Member Info for Chislehurst

When Ghana Parliament ratify the deal, offtake agreement will swiftly be announced followed by another bid from Assore. Price should easily double from here. But ratification is the key.

I agree with you 100% Teddy. Just shows the calibre that was lost when Vincent passed away. A fully focused board shows it's real mettle when times are tough. Times are tough perhaps the board should give up it's right to performance shares for a while on the back of such underperformance.

OK a lot of this is down to the political upheaval in Ghana but I would rather see Neil, Keith or Amanda striving to get to see the new CEO of MIIF and relevant Government ministers instead of disappearing to a junket in Saudi Arabia...

As for RICCA don't get me started...

In reality we will have to see how the new Government pans out. They need to grow the economy, they must surely see that they are losing out on a lot of revenue by delaying ratification. Hopefully, it'll happen in the next couple of months.

Down to 100k now 7.00 / 7.20.

Indeed, can sell a million no problem. Buyer about.

Slightly off topic but...

23 years ago Randy started his role at Metro TV on Good Morning Ghana.

In my research of this Company (Atlantic Lithium) I've watched more episodes of this than Good Morning Britain.

Today is his last show. I thought he was very good at his job.

Sadly mining Martin not there to discuss anything from the mining commission.

https://www.youtube.com/watch?v=mpbSxbMQKn0

Trinidad oil should now be close to flowing and making it's way to market.

At $70pb PRD netbacks are $37-41pb

Today's WTI spot price is circa $70pb so in a worse case scenario

100 barrels netback $37pb equals $3,700 per day

150 barrels $5,550 per day

200 barrels $7,400 per day

These figures add up over time and will fund further drilling without draining existing cash resources. Important time for the Company and hopefully a change of fortune is starting to happen.

Good article RamonM. At least some educated people in Ghana are starting to understand the implications of delay in ratification. The Government is losing out on tax revenues and royalties, the people are losing out on jobs, education and farming (the land currently designated for mining) and Ghana loses out from future investments and projects being jeopardised. Also, shareholders are losing out on a depressed shareprice (although that is the risk we have take when investing).

You'd hope that the new NDC led government will see sense and start to address urgent financial matters. I guess that once the new parliament sits down in January their members will be keen to show they mean business. But having watched events unfold in recent weeks on "Ghana Parliament Live" I won't hold my breath.

NDC win, Dr Bawumia concedes defeat. Let's hope it's a peaceful transition of power. There's dancing on the streets in Ghana so looks ok at the moment.

Also hope that parliament can now get it's act together and ratify our mining licence.

Using your wrong account there Spuds / namco....

It's not helpful to the cause when people need to use multiple aliases to support their agenda.

Funding is not the problem. Africa is the problem. Don't underestimate the ability of the ruling party to fix the elections. Don't rule out a coup. See today, the Metro TV station was attacked. This is Africa. ALL have informed that ratification is not likely until next year (sigh) but whenever it happens the shareprice will rebound massively. We just need the election over, whoever wins will not affect Atlantic. The chiefs in Ghana are more important than the politicians. The resource remains, the only doubt is timing. It all depends on your personal risk / reward levels. Can you afford to wait another six months? This is what investing in mining stocks in offshore locations is all about. At these levels this is a strong buy.

For any new shareholders who aren't aware of the origins of Trinidadian Oil, see the below link. It's a gentle historical take and quite interesting if you have a spare 46 mins or so on a dreary Saturday here in Blighty.

The upshot of it is that there is plenty of oil in Trinidad as it is linked to the vast oil fields of the Eastern Venezuelan Basin.

However, most of the oil there is very sticky. Predator have called in expert Dr John Tingas who is out there with a very large soda syphon to inject a bit of CO2 trying his upmost to make the stuff flow a bit easier...

As PG says, Trinidad is our safety net. It is highly possible that we can generate some cash in the relative short term as PRD re-establishes Snowcap-1 production rate of 100 to 200 bopd which would go some way to cover our administration costs and thereafter allow the drilling of appraisal wells.

Don't discount Trinidad, there is more here than first meets the eye.

https://www.youtube.com/watch?v=0Is0fVnE6b4&t=4s

Pareto,

Less is more.....use that principle.

A lot of things have been mentioned....

Quite frankly I wouldn't mind PRD securing their own rig and drilling their Moroccan acreage 24/7

Apart from MOU-3,5 and now 6 I find MOU-2 particularly interesting especially with that quality seal.

Tunisia would be a distraction imho.

Once you have received details of the AGM you will have the ability to vote for or against proposed pay rises (share allocations). As none of the board have answered repeated questions on Ricca Resources I will be voting against.

They perhaps also could have done better with managing parliamentary ratification expectations but that matter is largely beyond their control.

Ricca was hived off to invest in Atlantic's gold interests, but instead threw money at a "mates" lithium project. Shame because the price of gold (and associated sentiment) is at all all time high.

Many thanks BRV, really appreciate the time and effort to produce this.

This was a useful update from PG. In a nutshell, for anyone thinking about investing in Predator Oil and Gas, it is highly likely that your investment will do very well indeed - but, not necessarily within the timescales you originally envisaged. Good luck all LTH's.

"I can't guarantee anything in this life but I can promise you without little doubt that you and the rest of our very loyal shareholders are in for a reward for your loyalty.

They will all understand soon..."

Keep going back to Lonny's tweet and can't help thinking you wouldn't post something like this unless you were supremely confident of a major discovery.

Pleasantly surprised that the Company has manage to stem unnecessary cash-burn. With the amount of work going on at the two main projects (M & TT) I was expecting a lot less cash in the Bank at this stage. Very well managed Mr Griffiths.

If (from RNS 29/06/2022) the Board was "strengthened with appointment of Lonny Baumgardner, with extensive Moroccan drilling and gas marketing experience, as Chief Operating Officer."

Then I imagine the Board is now weakened by his departure.

Predator will have to fill the void that Lonny leaves PDQ.

Https://www.youtube.com/watch?v=d1p3TS0-P3k

So what happened on 18th August NE of Guercif? Two big red dots. Very interesting.