Member Info for dougb189

LSE didn’t accept the symbol for ‘less than’

…. We can see that they have sold as there are still another 4 bond holders, with only an additional 3 bonds, from a total of 82 available. The question is why, and it could be that they have hedged to then cover the voting. That they perhaps need the proposed consolidation. It’s going to be easier to rinse at £5.25 than the current 5.25p as will possibly be inclusive of fresh blood buying from the US.

Then worth looking at the other metrics and North of us, we have a resistance line slightly above 6.75p. This is primarily from the warrants, with 138M warrants (31% dilution so v.significant) at 6.75p each, plus say 10% profit then puts 7.425p as a pivot point. So could be a 40% profit from today’s buying price.

To the South of us and how long is a piece of string ? The average purchase price on each bond, is c.5.3p. Each bond security of $200,000 only cost the holder between $156,000 (78%) & $160,000 (80%) which then gives an average close to 5.3p but to then assume that this is the lowest the bond-holder will accept is rather foolish. They are now currently picking up c.$140,000 in fees. They then only need to make c.$20,000 from selling a bond to walk out relatively unscathed. That then suggests that with the current conversion rate $0.0817 / 6.75p that they could possibly go as low as $0.00817 / 0.675p hence why I suspect the need for again more consolidation.

Assuming that the main player is still onboard, then the 40% target prior to the warrants kicking in, is not too shabby… for any prospective fresh blood.

Lol, will try from 2nd para.

..,Anavio have now sold again, with a reduction in the 2025/8 securities, from 79 bonds to an unknown number below that. We can see that they have sold

A new format by LSE restricting the size of posts, to sound bytes ?!

“wait for consolidation”

& it’s perhaps worth waiting to see what the main players next move will be.

Anavio have now sold again, with a reduction in the 2025/8 securities, from 79 bonds to an unknown number below that. We can see that they have sold

“wait for consolidation”

& it’s perhaps worth waiting to see what the main players next move will be.

Anavio have now sold again, with a reduction in the 2025/8 securities, from 79 bonds to an unknown number below that. We can see that they have sold

“wait for consolidation”

& it’s perhaps worth waiting to see what the main players next move will be.

Anavio have now sold again, with a reduction in the 2025/8 securities, from 79 bonds to an unknown number below that. We can see that they have sold

Lol, but wasn’t Monty Python where we saw King Arthur decimate the Black Knight by multiple slashes ?!

King Arthur : stand aside Black Knight I’m here to cross the bridge to the dark side & decimate the Pi clan..

BK : none shall cross!

KA : chops knight’s arm off with a savage 40% RTO slash

BK : tis a mere scratch

KA : chops knight’s other arm off with a savage 33% slash from an RNS (01.04.22)

BK : ohhhh, tis yet a mere another scratch

KA : chops knight’s leg off with another RNS (2023) resulting in a 66% loss.

BK : hopping on one leg, shouts defiantly, ‘tis merely a scratch.

King Arthur : chops the Black Knight’s other leg off & posts “give up you eejit, there’s nothing left of you to fight with..”

BK : I’ll burn your ears off & bite you to death..

Lol, who other than 100% Llyw-less still fails to see the irony.

Contemplating the utterly preposterous 1000:1 then leads to 3 main scenarios :

With no adequate explanation given it might suggest yet another paperwork mistake, that an initial request, say for 100:1, then got sent out with an extra zero attached. A catalogue of errors already exists & would support this hypothesis.

Or that AM has promoted the 1000:1 partly as a wind up knowing that news could be issued prior to the electronic votes then being despatched. With even the most ardent supporters now generally having taken on board the possible risks that 1000:1 could generate, it appears to be an almost unanimous NO vote, opting to remove the risk of yet further ‘errors’ again being covered by even further dilutions from willing financiers at the Pi’s expense. With many peeps holding out on voting till the last moment on the possibility of news arriving it could well be that an RNS with possible field developments, flow rates or even a belated JV, then takes focus.

Or that AM is perhaps hedging for a ‘lost game’ scenario, ie. if insufficient gravity in production after GGS Phase 1 to enable a self-sustaining development, it could then mean going again to those willing financiers. He could entice further financing at far greater discount plus leveraged with warrants & further finance convertible fees all requiring serious consolidation to enable a rinse. Irrespective of further confetti, the future options packages are retained at 10%. The vote required to enable this would need support coming from the BH.

The clock though has still a few cycles prior to a final decisive decision having to be taken. Still reckon we might yet see that RNS with ‘colourful’ development being promoted & failing that will then be voting to safe guard against yet further mistakes.

‘‘.. and JV discussions are ongoing with talks focused on ‘commercial terms’…”

Any hint of a JV actually occurring would then see us c.£200M with an sp c.50p which would then only require a consolidation of 10:1 to float us on the US exchanges.

Yet here we are, in the real world,

& now having to contemplate AM’s sudden request for a 1000:1 consolidation.

Am I alone in thinking those eazy placements, lack a bit of.. sincerity ?

‘…if he is voted out then who takes over as CEO?..’

Obvs, innit.. put Lizzie on the throne.

Gives a fresh impetus on the PR

& retains the old man, as the main mud-hound.

