The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
TerryMC1 is a relatively new (22-11-2022) full-time chat poster on at least 10 other sites on which he without exception consistently makes negative comments. (400 in the last 30 days!!)
Must be a super financial specialist to be able to cover so many companies & give such insightful financial comments on all of them.
Currently he seems to be targeting AET mostly & his continuous Finncap/debt comments are more of the same thing repeated like a cracked record.
Best not to react to his posts or better blank him out completely as he is excessively stupid & boring.
You are quite right - but seeing the quite unrealistic '1.68 soon' I couldn't resist mentioning a few home truths.
Yes I have moved on & am doing rather well in fact - have since recovered a large proportion of my PMG losses & will be well ahead in the foreseeable future.
I wish you well & GLA to others.
Sorry to say it but the realities are:
That any GPA farm-in (on the go without any takers for more than 18mths) was already dead even before any restrictions & windfall taxes.
Nobody going to invest in it or any other of PMG's so called developments
The current Dutch producers are also coming under heavy restrictions & windfall taxes for the NL Gov. so any profits will be minimal in any case.
Current cash position will be swallowed up in decommissioning this year.
However there is good news in that TC's + others salaries will be just about covered by the windmills & 'green projects'.
Unfortunately it looks as if the SP will hit the same levels as before the re-rating, i.e. 15 now will = 1 then.
As a previously VLH of PMG (soon after the success of TC with Dana) I followed them for more than a decade but eventually gave up & cut my losses.
Again sorry for the above but somebody has to say it & for the sake of all still into PMG I hope I am wrong.
GLA
A possible reason for the sales could be that RG is having to sell to cover due dates for his short positions. It seems that shorting is just one of his 'undertaking' activities.
Checkout the various Google entries about him incl. www.investegate.co.uk
Completely unnecessary scaremongering imho
All this has been known & in the open for some time.
Give us any one African/S. American or other companies in the same business that has not been accused of corruption or free from sanctions or potential sanctions.
MRC - you're probably right in your assessment.
Throw in the Richi/Hunt doubling of the windfall tax causing just about all the majors to cut back on investment doesn't add up to a particularly good situation for PMG to be in.
Gas in NL is & will always remain a small time operation with further developments likely to be curtailed anyway I'm afraid.
Lol to the optimists
Thanks SotB.
Sorry to say but that pretty much confirms what R66 says - it sounds like it was a boring repetition of a long ongoing saga
At the AGM today "all proposed resolutions were passed" by shareholders!
i.e. TC & Co. praised & re-appointing themselves!
Perhaps any SH's who attended could give us a bit more on what Q & A's were discussed (if any), eg. Skerryvore action ? : Gneiss/GPA farm-out ? Others?
The big share turnover & sales are completely over the top & unnecessary.
Great chance to pick up a packet on the cheap.
The most important thing is that the contract was signed so time ago. The details always take longer to finalise, especially in certain countries where lower levels of admin. are not at all speedy.
Patience needed, imho