Member Info for dissipline

This is a CEO who may be a decent geologist as a CEO he is being exposed as an inadequate. Although he has adequately ensured the share price has been decimated.

We were inadequately capitalised for the demands of the job. He did well to get the first set of drills through. However, when he needed to add management firepower and make Pinocchio a real boy he did not have the magic. Now we are talking of T and T when before it was all Morocco.

Another AIM share where a ton of investors myself included got heavily burnt.

As I said before I was against Nige. Then the scales dropped from my eyes.

We were never properly capitalised to do the job properly. There were opportunities but it never happened.

any scintilla of reputation pg had he blew to smithereens. mou5 drilling is being done i'd assume he would say as a counterbalance to risk in mou3. right now we have a whole bunch of wells drilled and nothing.

so onto the next one to keep the lifestyle going.

then we have trinidad folks roll up ...roll up.

he failed to give us the loyal shareholders spiel...

nige sorry for givin you crapola in the past... though it was a long time ago. the veil was whipped away

and we have seen pg in all his beauty...

i do hope guys get a pay day with this as shareholders have eaten not a **** sandwich but a whole **** french roll

thanks to pg.

Some here genuinely have questions over the share and PG which are relevant. Things could have been handled better.

There is also what appears to be a highly co-ordinated campaign by a troll group. They swarm any poster who has anything positive that is present with PRD.

There are positives and negatives for this stock. It is a speculative share. You have to mentally prepare yourself for all eventualities and accept them to the best of your ability. Most of all you have to take responsibility for your actions.

I am invested but i accept the risk is high as in all oil and gas explorers.

Seems like a bust up. In the RNS they usually have the departing person throw down a few lines on what a pleasure it has been to be there. Not in this RNS...

Maybe more to do with a bust up than the testing.

But it is another PG screw up for it to be allowed to be blowing at this time.

Either way we see shortly. No way you can argue this is a positive.

As all agree PG has to come out the bunker on this one.

Fair points Jimmy,

We now see if they can finally deliver what has been claimed.

Keith and others explained how the percentage gets calculated down. Either you are an absolute idiot or you are a little troll.

If you have any questions scroll back and read. That is if a troll can.

If they pick up a column of helium the value of that takes this into the stratosphere.

The revised gas numbers are great but the value of helium if they pick that up it is OMG time immediately.

Got to have it but if they do well Afrique Gaz and the PM will be very happy. Though 5.9tcf will also do a job.

James get what you guys are you suggesting it will always be the obvious fear. Also agree just RNS. Last couple of days index wise has been tough hoping they are saying to shareholders at this time we are on it, don't sell cheap.

Again just hoping that it is a positive sign from a relaxed management, pre RNS, saying guys targets are getting hit in Guercif.. We shall see soon enough.

All the best

Understand your point.

This indicates the contracts for T + T are progressing. Hopefully it is also a pointer as they have not finished Guercif that things are moving positively so far that they would release this. They could not release anything with Guercif as they have not finished. but, this was a subtle so far so good folks message.

I realise I could be very hopeful here James. I am not questioning the validity of your comment. Just hoping it was a subtle pointer that relates to how things are moving in general pre RNS Guercif.

The other question is is it Lonny's hand or their new T +T guy who is rubbing the oil?

Best to all

In some of the big silver miners etfs we should have a larger weighting. If that changes with positive results we will get a further significant pop.

We will rise with silver and the buying but I believe may take a little longer as we need some of the results to show through. Management will get more proactive when they can release results.

We down 0.1% whilst silver is up 2%. MAG which have 45% of our mine jumping and we do nothing.

At some point the disconnect gets sorted.

This has some of the biggest silver reserves of any miner. Just have to accumulate this and others and wait for the

upward pop.

Got to be good we have a new troll... Masterfry

I think we may have a tough couple of months. Could fall to high 4's again if they really go after it. However the more it falls the better it is valuation wise which hits the bottom line.

I think closer to mid to end of August we will see another shot up. Elections really come into view in US and Fed will be looking to sneak one cut in either for Trump or Biden. Silver deficits are building and Comex is increasingly having trouble holding price back.

Investors Chronicle has 31.5p EPS if this hits below 5 quid it is at PE16 with a much higher price predicted for next year.

When the cuts kick in this rockets.

As silver price rises - margins exponentially rise. This is the Daddy it can hoover the small silver miners in the area and outside. I have some small miners but I want this in my pocket as it will be the surest bet of any of the silver.

When silver goes it goes up real fast. We are breaking up out of a 47 year cup and handle formation. One of the most key technical patterns out there.

Another great piece of analysis thanks jimmy. Great to have guys like you on this board.

Reasoned balanced analysis.

IJWT

I agree there was push back on you. The carrot that was dangled was there may be no need for testing, as there is a buyer on board . Absolutely you were right. The reason PG got upset was that this was all exposed at the meeting from the looks of it.

There were also it appears people placed in the room to harangue him. But if there had been an intelligent testing plan already in place a large part of this drama would have been cut short.

We are all making assumptions on PG's ability to deliver and do it in a more efficient manner. In a relatively short space of time we will see. Pg knows we are running out of road.

The T and T could be a very good deal. But Guercif should be front and centre with everything.

We have to look at all sides of the argument. There are plenty of trolls here. MEM is not in my view one.

Can we react emotionally to what has taken place. Yes. I know I sure did.

Shareholders have taken some very hard hits pyschologically and financially.

SJ may help it maybe the sidetrack. Taking into account the costs and the strategy is only right and the effect on finances and price..

I happen to believe a small raise would actually quickly raise the price of the share as they know we have cover for all eventualities. I was p2ssed sfter that last raise but looking on it damn glad they did and they went in for extra.

Lots of companies have little wriggle room. We expanded our runway.

I happen to agree that it makes most sense to do SJ when we have MOU-5 under way. It gives PG some space if things are tougher on the other wells. Though as IJWT wrote there are a host of intervals there should be some that are easier to take than others.

All the best

Here we have a thread where there are salient points for and against. The idea of a message board.

Cheers guys

None of us know what you have been attacked with but sure it is not pretty. The idea though with gang attacks is to shut down peoples view that are divergent to their agenda. On serious issues this is occurring and that is dangerous.

A thoughtful balanced post. Thank you.

I also agree it would make sense to do the sandjet testing and MOU 5 in one bundle. Now we are in late Feb I believe that will be the course of action. But we wait and see.

PG does need to address shareholders soon and fully.