Member Info for Jonmo91

For balance PG never said $150-200m ‘per’ 40 bcf.

I do believe he will exit Morocco this year. Let’s see what he gets. Certainly worth more than 10p if it comes in. I like the Royalty idea. Will he get 10%?

I can’t see a raise in the 6 p area (if they even go that route) unless something catastrophic happens. Missing out on an 80% rise second guessing a placing would appear a massive own goal

RNS isn’t even overdue yet. Results coming one way or another. We’ll know soon enough. If you’re not trading it doesn’t matter, for a week or so anyway.

I was thinking more of the corrupt CEO and shareholders being wiped out. PRD doesn’t want to be tagged as the next big pump and dump story.

Probably not the best to compare the two for any potential investors looking in.

With PG comments on the Sunday Roast about testing not being as important, could it be he forgoes testing (at this stage) and uses the money towards getting MOU4 drilled asap, assuming MOU3 hits TD and they are happy with the logging? Then test MOU1,3 and 4 at the same to tie it all up?

Depends how quick they want to get on with drilling MOU4. Not sure they’ll go down those routes for that drill. That will likely come in for financial planning for the CNG.

If this drill is successful I don’t see a problem with a placing if that was the method to finance MOU4 drill.

In that case Warren you have another week of no sleep about whether that coma should have been there or not.

On schedule would see them hit TD around this weekend. If there’s no RNS tomorrow or Friday they are not ahead of schedule. Just two days more of unnecessary panicking for you and it’s answered itself and you can get back to normal.

Maybe the interim drill update caught him out!

If they raise it will be for MOU4. It needs drilling. PG hasn’t released interim drilling results before. Trying to trade this predicting a raise is 50/50 whether you get away with it or not.

Certainly wasn’t expecting a mid drill update.

Not too shabby at all.

It will be interesting to see how PG manages the next round of financing. How far will he need to take the CNG to get an offer he thinks is acceptable? T and T in the background won’t help. Either way a successful drill and testing will see 5/6p in the rear view mirror.

It’s not no money. They’ve been selling for a while. They’ll take an overall profit. There is risk to the drill result if it goes the wrong way. They will make a certain percentage overall. That’s how they do business.

He’s kept to the start of June. Here we go.

I’ve been critical of PG in the past regarding timeframes but I do believe that was probably harsh given the macro conditions he is working in. MOU2 setbacks can happen. I fully expect June drilling to happen and testing to take place. Whether he’s been given a kick up the ar se or it’s the cash required for T and T looming it definitely feels more urgent. As always though the proof is in the doing and not the saying.

PG is the CEO of a listed company. The Sunday Roast wasn’t a hatchet job of leading questions and edited to mis represent. He had free reign to talk and talk he did. To blame the Roast and the broker shows no personal responsibility. It’s like a child pointing the finger while still holding the crayon. The advice to go on there may have been poor and PG can take exception to that and sack the broker but what was said was all him, there was very few questions, just a platform to get it out. He should own that. Pointing the finger, and people buying into it, is a joke.

getting the drilling away in the next couple of months, fair play, but it is his job. it’s when he opens his mouth it’s the problem. he says he’s a great geologist, could turn out to be true, as a ceo, shocking.

could july/august bring some clarity to morocco? let’s hope so. can’t trust a word he says but he is the largest holder, the only reason i still hold. still think it’s odd that there’s not been one tr1 (loan shenanigans aside) in the nearly three years i’ve been here and paying attention. you’d think given the prospect someone would have bought into the dream.

we are on the cusp of an answer to morocco. if positive it then all becomes a question of if pg can monetise for prd. needs a couple of interested parties or he’s going to get squeezed to ****.

a quick exit from morocco to fund the next shiny thing in trinidad is on the cards. the die hards won’t have it but come back to this post in a few months.

whatever happens if it’s a successful drill and positive results the share price will be well above 6-7p so no one’s losing out, just not the ridiculous predictions posted on here.

The royalty will make it a lot more than $200m. Lets hope he can get a deal with an ongoing minor interest through the subsidiary he has mentioned on several occasions.

Time will tell but I expect they’ll exit Morocco long before getting any CNG up and running. Keeping a minority interest where all the costs a carried by a partner will be appealing. How much the buy in price will be will depend on how the testing goes.

A special dividend and a royalty without having to put their hands in their pockets again is what he was after. What he suggested in the Roast was what he wants hence he was touting it. Where it fell down was no due diligence and quick sale message. Sounded desperate. The message should have been we are going alone but an offer like this might get us to the table. After the presentation that appears now to be the message. Still think what he quoted is what he wants to exit Morocco though.