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Probably being matched with forward sales from Novum's mates.
Forgive my awful syntax late night. I should have read through, but you get the gist.
An interview may push the price up and get the quick buck merchants out faster. We will probably bob along for a bit until early September.
A bit worried by the market in the States though Commodities seem to be strengthening. We are in a sensitive period for the markets.
A PG interview would be good.
We may have a bit of churn with the 15 th August shares hitting the market if they have not been forward sold.
I think later in the month as testing process moves further along. When you look at what the Company has done in comparison to size and the percentage that it has of its projects it is a particularly strong offering.
Interestingly I thought we would have a deep dive immediately as soon as they said end of September for results and it went down then has moved back up. There is someone definitely some buy action under the hood.
They want to keep the cash on the books. Also probably thinking what they can buy when the other companies hit the fan. With these interest rates that is a certainty.
This is a concerted campaign from the troll crew. Bombard the board with a blizzard of crap so that credible posters cannot make a salient point.
They then get tired of replying to the welter of crap, then you and your buddies have complete control of the board to post what you wish. This is more than evident on this board.
First idea is very plausible. The second would be an absolute rocket....
Love it if there was some extra acreage could be the price to retain the 25% we have to give back.
The funds would be well spent all ways.
All is pure conjecture.
GRH. Thanks for that one because you have saved me a couple of hundred on a shrink.
That pretty much covered every emotion I had there.
However, don't know if you know this GRH the asset is monstrous. Four drills... four hits.
Having invested in mining companies the odds of that happening are like Muffin the Mule winning the Derby.
They got to deliver the tests and there is still risk. But, to give credit where its due, they are advancing now at pace.
Trinidad further de-risks this. It is just that the financing at times has been sub optimal and could have been handled more adeptly. Luckily the runway is the size of a planetary system...
Good stuff. As others have said they will have justification. But shareholder anger is justified here.
What counters matters is the sheer resource numbers we are potentially dealing with. The over-pressurised drill from MOU1 augers well. Good porosity and permeability has been found when one studies Methodology's work.
We get good flow test results we move to a whole new rating. We also probably have Trinidad sorted now and that could be mythic if they play it right. They will have Morocco underwriting this play shortly. There is masses on offer in that region. It is on the Venezuelan basin.
However financial planning should be sharper in this area. We got tucked up beautifully here... Novum did their usual standout job.
GRH a word in PG's shell like would be most appreciated. I hope Lonny does respond. There needs to be some accountability.
Now we are fully testing, have to take into account that there could be a pretty large shift up in recoverable resources banked. If favourable that really can kick the stock sharply up.
Hopefully that should negate some of the pain of the dilution today.
We had all this garbage about you being an insider. I wish you bloody well were, we would not have had that.
PG needs to come out now and assuage some anger. We do have the assets and we could have had an even higher share count and more dilution. But that was a goolie kicker. As others say great on oil mechanics not so hot on financing.
There has got to be a strong push to get Novum off the ticket.
The assets are monstrous and it looks like they will be developed fast.
Trinidad sorted most likely now and we may have enough to go into MOU-NE or MOU5 whatever they label it as.
When tested properly as they need it for the buyer of our gas we should move up rapidly. As Keith predicts end of September that should be done. So, we'll have three wells If pressure is ok on our books . We only likely need one to do well, to fulfil our contract for that gas. With that we are no pantomime horse like many plays here, the Mustang runs free.
With Trinidad we have optionality and move to a whole other level if they play it right.
Keith you are right.
For the sake of shareholders PG better get on Proactive.
If he cogently explains the raise which many expected and the price, which many did not, he will extract the venom out of the bite.
Long term and short term it accelerates our move into production. With £10 mil Trinidad's Cory Magua is paid for so that de-risks us further and we have two producing assets. .. which means we are a real company with real cashflow.
Cheers mate.
On my IG screen it is in auction and can not be bought.
Somewhat frustrating as do not know the price.
Could the MOU4 costs also involve going into the updip 2.5 km up the road. Or having another look around the Jurrasic?
Seems a lot of cash for test... unless the test is related to another drill for a zone already explored.
Took out the nervous or unknowledgeable. Took the shares and then banged the bid up over 15p.
Rinse and repeat and that is how your money moves into others hands.
This is why we got co-ordinated troll attacks because they work.
Meanwhile there are investors who have followed what is unfolding with the drills. They see the volume of gas and sit carefully and patiently as the stock goes to a much higher price.
It was not my doing that made me money it was my sitting. Many can buy at the right price, Few can sit and wait.
"Jesse Livermore"
Sitting is what makes the money.
John Henry the Liverpool owner stated what made him money was travelling through the volatility.
Volatility works for some and kills others. Position sizing gets you through it and research on your investment.
Now don't kill a troll attack with useful figures.
These guys don't have a clue about the revised resource numbers we'll see when the prospectus is dropped, shortly. They just want to buy in cheaply and scare shareholders.
An hour later they appeared...
Predictably they are trying a little armchair geology which most know nothing about.
Said they would bring price...
Then they use GKP which had a completely different geology and management to infer dubious practises that can occur here. They are treading a very fine line... LSE can hand over their details.
You have been hyping Velocys that have to find hundreds of million to develop their aero fuel.
They have a market cap of under £30 million. You were hyping them at 5p. I guess at 1.7p where they are now a brilliant return.
No wonder you were out there bowing to Page when his BOR need to raise multiples of their market cap and then some to progress their drills which have not moved for seven years and have burnt £270 million in share placings. There market cap below £20 million. You said there was good opportunity in that one. Have you put your money where your mouth is?
For someone who professes to be a Maths whizz you should let GRH give you some advice.
You talk about the PRDsters hanging together. Well there may be a reason no one wants to be in your gang, other than than Page and people of dubious views.
At the moment we are flying under the radar. The Interest rate rises don't help.
However the expansion in EBITDA and the cost synergies do. The maths make it happen. This is on the side of the stock.
Good Company and Good execution so far from management.
Time to add.
Had an offer at 16.8 put it in and got it taken away one second later 17.28p. Took it.
The placing, which is likely, is there to get us into MOU-NE and the updip on MOU4. A few million to get us into what is likely to be a stonkingly large field of gas. They are being done quickly and efficiently and these drills have rates of return that are potentially astronomical.
I can accept that.