Member Info for Jonmo91

Yeah, well over done. Took some at 12.55 yesterday.

At least it’s not a boring one to keep up with!

Yes plus what’s owed but something had to give to keep the working interest and no debt. Not outrageous at the moment. I would have been happy with 500 million shares and everything tested. 50m or so over that, assuming testing gets done, isn’t bad.

PG has said previously he knows the corporate side. This isn’t the first time he’s done a placing that was timed or priced poorly. He needs his ego to step aside a bit, get someone in who can advise him properly and concentrate on what he’s good at. It’s not saving money if the dilution is higher than it should be on most occasions.

He still has the 75% and no debt and £10m in the bank. If the testing gets done this time and it’s positive it may be a case of the end justified the means. Got to get it over the line for that to be the case.

Decent volume today, few more of those and a new prospectus and cpr should see PRD flying again.

I can’t see them putting a deposit on the trucks or anything else before the financial modelling is done and they’ll need the testing results to prove flow rates before then.

Sounds like the long lead items for the next drill but until PG does a comprehensive follow up to this placing who knows.

It’s a year wait for the trucks. I think he’ll just prove the concept then sell on.

You need to add PG and Lonnys shares owed to that. Should be returned after the prospectus.

Didn’t PG say a year from ordering for the CNG trucks? Could they be the long lead item?

They chose the extra £3m over a higher placing price by the looks of it.

If £7m did them why not get that at a higher price and raise the rest after the cpr.

The prospectus needs to be issued first and as stated it isn’t finished or signed off yet.

This RNS is for the placing. The previous RNS covered off that process of returning their shares.

I hope the extra will cater for the imminent T and T commitments. With what’s owed to PG and Lonny it’ll be around the 550 million mark for shares in issue.

If the results from Nutech are good and if the prospectus/cpr is in the final stages why not wait to raise until after they are released for a better price/less dilution?

pg is tight when he’s got the money, which is good but it’s not the first iffy priced placing, which ultimately plays out on the dilution and the end price per share in any deal he gets.

i thought 15p when we were at 20p if we were lucky, 13p would have been ok. i think it’s the amount raised. also as soon as they put the feelers out the slippery ****ers pulled the price down and you get a double discount.

they have to get the money from somewhere though and they have no earnings. you can’t make an omelette without breaking some eggs.

i was always in the for the results, they may well be coming this time and in the not too distant future.

*isn’t

Why not do the raise after the prospectus and CPR have been released. Would surely have been at a higher price/less dilution. Can they be in that much of a rush if it’s in the later stages?

£7m is a lot hence the 11p. Still lower than expected though. It’s been RNS now, it’s is what it is. This ain’t the first time they’ve said funding for testing. I hope they get it done this time.

grh said his hostile m and a radar was going off a few weeks ago. there’s been an influx of **** tards and they are now attacking him on days he’s not even posted. do the maths.

Historically PG has bypassed the testing for further drilling. They now believe the next sweet spot is 2.5km away from MOU4 and he states they’ve gotten used to the geology with shorter (cheaper) drill times.

Someone posted earlier no movement on the MOU4 location on satellite. There could be long lead issues or funding, or they could be going for the testing as previously described.

The good thing is they have options and maybe any deal in the background will drive the next move.

Dear god I’ve lost a day!

Resolution #4 for the shares.

PG has lent/sold his shares previously because of the lack of headroom. The prospectus allows the share capital to increase for them to be issued back to PG, and to a lesser extent, Lonny.

Not to say this drop is a placing or raise, could be MMs exaggerating someone selling on a Friday afternoon, just that if it a raise, I’m my view, is still a positive.

The allotment of ordinary shares were voted through at the last AGM.