‘… no idea what Mulholland is up to..’

“… a mis-step by COPL..”

With such a preposterous suggestion, one has to contemplate,

has AM been drinking Carlsberg…

“..Will be interesting to hear Mr.Goozee’s thoughts on the upcoming votes.

A wee bit unfortunate perhaps with the timings,

Equity having been acquired on the 25th,

& then the 1000:1 announcement 3 days later…

13 million votes would certainly make a strong comment,.”

So what are he odds on Mr.Goozee again seeing c.1900% return ? A pretty reasonable long shot perhaps if some RBL is found to capitalise on that field or even perhaps with a sweet deal negotiated on a JV, to then capitalise on say a 20% recovery rate from c.1B bbls of OIP.

Similarly 1900% would then return c.£1 on those purchases which were done at c.5.75p.

So why the need to consolidate and raise the spectre of a £1000 sp ??

Nice buying price indeed, when one is targeting 12p / £12

I hope you are correct Eazy, but the references are only of a Stage 1 GGS taking 2 to 3 months, covering those initial wells. Which then works out at c.6 months after the last cash injection, or around $2M a month spending power.

To vote down the consolidation is indeed the correct way forward for any potential LTH. But AM though imo, will very likely get this through.

Clue.. I posted a possible pre-script over the weekend,

which was basically a similar RNS, used to similar effect, in August 2021.

(& highlighted several times the inaccuracies posted in our RNS’s)

I’m therefore guessing we will again see a similar RNS before the AGM.

The correct flow figures will then appear later, as the actual WOG data for this month, will then get posted 30 days After the AGM.

Lol, but I did explain he was neurotic.

LSE admin confirmed he had then removed himself.

The main point Shouston in that downbeat assessment is highlighting that a well known, good quality ii, then exited their holdings, courtesy of the lack of any financial planning.

If you remember the slightly neurotic trader LB & his complete meltdowns that after every placing there immediately followed within two weeks yet another placing, which was then to allow the two HNW chaps with decades of experience in O&G to then come onboard. There was no planning. If a placing was subscribed too, then AM immediately rinsed it with a 2nd placing. (LB removed himself from LSE on health issues).

Your ‘5000 bopd is within reach’ is a bit ambitious.

As is your ‘GGS finally funded’.

Only 8 wells, c.25% of the field, is currently financed for GGS. And you know that the estimate for full field is 7000 bopd, so you should be able to work out what 25% will give.

Hoping that it does reach your figures but would I now trust AM to have a cohesive forward looking financial plan, that does Not involve further dilutions. Sadly not.

Anyone else get a feeling of deja-vu after reading of smart money moving in... “ James Goozee also a TR-1 holder of PREM, which has increase approx 1,900% in the last 2 years. JV is close IMHO..”

Just a quick wee recap then for all the newbies.

The last significant TR1 here, was from a holder who Also came in off the back of a 2000% payout. That holder was Hadron Capital who had recently invested £2M in ARB at a price of 10p & had then waited 2 years prior to cashing their chips in at above £2. A nice cool £40M collected. Next on their horizon was a £2M investment here, picking up 10% at 20p. Within 2 months the dilutions were such, that Hadron…. vacated. Put simply, AM treats the ii’s similar to how he treats retail & spits you out. Two months the ii stayed.

So now we have again similar figures, with Mr.Goozee having entered off the back of a good run on Prem. A wee bit unfortunate though with an arrival 3 days prior to notice of 1000:1 consolidations. Will a 2 months period then be a regular benchmark for holding here ?

Let’s just hope that Mr.Goozee gets to see some benefits, that the tide eventually turns & that good peeps can then recover their losses & then likewise, will no doubt depart.

Lol, some quite incredulous hypocrites of late, all advising the doubters to depart. A quick 5 mins browse then reveals :

Seahawk “If you lost faith in the CEO you should have sold straight away”

SeaHawk

Posted in: PANR

Posts: 1,764

Price: 19.28

No Opinion

RE: Data room farce

9 May 2023 11:10

….I was not happy two years ago when they informed us that….

….This is going to keep drifting down until we get some clear direction…

….Why is it taking so long to get…

Posted in: CTL

Posts: 1,764

Price: 39.50

No Opinion

RE: Final Results

9 May 2023 07:31

…The SP is going to continue to drop until a clear statement is made by…

…Until we get sight of the actual rules people are not going to invest in large amounts..

Posted in: PANR

Posts: 1,764

Price: 19.50

No Opinion

RE: Data room farce

9 May 2023 07:00

..Agreed Cricket the silence at the moment is somewhat unnerving..

..Where is this bloody data room that they have been talking about since last year..

..Where is he plan for this year?

..Come on board get your finger out..

Lol, but some very amusing reading today.

To sum it up, the double act of the Cyprus Edition Village People singing “ATB” & his partner Llyw-less, both relatively new comers to the bb, but both certainly giving it their all, that their opinions far outweigh any of the inconvenient facts.

Lol, but for getting the message across, then one perhaps could not wish for 2 better performers to highlight the deep bigotry that several peeps have of anyone who dares question the management.

Quite an entertaining read….: Dumb & Dumber.