warrants trying for max prices.
Aaaaahhhhh hoooo Gaaaah Aaaaaaah hooooo Gaaahh - Dive stations - hold on tight we are going down.
Oh yes - a Friday piggy squealer at the wailing wall - Mr Fibber should set his alarm to jump out of bed early to gobble up them cratering prices or stay in bed till Monday - heee heee.
Those fools tried to petrol bomb the barges - the situation of disruption to PetroTal is out of control.
Hang on for the US open SP dive then fill your boots Mr Fibber.
Should get sub 50 cents US on the US open - 2.30pm London time NYSE open - keep that wallet closed then jump in like monkey inna fruit and veg shop with the corresponding dive LSE SP
Lets see what happens on the US & Canada open today with the SP OTC & TSX.
The fools in the video were throwing petrol bombs at the barges.
And the barges are in their control now taken to their 7th July town.
And nothing from the Peru Govt or PetroPeru - 35p is a possibility.
Oh yes I did post April GTE SP was 91 cents before the 100 to 1 reverse split - their oil pipeline was attacked cratering the SP - Now the same for PTAL Bye Bye SP - see the dive today - added to the BB snail pace - barges hi-jacked - see video and blah blah broadcast from hi jackers - https://twitter.com/exitosape/status/1666455425867210752
All the waaah waaah in the world is not going to stop SP fall
Late dive in PTALF SP OTC markets - 07-06-23 - close out $ 0.504 - a 4.5% drop SP PTALF.
On the other hand.
Split away ex Sister company GTE - reverse split 100 to 1 and NYSE listing shot up 7.1% to $6.18 today.
Buy Backs at the pathetic level that's going on - 80 000 shares a day is having no impact on SP.
Unless a real good RNS pops out explaining ops and finances - I see and open tomorrow of 40p and a possibility of 35p in the next 3 weeks if no brain storming is forth coming in a RNS.
To Buy Back half the shares in issue at current rate will take 109 years.
Who lives that long and what oil field life is that long ???
Reverse split the sukka
Cut the BS out of the BB 80 000 shares a day snail game - Go Big Daddy reverse split the big mama - whack that SP to Foh (4) Dollars and a twentaa (20) cent brudders with a 8 to 1 cracker jack reverse split and NYSE listing
Daggers me old chum - that lot of JSO idiots would have glued themselves to the pipeline and called the police.
Don't u just luv the measurements in the News release 358 + 835 ??? figured it out ???
Big Dadda Idi big Banana Baboon help u out - Kilometer 358 + 835 meters so precise huh - luv the Spanish/Inca/Aztec/Mayan/Olmec....... logic huh
AND is this the start of a piggy squealer wheee wheee crash to 35p SP nose dive ???
On the 25 th May 2023.
So far a 1/2" hole drilled - looks to be a negotiation warning - until the bone inna nose brigade get serious and and start using explosives on the pipeline for a big wake up call to daddy.
Or some ex Farc/Shining path ......... blah blah liberation jungle Marxists fire a RPG into a tanker from the Amazon river banks.
Time the Idiot Govt's in the area get a move on - Peru, Colombia, Ecuador, Brazil.... and start developments not neglect of the indigenous Amazon tribes - there is hardly any left so how hard can it be.
Petroperú contained the crude oil leak by installing a bolted metal clip on the hole that unidentified third parties made at kilometer 358+835 of the North Peruvian Pipeline (ONP), in the Nieva district, Condorcanqui province, Amazonas region.
It was possible to carry out these works after nine days of insistent dialogue with the leaders and residents of the Tunduza community, who opposed the admission of company personnel to carry out the first response tasks and attend to the contingency.
Yesterday, personnel from the Environmental Assessment and Enforcement Agency (OEFA), the Peruvian National Police and the Public Ministry were able to verify the circular hole half an inch in diameter that caused the crude oil leak, which was presumably made with a drill. Also, before placing the clip, it was verified that the rest of the pipe is in good condition.
