Member Info for Jonmo91

The RNS have read the same for the last two years. At some point he needs to deliver.
All well and good if you’re just reading the new ones having recently invested. When you’ve been here a while it can wear thin. It seems PG can get distracted by the next shiny thing.
That being said he only has to be right once so worth the risk, for me anyway.
Have a good Christmas.

You can take as much input from these boards as you like but at the end of the day the only thing that matters is the RNS. When what PG says continually doesn’t happen at some point he can’t kick the can anymore.
Let’s hope it spuds in Jan and the subsequent RNS after testing isn’t ambiguous. I would imagine, even you wouldn’t think that too much to ask.

From where I’m standing you do not understand any concept of balance. When you can see no wrong whatsoever it will eventually come back and bite you. Nothing is delivered until it has been regardless of what PRD RNS says. I’ve been here 2.5 years and we remain at one drill, untested. Been a lot of RNS in that time, none of it has come to pass…yet.
Just get MOU2 drilled and tested.

PG wrong with months, then weeks, now days.
T T a distraction. People saying great achievement for just two of them. At some point it becomes a hinderance.
Hopefully that fixed date for spud lands next week.

Where’s he getting the first couple of million from to complete?

That was their chance to go in another direction. Can’t see his ego seeing a change under him, but you never know.

If you were prepared for months delays it would mean you have no confidence in the company’s RNS. PG only said mid Dec three weeks ago.
In terms of Trinidad PG has been beating that drum for years. I’m not holding my breath.
Ireland should be a goer for any rational county but it’s Ireland.
Get the drill and testing done. If TT and Ireland pop up with something it will be a pleasant surprise.

They wouldn’t have stopped for Christmas had they spudded mid December so I don’t see them delaying it for that. I think once they are ready to go they’ll just get on with it.

He means the drilling programme is going ahead as planned but the time has slipped.
At least this time he hasn’t given an estimate to miss again.
I think we’ll get a spud date RNS before Christmas though.

My only point on that Keith would be any delay in relation to how close the estimate has been and then pushed back. Q1 to Q2 etc is expected like you say. It is a little surprising when estimates in July are missed by October. The last one for mid December was only about three weeks in between. One would hope the shorter time frame the prediction, the more accurate PG will be.

So we should sell our shares now to another unsuspecting mug like yourself? Are you not seeing the contradiction in what you’re saying?

We do know. Novum do this every placing.

The amount of crap posted can be attributable to both sides. £15billion conservative market cap anyone?
The drill is coming one way or another. I don’t see much of a rise until results are known. The last placing killed any momentum.
If you’ve been here long enough you’ll know this is how PG runs it. Another month isn’t a drama, unless you’re trading it of course.

PRD is about the end game. Trying to trade it is fraught with danger especially given PG history of poorly timed placings.
We have no idea how much of the previous 60 million were still churning before this latest lot.
It could be the overhang is near to clearing or it could be it takes the spud RNS volume to clear the last lot in which case there may not be much of a spike before results are imminent.

Because in 6 - 8 weeks time the drill and testing should have been completed. If they are as confident as they seem and it’s a success they could have raised at a much higher rate with less dilution. Only two reasons to raise now. Covers off raising at a lower rate in the event of negative drill and testing or that 6-8 week wait will affect or delay a corporate structure in some way.
Let’s hope it’s the latter.

I’m not PRD’s greatest fan for governance but PG and Lonny aren’t trading this share and quite rightly are positioning the company for maximum shareholder value. I’d imagine the very last thing on their list is worrying about short term traders trying to make a quick gain on the lead up to a spud.
PG and Lonny need an exit strategy to realise their own gains and that will be some kind of corporate structure. Whether that’s short or long term who knows.

That’s great. Cheers Keith.

Regardless if this went under 10p or not Keith is all over his stuff. I find his comment about the company issuing an RNS saying work done but possibly not backed up by the latest satellite data more relevant at this time.
Given we are supposed to be a spudding in the next two weeks, would this still be achievable given the above?
I don’t know how long the prep takes prior to spud.
I’d imagine this may be a more useful debate for investors rather than if Charlotte got her buy in price (which she didn’t here) and her poor entry at PANR.

Yes it would matter if the company kept missing their own time lines set so close in the future.
I hope it’s not tied in to MOU3. Long lead times for MOU2 has caused this delay, would probably be at least a long a wait for the MOU3 equipment.

So if the work isn’t complete does that mean we are looking at a January drill?