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Waffling Buffet - Thankyou for enlightening everyone here, with your far superior investment knowledge.
I wasn’t even aware PRD was an AIM co.?
Still if I keep listening to you, I’m sure I’ll catch up eventually?
Blue glow, I take on board your comments, but is not the dilution to PI’s shares, the same as the dilution to Paul Griffiths shares?
I pretend no other than thinking that PG ultimately, will be seen as playing a blinder here?
When the assets are owned by us, until we decide to sell, not taken over at someone else’s will?
I am as impatient as the next man and as I stated earlier, this is quite a large investment for me, but PG has more to lose than me, so I’ll wait as long as it takes him and thank him for getting us this far and wish him all the best, proving up what’s down there.
Doubt whether there are many on this BB that could compete?
PS Everytime I get in touch with my advisor regarding PRD, he repeats what he told me a long time ago - “It’s going to be a bumpy road” and every SP drop - it’s just another chance to top up”.
I think PG has a damn sight more to lose than me? I have a large investment here (relative to my standing) and I don’t need my belly scratching, I need Predator to prove up everything I believe will come to fruition. It’s not so long since the Board were getting slated left right and centre for a raise that was oversubscribed and accepted, by $2,000,000 (from memory) at 11p ……… looks like excellent business now, as SP is under 9p and the $2m has paid for T/T to come online.
If there is commercial gas, the Board will deliver, if not, it wouldn’t matter how much pointless hand holding, cuddling and cooing comms do and won’t make one jot of differerence.
At the start here, I stated that PG had more to lose than me ……. he also has a wee bit more to gain than me too ( I don’t think he’s here just for a salary?)
£50 m MCap - fully funded for 2024 - I’ll put this in front of a 33/1 shot at the Cheltenham Festival!
Star Valley Rig going to drill the Jurassic, waiting our turn on Sandjetting equipment to test our previous drills, T&T about to come online and start to help out with financing future drilling/testing in Morocco. Chances of Ireland coming off, closer than they have been. Presentation regarding “who knows not” end of this week, where anyone with the will, can ask any questions regarding where we are with all projects.
So all you lot whining on about poor board and comms, have no excuse for cluttering up this board, with said whinging and whining - if you’re that disappointed with your holding- get out, or go and quiz PG and LB.
All the prospects are high risk and potentially very very high reward, my take is to let the people who know more than me, get on with their work.
GLA (except the posters with hidden agendas!)
Does anyone else get sick of the endless, pointless rhetoric on here?
Very few recent investors will have bought, or sold shares from advice posted on here, other than the info given by Oz, GRH and few others, but even then , in the biggest part, that would only be reaffirming what they had already been told?
Either get out, if you don’t believe, or can’t afford to believe? or just sit and wait for news to come through ……… it was never going to be anything but a bumpy road and I for one have made the largest punt of my life, on hopefully well considered, industry professionals, advice and info.
Stand back, look at the evidence, make your choice. It’s either there or it’s not?
If it’s there, it has been, long before we arrived. If not, we got it wrong …… move on and stop all the moaning and bad mouthing.
GLA
hi guys - started doing some research into this one and although i appear to have missed the boat slightly? looks to have plenty going for it, escpecially the route to market, should they find?
biggest problem to getting any hints, as to info through this chat …….. is wading through all the bickering and ******** - any sensible insights, would be gratefully appreciated.
thanks in advance.
ObiWan14 - while I was waiting for news on the bank debt resolution - I ended up filtering messages from the “waste of space” contributors whose input I still don’t understand? They appear to have disappeared for the time being, but filtering them worked for me, I suggest you try the same?
For what it’s worth, my take on the funding is that even though there is huge dilution, we now have a clear run towards profit and long term success.
Hopefully with the changes in directorship, there will be more transparency in accounting procedures and an increase in production, with the 2nd line active ……. the balance sheet will look a whole lot better, in as little as 12 months?
I like the deal the bod have done, keeps everything “in house” and totally takes the pressure off, so that targets can be clearly focused on, with the right people investing more of their own cash and with the carbon credits “carrot” enticingly dangled ahead of us.
I also feel for those long term investors, averaging way above the last few months fluctuations - .8p is only a success to those who gambled on the short term survival of the company (including myself) - but I for one, am sticking with my shares, for what I believe to be a good business plan and not just a short term profit.
Time will tell and GLA to genuine investors and posters!!
Monkeydluffey - would you care to answer a couple of questions please?
1 - Why in the last month, have you preached of the imminent collapse of WBI, on a daily basis, if you have no financial, or otherwise interest in the company?
2 - Why in the last month, has your grammar changed from well written “ King’s English”, to some kind of “weird” language that originated somewhere distant from these shores?
3 - Explain why everyone who checks your profile and posts, wouldn’t come to the conclusion that you aren’t anything other than, a proper piece of work?
Many thanks, in anticipation of your reply
100% upside on loan facilities being secured, mad dash to dump, with nothing in place and debt recalled - so down to 0.2p or thereabouts?
Company have a really good business, if they get their act together ( upside is staggering from todays numbers!) …….. but I keep reminding myself of pondering their strange accounting methods over recent times which at best are baffling and at worst …….. misleading / manipulative.
So - it’s a punt and I admit I’ve had a go today, but with my eyes open.
BTW - was there any explanation why funding was withdrawn?
GLA
With a current share price of 3.9 p, the BOD have done as well as they could - the conditions aren’t so bad, but simple fact remains that they need to get a proper run rate, in which case the dilution isn’t a big issue (literally). I feared we were dead in the water? Lind must have been shown some data to make them take the gamble? Time will tell, but we are in the game and I for one, am going to throw some more at this one and average down
I too am worried, if results aren’t significantlybetter than market expectations, I’m afraid we are dead in the water - no value to raise funds, just ready to be picked off by one of the big boys , at a fraction of true value - the bod will have been more than aware and hopefully will have managed to get plenty out of the ground?
Sat with everyting crossed that the 600k invested by the bod wasn’t misplaced?