Petroperú calls for an end to these attacks on the ONP, which not only have an impact on the environment but also on the communities and their surroundings. Likewise, it requests speed from the authorities in the investigation processes to find those responsible for these criminal acts that attempt against this Critical National Asset, which must be protected to guarantee a safe and sustained operation of the transportation of hydrocarbons.
In recent years, the ONP has suffered a series of attacks by third parties not yet identified. With this, there have already been four attacks registered in Section II of the ONP so far in 2013. The three previous ones were intentional cuts made by third parties in the areas near kilometers 390+210, 399+861 and 400+818, which is the reason why Petroperú requested the authorities to ensure the integrity of this National Critical Asset.
Https://finance.yahoo.com/news/meridian-capital-international-limited-announces-140300072.html
As you so rightly point out oil transport is a problem - Was chat that the ONP pipeline is back on line from pump station 1 - remains to be seen in a RNS from PetroTal or a news release PetroPeru - As V states it Bretana is now a major oil field - and if you check V's production chart it is the Chinese oil CNPC co and Petrotal by far the major producers in Peru - with PetroTal the higher monthly production - Meridian capital held 17.4 % and done some fancy musical chairs internal share sales at reduced prices - 4 x to get under the 10% holding rulings. Might be something in it as sturm has questioned is there a possible bid in the pipeline for PetroTal - Chinese tapped into their strategic reserves this month - something they rarely do - The China presence in Peru grows - Block 105 is being eyeballed for gas and a pipeline to coast. So who knows a possible Chinese tie up through Meridian Hong Kong.
One thing for sure any oil spill from barging on the Amazon will have a major effect on using the route to Manus - so far so good no incidents.
Don't expect exact price nit picking babbon PWC style calc's - U R getting ball park rule of thumb calc's.
Spelt out -
The bell clanger is - 16th May Meridian sold 66+ million common shares for US $28 million to one of its investors Mr Alshinbayev.
That gives a price of US $0.43 a share - I think but who knows - in the words of the great Socrates - who am I ????
See previous post and read the news wire - develop your Id and Ego - heee heee - Sayanora Avia Oilmen heeee heee - the banana Ginormous.
News circulating on informal forums - Meridian Capital Hong Kong - owned 17.4% of PetroTal on a share price manipulation.
Best news on it is a share dealing that took place 16th May 2023 Meridian disposing of 66 million shares - (Early warning system and take over bid)
PetroTal filing SEDAR NI 62-103 new +10% owner
see www.newswire.ca/news-releases/meridian-capital-limited- announces-disposition-of-common-shares
Might explain the SP stagnation.
Good news Sturm - I bet the warrants are going to be cashed in starting soon - way I read it is share buy back will remove a good portion of the outstanding warrants.
Basics remain - oil price downward spiral - production constraints at 12000 BOPD, delivery ONP and Manus, PetroPeru payment for Oil in pipeline and sales volume monthly.
Hence SP stagnation - I bet the warrants start cashing in via RNS tommorrow expiry date looms large for cut off warrants.
In share news - the in "Brief" summation PTAL says it all for 4th Quarter 2022 & 1st Quarter 2023 - and that is why the sea of red LSE PTAL sells.
READ and form your opinion.
Quarterly production averaged 12000 BOPD and cash flow used up Bond payments - $71 000 000 in the bank - easy to see why only 2.5% buy back.
OOOOhhhhh reverse split monster rocket sistership GTE on $433 million hole in the gas tank climbs 4.4% on the NYSE.
Meanwhile back in the pinks with a full mega $$$$$ gas tank PTALF struggles with ignition OTC PTALF down 0.07%.
AND OIL is up up and away breaking above $70 - Why Why - what's blowing out the matches to light engines on star studded OTC PTALF could it be in the wrong place at the right time to zoom zoom too the stars ????
Up grade those engines - REVERSE SPLIT for warp drive and get that OK to go throttles Huston on the RT link.