Low volume and the hysterics seemed to have calmed and price now stable. Fundamentals not changed can only think that the 4 week Morocco delay may have worried some. Trinidad news not far off now. A buy at this price imo.
Done this before and states that just being honest and we are all sheep and short term traders that don't think a share goes down aswell as up, will no doubt say hes not sold a single share and holds more shares than all of us put together. But likely playing with a trading pot of shares.
All fun and games! We just need some news now and let the company do the talking.
It’s mostly guess work and your guess is 2.9-3p which is fair enough mines different that’s all. There has been no fundamental news to alter the price so if it goes lower hey ho we are only a month away from news flow.
There’s risk everywhere but Morocco seem to have been really strict in controlling the situation and more so than many. UK may have local lockdowns also, Morocco’s borders are closed as we know and will likely only re open to countries with low spread and under control. May not open to Spain if cases rise too high! Nobody knows it’s a crazy world atm
Sorry some dodgy spelling auto correct in previous.
PRD after fully funded for current commitments including Morocco drill. Balance sheet is strong with circa £3mil cash, no debt, raise recently to pay of CLN, large £3mil+ raise carried out at 4p in February.
CAR3Y lease ore the following from the annual report.
“Mitigation: The Star Valley drilling rig is currently stacked securely in Morocco west of Guercif at no cost to the Group. No commitments to rig mobilisation and an enactment of a drilling contract will be made until public health and travel restrictions are relaxed and market conditions improve.“
Very very likely the sideways movement is consolidation from 4p placing and profit taking/de risking from the small 2p placing to pay of the CLN.
Prob get a few selling as Morocco have not fully opened up yet. But they have opened borders for residents and international travel will follow. The state of emergency is kept in place so that they can enforce local lockdowns if needed. Was always going to be end July open and still can be imo.