Member Info for johnpwh

pi is 22/7 and is, from memory a non recurring decimal. So you can go on all night an never find a reoccurring sequence.
Personally I'm just back from the pub and am contemplating cheese & biccies with some caramelised onion chutney. I may give way to the prospect

Well at least it ended in the blue. Mustn't grumble

I haven't intended to imply in anyway that TC or the board lack integrity and honesty, if what I have said has been taken in that way I apologise. I am questioning progress to date and future prospects not individuals character.

It is true enough that diversification is being undertaken, understandably, by major producers. They have massive businesses to sustain and the long term move away from oil consumption is bound to hit them, there s no dodging it. PMG is not a major producer, its a niche producer and should be able to find opportunities to fit into any future scenario provided the world has any dependency on oil, which it will for generations. Indeed if the majors diversify away from oil then that could throw up many opportunities for the smaller oilies. If you don't give your shareholders information it is hardly surprising that discussion boards are full of speculation and misinformation. I defy anyone to say that the companys progress has been as expected since buying their shares and hence defend the performance of this share since the reverse takeover (2010 or 2011?). Judging by the SP the management seem to be failing to progress at the business they know, so why on earth take on something they don't? And that is why I believe the SP has dropped markedly since the 30th August.

Oil/gas will be around for years so why diversify, taking management into new areas they are not familiar with, when the underlying business seems stalled. Or perhaps that's why because they cant see this model working. As explained before I was a very very happy Dana shareholder but that now seems ancient history. TCs description of Parkmead was something like 'a turbocharged Dana'. It seems to me like the bearing went long before it spooled up! One trick pony?

Gas so smoky? I am merely an office worker but to me that implies oil

Was it you who was streaking or the neighbours?
So chaps/ chapesses, what's the SP going to do tomorrow?

Well it hasn't gone through the roof, no surprise for us old campaigners, and I am going to have a bit of a wait yet for the new Porsche. But I think all recent news de- risks the share at this price - unless something horrible goes t*ts up at Lancaster we have a nice floor on the SP and can hold without constant worry. Hard to believe we have seen 60p+ before with what we know now as a possibility. Bonkers. Anyway, anyone else think Malcy is sulking because Dr T isn't giving him interviews? He did this to Parkmead, took them out of his bucket list because Tom Whatshisname (Cross?) didn't jump at his requests for interviews. Malcys comment on his Blog today was even sparser than....this mornings RNS

Too much detail daltry! I don't feel old although my body tells me otherwise. I am getting all sensible and am trying to cut down on the alcohol a bit (and in fact have managed to cut out all Black Tower and Blue Nun!), though I still comfortably exceed the NHS guidelines every week. Was supposed to be in Llangollen today building a house with a friend (ceiling joists), but its p*ssing down so being a keyboard jockey instead. Probably go to the gym and hope HUR is at least 50 by the time I return......

Any thoughts? Not spectacular but sounds like more of the same grades, and a possible life of mine extension. That should make the economics more persuasive as the cost of the plant was already justifiable based on the original resources - in that sense any new ore gets processed for 'free' unless they decide on a bigger plant (which I doubt)

Sounds fabulous. Don't forget you may need to tick the blue pills box to go with the A1 bimbo option

If only I'd kept those flasks...
Splendid OT conversations going on considering we actually have some news! Demob happy?

And I had chianti flasks covered in rainbow colours of wax before you ask

Wow Potty Time, Blue Nun. That's classy! I remember in the 70s at Uni I (seriously) thought Blue Nun and Black Tower were out of my price range. Made do with generic liebfraumilch, oppenheimer and piesporter which were more commensurate with the amount of my grant!

Agree Arbitrader. So the logic is that if there were 10% of the number of shares in issue, meaning a SP of c.440p then the rise would have been greater. True in the sense of absolute terms of number of pence rise but in relative terms exactly the same. I do wonder if some people understand elementary maths

And a strong oil price helping!! Very muted response

Good stuff, muted SP reaction as most old timers here have come to expect. Hope the environmentalists don't object too much to the smoke! Would have preferred the RNS to start 'pleased' or 'delighted' My heart sank initially when it didn't!

oops indeed Ash666, elementary schoolboy error!
Interesting thought though.....although its accepted as virtually certain that there is no link between GWA and GLA (because of that pesky fault), what would happen to the Spirit agreement if it transpired that In fact they were contiguous? How would you apportion a common reservoir? Presumably the possibility is covered by some complicated legalise in the agreement between the companies. Or of course HUR could pump like the clappers while it can! (I originally typed pump like b*ggery, but decided that wasn't desirable)

? Eh ?
By definition, if the MC of a company doubles its SP doubles irrespective of whether it has 1 share in issue or a hundred billion. In a perfect world the MC is the true value of the companys equity (ok the world isn't perfect). I may be having a thick day but I don't see your point. If the value of a company increases by 50% then its SP increases by 50%.

MrPartridge, I agree with you. Having been around this share some considerable time I think the upside tomorrow is likely to be modest but hopefully positive. Most of us here bear the scars of unfulfilled expectations but remain 'believers'.