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Pill to treat Covid could be developed by new government taskforce

https://www.telegraph.co.uk/news/2021/04/04/tablet-treat-covid-symptoms-goal-new-government-taskforce/?WT.mc_id=tmgliveapp_androidshare_Aw6WWld5yzxf

https://www.lse.co.uk/news/orsted-plans-wind-farm-hydrogen-plant-at-north-sea-port-pbhg5rr91if9egd.html
Wind power to hydrogen another possibility although cracking natural gas into hydrogen the more likely market for PMG.

While many of my shares in the commodity sector are doing badly this RNS has cheered me up! I may well off load any profits made over at CNE into PMG because this company is becoming a major North Sea Gas Producer at a time when the market for hydrogen picking up and most UK power stations are burning natural gas. Take a bow Mr Cross.

Yawn..... I will be far more impressed when CNE either sells on the debt for a % or starts seizing Indian assets!.

The RNS did not light me up with excitement but the prospects, bad pun perhaps, of a new CEO and a bid or significant JV arriving in 2021 do so added 20,000 more to my stake a few mins ago on HL. I am minded to take profits at around 50p which I think is still a year or so away.

CNE should sell the debt for 30% to a big, greedy US Bank with a very nasty legal department and let them savage the Indian Government both in the courts and via lobbyists in Washington. In the end they pay up, just not the full amount and both the bank and CNE walk away with some money.

Lower costs of extraction. While I like to drool over high concentrations of gold per tonne in an RNS it becomes expensive to extract especially if its buried under layers of rock. To find decent concentrations in a soil analysis is encouraging imo.

I have held a few thousand, glad I made some money from top slicing but am well in the red with remaining stake. I fear, eg emotional not based on tech analysis or hard facts, that PAT will drift lower so now thinking about what news and what price I might consider buying?

As said below, India although potentially a tier 1 asset will take years to sort out so this is all about Africa. How long to get into production? Might it attract a JV or bid?

Encouraging but as long as the price of gold is rigged by paper trades on the global metals exchanges the sp is not going anywhere fast. We need to see fiat money like the US $ weakening under endless QE and gold prices through $2000 an ounce for SRB sp to fly. For now, its watch, hope and wait.

To deliver a deal I hope?
Purely a guess, he might be just another management parasite, he might be a backroom tech kind of guy who is working hard on affordable engineering fixes to sort out the reservoir issues? Wait and see or sell and move on.

Not queuing up imo......a few interesting parties taking a fresh look at HUR perhaps?
But a sp re rate possibly on the cards if the reservoirs are found to contain more recoverable oil than was thought late last year. The suitors (such as they are) will be keen to make a bid before a formal notice is issued on reserves and well life.

Buy more around 10p?

We need news, good news from India or some juicy assay results from Africa.

The price range interested me, FDA agreement seems to have lifted the sp today and I wondered if their product might do the same for me?

Futura Medical, up 71% at 78.70 pence, 12-month range 7.65p-84p. The pharmaceutical company reaches an agreement with the US Food & Drug Administration for further studies into its erectile dysfunction treatment. The FDA agreed to a confirmatory clinical study for MED3000 to be conducted. The study will be known as FM71. The FM71 will be conducted before formal regulatory submission as a DeNovo Medical Device.

Hope so, solid production and cash figures will help a little!

But what HUR sp needs to fly is a credible geological review of the reservoirs and a more optimistic/realistic statement on what is recoverable. The RNS of last year totally killed HUR as an investment and until that is confirmed or corrected upwards this is a risky punt.

If the bad news is confirmed then one can only hope that the oil keeps flowing and the bond holders can be kept at bay in which case the current sp probably represents fair value.

https://www.lse.co.uk/news/top-news-bp-to-develop-teesside-blue-hydrogen-production-facility-bbg2swy5teywrvl.html

Where will they source the natural gas from? Not PMG and Dutch fields possibly LNG shipments? Blue hydrogen could help perk up the North Sea Gas game which might have some future impact on PMG. Given we have already done the wind farm renewable energy thing perhaps Blue Hydrogen the next PMG news?

Good news but wonder if this is already baked into the sp?

Anyone feeling brave and going to buy this week or should we wait until next week and see if it drops towards 10p?

Personally I believe the drop over done but there comes a point where you have to stop averaging down so for the time being I am holding. If I see good news and a sp uptrend then I will add more. AIM and PM explorers a very bumpy ride.

Agreed JohnLewis going to be a bumpy ride for PAT shareholders for some time I fear. In the end when all of the panic has subsided a couple of funds will walk in and buy the shares on the cheap.

Compensation.....I take comfort from that but more importantly the tone of the statement. PAT is being polite and wants to work towards a fair settlement of the dispute with the Indian Government. Why? Loads of reasons they are big we are small but perhaps most importantly this is potential tier 1 resource and if PAT keeps it then the sp ups and downs will have been worth the grief. How will the market react in 5 mins? Probably down a bit until the institutions have read it through a couple of times?