Member Info for British_Mike

PRE has been on an uptrend way before its LSE IPO nearly a year ago... hardly a pump n dump.
Not to mention PRE is a main market listing and is not AIM-listed shows no knowledge... or was Camper meaning minnow miner stock in general?

Just watched... all great, when are the dividends coming?

Why don't they do what BPC did and have a offshore drilling crew self-isolate and just get on with it. There's wells being drilled all over the world as we speak.

Indeed RightOn. I'm here for the dividends... time to roll :-)

Yes, great news. Just not sure where I stand with 'extra' shares I asked for (not talking about 10% entitlement shares). My platform shows the stock as the exact amount I asked for extra but is not being traded. Therefore, I am unsure if I got all the extra shares I asked for. If I didn't, I'd like to buy more on the open market below 35p lol.

Thanks RightOn

Righton - Thank you for taking the time to explain and no need to apologise. My frustration is not with PXC BoD to be honest. I'm annoyed the MM's have dropped the sp below the RI with no justice to do so. It's like being first at the theme park with a pre-paid loyalty ticket only for some passer-by to be let in first with a discounted voucher. My webinar comments was tongue in cheek sarcasm venting my frustration. No offence to Shareholder Webinar members or PXC BoD.

Totally agree

AH said before christmas along the lines it was just a matter of staff numbers running documents through the photocopier... to the latest being by Dec 21 lol

What happened to the next Shareholders interviewing Pheonix BoD that was a month ago on Youtube... wasn't they supposed to be every couple of weeks? Guess nothing good to say now that Rights Issue proved more expensive than open market. We need some positive news.

An d there's your 35p on the open market... discounted shares to LTH's? what discount? lol. Hopefully onwards and upwards from here.

As predicted they drop the sp to a fraction over 35p at the end of the 'response date'. Still expect it to drop below 35p on the 26th and 'then' hopefully the slow climb back up.

£2/share as a special dividend on the sale of Morocco interest (assuming low estimate commercial gas)??
Sounds to good to be true... and as for upper estimates I dare not put it in the calculator... but I'm on the roller coaster to find out.
If this is the case, has nearby companies that discovered gas sold their interests post discovery? Is the special dividend idea been used by a nearby company using PRD's discover and sell model?

Many people don't get rare earth metals, helium or Co2 injection... The markets will correct 'true value' once PRD evolves. You could argue correction is already taking place with the rapid rise from 3.5p - 15.5p. The markets overshot to 15.5p and as things develop a more steady climb will take place hopefully.. like at JLP (Jubilee Metals) has once the business model is understood.

HZM did a recent placing at 7.5p... never stopped it falling to 7p straight after. Long term it should go up of course.

I'm sure someone will correct me if I'm wrong. How I see it is like this - existing holders can purchase 1 new share at 35p for every 10 (entitlement) you held. So if you had 20 shares you can buy 2 more at 35p each. Then you can apply for excess shares (35p price) for as many as you like. How many 'extra' shares you end up with depends on how many 'entitlement' shares are not purchased by other people. If not many take up the entitlement offer then there's more in the pot to go around. If you hold a certificate then unlikely to get many extra shares. However, a nominee account (like Barclays stockbrokers) has a 'large pool' of entitlement shares which if not taken up get dished out to those who asked for more. Careful how many extras you request as you might end up with all you asked for! The sp is sitting just above 35p but will it stay above 35p post-offer with millions of new shares being issued? Always a gamble trading :-)

Good work Paul and the team, thanks for the update.

The sp has performed brilliantly. The interview was excellent... and has put me in a right dilemma! Paul was very confident Morocco drill will hold gas. Although Ireland and Trin are company makers on their own... a duster at Morocco will hammer the sp. Do you derisk as 'normal' with minnow oilies or do you sit on a 6 bagger through spud to TD. Decisions decisions... Paul's confidence in Morocco COS has made me want to risk being greedy lol.

£2 come quicker than I was expecting! It's great when the sp moves up to a level that 50% of your average is the daily movement.

The company before PRE was searching for copper whilst standing on a tier 1 NdPr mine lol