Member Info for British_Mike

Andrew Austin's Kistos (KIST) is on AIM listing, and his former Rockrose had explosive growth over a short period and knows what he is doing.

PG is known for following up technical RNS's with quality interviews explaining the details. I'm sure PG will elaborate on the AIM-listing reasoning then.

Good work PG & PRD team, brilliant progress again in challenging times.

Paying special dividend, JV, acquisition and disposal were all at the heart of PRD's strategy from the start - so why was the IPO on the main market in the first place? The reasons stated on this forum thread are nothing new to the business so the question remains why AIM now?

Yes, for II's. Wasn't the first day of trading 2.30p when the market opened to retail?

10 months on from the london IPO and we are still needing to raise funds at the IPO price (not higher)

JuneyG - What do we have? ... If you've not seen the 2018 drill results due 3 years ago or the TEO due Dec last year. You seem confident on knowing very little about what is proved up as reserves in the ground.

The fact the 2018 drill results are not published and the TEO is at least 4 months over due - both crucial in the mining business... who doesn't RNS such news unless it's bad news?

Only reason I've not sold out yet is because I've gone from sitting on a decent paper gain to now a paper loss due to underhand/poor management BoD. Why be a PLC. If you don't give a monkeys about shareholder value.

Excellent video, thank you.

Yes indeed thank you.
Looks like a good time to accumulate half price PRE stock over the summer.

Construction*

Skulker - Looks to me like PRE is just going through a trading 'boring' phase of arranging finance before constfuction. This occurs after exploration success activity. Same is happening with Horizonte Minerals (HZM).

£2.75? You having a laugh... more like £7-10 is what this is worth at the peak imo.

If BP were to only offer £2.75 then we might aswell all sold out when it hit just over £2 and moved on.

Generally interested in anyone's feedback on the strategy here.

I was not invested in Rockrose or know much about Andrew Austin. I just read that he took Rockrose to 42-bag (£6m-£250m whilst he also had 27% - nice work!).

My question is really about his strategy at Kistos. If Mr. Austin took Rockrose to £250m and sold out as a low mid-tier what's the plan here? Kistos is already £140m... is the plan to pay divis as a mid-tier gas and oil? or become a new major as the likes of BP and Shell diversify? etc.

Just curious. Thanks.

Lower Nd oxide spot price?

1-year of poor sp performance - with the Mali government coup I can't see this stock going anywhere beyond pockets of exploration to keep everyone hanging on.

Nice find ST.

But what about all the unreported higher REO exported ore grades and Burundi wanting their own processing plant articles? How is this related to the recent finding?

I doubt ground surveys and a bit of ground clearance is hardly going to break the company finances.

I was thinking to myself I wonder if Crystal Amber Fund Limited are invested in AMC!

Good post Bwana

So Deano,

You're telling me if there's no commercial He discovery in this campaingn the sp will move above 4p? More like 0.40p.
No matter how much people want to hype this up it's no more binary outcome than the next oil and gas play.
He seeps could mean good signs (that the source is there... or it could be bad (poor seal).
Issue here is a He strike is massive, yet the downside is also so nobody knows what a suitable mc is pre-spud hence the volitality

Maybe some investors are losing patience/spooked over the following;

P Atherley never did release a BFS that he kept saying was soon to be released.

P Atherley stated we would be breaking ground in Angolia by January

We have no finance deal yet

P Atherely has cut right back on interviews

Poor detailed BP

RBW export ban by an African government with no explanation after several weeks is weird

Etc etc

Prospector - It all makes sense now, thank you.