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I think this is about to turn the corner. The PQE shares now add some meaningful value and the work on the assets is also likely to start very soon. At this level the value is quite clear. Needs 20% to get back to the placing price which was a very sticky issue to long term investors current and new. I predict 500bopd by year end and around $5m+ in liquid investments. Not bad for the current Mcap and not a lot else on aim compares. What do we think Eddie may do with the Petroteq shares value if the share price doesn’t represent value? Thinking caps on.

https://www.bloomberg.com/news/articles/2018-07-17/oil-oozes-from-rocks-in-utah-fueling-dreams-of-untold-riches

I would expect they would have been better just stating that the target zone had not been reached and the drilling plan was being amended to counter such.

Would they have expected to hit metals in the zones assayed?

If not its more of an operational failure than a geological one?

Rationale is it's cheap and the JV/Funding etc is due one way or the other, if they raise I see a base of 2.5p if funding comes via a JV 6-7p then double figures+ during the drill.

Risk reward looks good and will continue to buy a few over the coming weeks.

Agree 11-14p today I reckon. Superb news. Not one bit in the mcap.

Yes great video that one. Plain to see the direction this is going in when she gets her feet under the table.

Well over 15m volume since the move started last Tuesday/Wednesday.

Free float only small so I expect any buying pressure will really move now this now.

It is holding up very well and we appear now to be consolidating ahead of the expected confirmation of her controlling interest.

Just needs the Takeover Panel to do their bit

What sub £3m mcap with the quality of the individual whose coming on board.

Are you having a laugh.

Jog on....

Its not trading that much above it's year high after the consolidation.

What reference point from her CV leads anyone to believe she will take this private?

That's not her MO.

We all know that.

Silly to speculate otherwise.

More market abuse from Brainer.

Matters little what her stake is at.

She's holding after that point to the end game.

All good

Going to be one exciting week here with a lot of developments and progress with VM coming on board.

Getting in now is like getting in one of her usual start ups at 1/10 of the starting market cap. Last one she took from c£25m to £750m. Will we see the same again?

There are no guarantees but she wants a controlling interest. Ask yourself why the queen of tech in the UK wants to control this entity. It’s not to tAke a back seat and watch someone else run it.

Err that had some serious consolidation in the process. Using true figures pre-consol gives a much clearer picture.

She’s also loaned £500k unsecured. That’s my security that the deal will proceed.

Don’t talk utter rubbish. The nomad only resigns if she joins imtk due to the conflict. Till that point there is no issue. Chance if Vin Murria not getting a nomad thereafter is nil. Read the RNS FFS.

This time though the starting level is a mere £2m so the gains if similar success is attained could be much higher for the early investors.