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Sentiment seems to have over taken the asset value. Liquidity going to become important over the next year or two on AIM market which this stock has. The handling of news flow nothing short of shocking.
DP, Even IF they have a trickle of income, what is the net $ per barrell to PM which is never discussed let alone the price per barrell. You only have MOU and 40% going to goverment being trucked hundreds of miles probably only six months of the year. How many trucks at your disposal and then storage and that is to satisfy the companies 3m expenses.
Any comment by management, would raise price. A simple note as last is all that's needed.
But that seems beyond comprehension to our directors. The stock is a no brainer short or long for me. The stock offers every thing, but lacks a little common sense at the top.
Bowley, there was a youtube video here early today, where the Indian manager stated in March they could not get the staff because of visa's not being given by the government, the materials used on the project had not had customs clearance and payments had not been made by the government. Then in June/July he said meetings had been done and the problems. sorted. Maybe is red herring or coincidence. Another point he did mention 90% of the work done on phase 1. Could not find any more info on the other phases or what they are, just for clarity.