Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
This is the stand out wording for me……
“ with good new institutional support”
I suspect they’ve been taken inside and probably signed NDA’s. If they have found the opportunity compelling, you’d like to think their shares will be in safe long term hands.
In which case don’t expect all the 90m new shares to be flipped.
Opportunity to buy at placing price from the bell, then I suspect it’ll bounce hard and won’t stay around 11p.
Fully funded!!!! Wonder what they’ll do with the extra £3m? Oh hang on did someone say drill into the Jurassic?
It closed within a few hours of RNS. I suspect over subscribed. No idea at what price or volume but I’m not talking conjecture.
Bodes well. Whether the shares are flipped quickly or safe hands makes no difference. The speed of accretive value is now going to be fast tracked.
Paul and Lonny are reacting quickly to a commercial opportunity that is in sight.
Let's be clear we've been told the CPR comes at the same time as the Prospectus.
"It is anticipated that the Company will complete and publish a Prospectus in the coming weeks to, amongst other things, enable the return of all shares due to Paul Griffiths and Lonny Baumgardner (including those loaned previously) before the rigless well testing programme commences in Guercif. Additional working capital will be required in the future to help accelerate a potential Compressed Natural Gas development.
An updated Competent Person's Report will be produced at the time of a Prospectus."
The_Cube
@__The_Cube__
·
6m
All were/will be involved in major production linked by common theme.
Drilling and extraction of key essential data
--> 'significant' discovery.
Acid info essential.
Located on single acreage 77km^2
Turnover > $1bn rapidly
RA, SN, LD, JG were integral.
MC started it.
🛢
If MOU3 has far exceeded expectations…..and
If MOU4 has now opened the hornets nest to the Jurassic.. and
If PG has continued discussions with interested parties…
Do we think the commercial strategy of any potential deal may change?
Is the prize so large now that PG is rethinking how he can maximise value creation even more?
Full sale, partial sale, stub equity, special dividend, farm in? Lots to think about..,,🤔🤔
Try reading the RNS's ...page 11...mentions 1,000 ft gas column. You really are show yourself up now.
https://wp-predatoroilandgas-2020.s3.eu-west-2.amazonaws.com/media/2022/09/Proactive-Presentation-Final-8-September-2022-LATEST.pdf
Nordell...I am not the remotest bit interested in the sells, more the fool them. I am merely suggesting we have a lot of buying interest of late, with a pattern and that seems to be continuing today. The net of interest seems to be being cast far and wide as the story continues to unfold and develop. Requires more detail around flow tests and updated CPR, but the signs from MOU 3 and 4 in the past few weeks have been more than encouraging.
I’ve been taking a look at the shares traded over the past 6 weeks particularly the 50,000 and 100,000 blocks buys, identified via the Level 2 book.
W/c 5/6/23 - 650,000 buys
W/c 12/6/23 - 3,250,000 buys
W/c 19/6/23 - 3,700,000 buys
W/c 26/6/23 - 3,450,000 buys
W/c 3/7/23 - 3,800,000 buys
W/c 10/7/23 - 5,500,000 buys
Now there are some interesting correlations for these when compared against the recent RNS’s.
2/6/23 - MOU3 commencement announcement
13/6/23 - Interim MOU 3 update - 2,450,000 buys that day
27/6/23 - Completion MOU 3
4/7/23 - MOU4 spud
11/7/23 - Completion MOU4
13/7/23 - MOU4 update - Nutech analysis
Now this all could be hypothetical, however if these block buys are all the same person that’s 20.35m shares purchased since MOU 3 spudded and upto results of both MOU3 and 4.
This number could be a lot higher as the data also shows block buys of 50,000 and 100,000 in unclassified based on the bid/ask at the time of the purchase, and these are not included in the above weekly numbers. So in effect there could be more than 20m if it is indeed the same person.
Just got me thinking when looking at the data…..and do wonder if we have someone accumulating?
Today the same pattern is continuing with block buying. 👀
May I also suggest for any new investors this superb piece written by Methodology with contributions from many other regulars on here.
https://www.reddit.com/r/PredatorOilandGasPRD/comments/xqaeza/prd_the_sleeping_giant/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=1
Https://twitter.com/PredatorOilGas/status/1679828037452328961?s=20
👏
Mumbo ...let me help you. Try reading this RNS. Clearly states why they raised funds and how they intend to use them. Honestly it really isn't rocket science.
https://polaris.brighterir.com/public/predator_oil_and_gas/news/rns/story/ryeoekw