Member Info for Gotham

Nice 37k buy just gone through

You only have so much you can sell :)

The sellers should run out of ammunition shortly!

Is probably Pelham long/ short master fund reducing its position on the 1/6 they 94,907,101 shares they reduced there position from 6.22 % to 4.76%

But Stu convert anything they have to inform the market by RNS

I think there is still overhang from the warrants and placements.

SHERMAN OAKS, Calif., July 20, 2020 (GLOBE NEWSWIRE) -- Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV:PQE; OTC:PQEFF; FSE:PQCF), an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, is pleased to announce that both Valkor Engineering and Petroteq’s Chairman Alex Blyumkin have agreed to invest in the Company at a premium to the public market price of its common shares .

Mr. Blyumkin has delivered an irrevocable subscription agreement to the Company for US$600,000 for 15,000,000 common shares of Petroteq at a price of US$0.04 (CAD$0.054) per share – a 20% premium to the current market price. Additionally, Valkor Engineering, Petroteq’s strategic technology partner, has agreed to complete a shares for debt transaction, pursuant to which Petroteq will issue Valkor 45,000,000 common shares in satisfaction of US$1,800,000 of the US$2,500,000 owed to Valkor for previous engineering work. The willingness of Valkor to accept partial payment in shares is a huge vote of confidence by a sophisticated and capable technical partner and the Company believes it is a validation of the potential of the Company’s extraction technology at the Asphalt Ridge, Utah facility.

“I have been working with Petroteq on their proprietary technology for a few years now, and my confidence in the platform and its capabilities have only grown. We look forward to completing the upgrade work and the design of the commercial scale plant over the next couple of months,” stated Steve Byle, CEO of Valkor Engineering. “The oil market has rebounded rapidly since the recent turbulence caused by the COVID-19 pandemic and other market forces,” stated Mr. Blyumkin. “We believe that our technology combined with the inclusion of the Quadrise technology being tested during the upgrade work, will allow us to mine a very profitable niche in the industry. These investments further solidify my confidence in our Company and I am happy that we are tightly aligned with Valkor as we move forward,” Mr. Blyumkin concluded.

10000 bopd x low price $40 per equals $400000 per day income

300 refinery working days thats $120 million

Current market cap is £2 million according yo ADVFN

We are going to make bunker fuel the price is quite stable.

Yes multiples of todays price roughly 5p on conclusion of testing and 10p plus on full production. These are rough prices as if its rolled out to other parts of the area due to the reserves it would be higher. Other income would be a % of the licence for other companies if they get this going plus sale of clean sand for the building industry. Thats if they produce enough and theres a market for it. One thing we know now is they are sitting on millions of barrels of oil in their leases.

Loads going through the Nex exchange

They had to dump the price to fill all of them. Should start going back up now.

This is what 3i do they buy a company or heavily invest in it. They then bring new management in reorganise the business and then sell it for a profit. So a company for example they once brought for 125m and then 5 years later sold it for £325 million.

A lot of the buying went through the nex exchange 55 bid and 65 ask

It's all in the Rns of the 12th May.

Prem has massive buys in it too

1 means im short of shares not Rns as some people think and 5 means gap the stock up or down depend on the price of the trade

Rio Tinto operates in Chile and Mongolia. Romania would be a walk in the park

And a 28 million market cap. Say £200 million for the lot. Thats change to to some of the large mining companies.

Would not surprise me if a large company made a bid. Working mine with brand new equipment and other licences thrown. What not to like??