Member Info for highlandmatt

Will we see 'transformational' finances in the Q2 numbers? Production should jump to between 25 and 30mmcfd. Higher pricing for CB should mean an increase in profitability, with increased revenue but not much increase in costs.

Bid creeping up. Looks like the recovery is on.

Parallel tracks - 1. Pursue Oak/Portillion. 2 - Seek bank approval to remove / amend covenant. 3 - Just wait for the $3m VAT bond to be sellable in a few days, and for the backdated CB monies to land from Shell (another $5m?).

Possibly a little early? RNS on 21st said 10 days....so a bit later this week - Thursday?

got to be better than the ****ty brown coal poland burns.

Think I have figured it out. Google now showing 2 x trades of 4m. I think someone misskeyed the 400k as 4m, and the second 'transaction' is it being reversed. Could be proved wrong by delayed trades later.

Google finance shows a couple of 1.6m trades at 13.62. But nothing showing here, and London Stock Exchange only showing 1 x 400k trade. Odd. Anyone have a more detailed info?

Value in the ground is not the same as revenue from production.

Given the raise was trailled to those in the know, I suspect they have forward sold already, and just get to reload cheaper.

Folks complain they don't get a chance to participate in a discounted placing, then question why anyone would buy at the placing price. Amazing.

Porters - you are deluded if you think anything I say on here can manipulate the share price. The BB gives an option for folk to express a view or not on the share price. I choose to, as I think potential investors would find it useful to hear from existing investors. My opinion can change day to day depending on news, research or share price movements. While it was going up, it looked a good buy on momentum. Once testing has started and SP has levelled off with some derisking, it's less certain. However, I still think PRD offers a decent risk/reward, otherwise I wouldn't hold an increased number of shares.

It depends on you risk appetite and current holding. I was overweight, having borrowed from other holdings, so was reducing my risk profile by taking the trading profits I planned for. I was a strong buy at 3p, but for new entrants I think it's a weak buy at 6p.

Yep, I've topsliced some of the excess bought around 3p after mou5. Still hold more than before though, just taking some trading profit.

You don't get a turnaround opportunity without there being issues in the first place.

Location location. World's largest pure helium resource, which might be a renewable supply. Certainly a USP at the right time.

The market cap prior to the placing was £7.5m. With an extra £2m in cash on the balance sheet = £9.5m. 152m shares = 6.2p. Getting in below the placing price seems a good opportunity.

You can buy at 5p in the market if you want to participate.

You missed the CB monies backdated to 1 Jan landing.

Someone got out of bed the wrong side this morning.

Even if you say after tax net profit at CB is $2m a quarter, that's $8m a year. Not bad for $23m outlay. Now Cascadura capex is done, that will be giving free cash flow as well. The backdated CB cash and VAT money are due soon, and Cas 5 and 4 should be cheap and quick to connect, giving another boost to income. All lining up nicely, and feels like we have turned the corner.