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Very, very brief mention about 20 mins in. Not worth the bother.
https://twitter.com/presidentplc?s=21
There's a new tweet this morning that hasn't made it onto the website.
I'm with you on this one Doc. I've been drip feeding this since 2014 and just updated my spreadsheet which tells me I'm down 94.09% on my worst moment and 56.94% up on my best. So, on the assumption that someone picked my best moment to be their first and only investment and have decided that's enough for them, then you can't really blame them for getting out with a chunky profit. I'll start thinking like that north of 3.7p per share. Just need the jam tomorrow to arrive and for PL to plop a heathly dollop of cream on top!
Great RNS, a tweet and share price heading north. Anyone else feeling dizzy?
I seem to remember Petrobar being discounted by PL in his presentation.
Let's hope so Northern, some more pretty pictures in the meantime on twitter.
Very rounded numbers on number of shares being bought and all just appeared in the last 20 mins or so. Something is a foot!
Whoops, I apologise to PL! More speed and less haste on my part.
Annoyingly a meeting at work ran on and I messed the call yesterday. I had post these questions via the portal.
Question 1:
You mention "Paraguay exploration PMean internally estimated at in excess of 536 MMbo undiscovered oil-in-place" in the RNS on 8 February. Mentioning this seems in contrast to your other messages that Paraguay should not be factored into any valuation of the company. Can you elaborate on any progress made to the farm out in Paraguay? If this is not possible can give us a indication of how you would rate the chance of success?
Question 2:
Trafigura has been on board for a while now. Can you give us an example of where they have had an impact on PPC since they've been involved?
Question 1 got an answer, but I'm fairly certain question 2 did not. Shame I missed the call as it would be useful to know how or if Trafigura have impacted PPC.
Bit brutal yesterday, lots ot traders cashing out having bought in @ 1.5p? Well done them. As LTH I'm happy to sit and wait with a eye on the horizon.
Morning Northern, I absolutely think 3p is possible with a good report on Monday and like DRichi below gut feel is 3p might be on for close tomorrow. Either way Monday is critical. GLA
With you there AParky. This is where I think, potentially, Trafigura are coming into play by making the jam more likely. Just a question then of adding some cream hopefully!
All very quiet today, twelve days and counting. GLA
I've put these two questions to PPC for the investor meet session. Hoping they will be answered in the update.
Question 1:
You mention "Paraguay exploration PMean internally estimated at in excess of 536 MMbo undiscovered oil-in-place" in the RNS on 8 February. Mentioning this seems in contrast to your other messages that Paraguay should not be factored into any valuation of the company. Can you elaborate on any progress made to the farm out in Paraguay? If this is not possible can give us a indication of how you would rate the chance of success?
Question 2:
Trafigura has been on board for a while now. Can you give us an example of where they have had an impact on PPC since they've been involved?
Below should explain
Date No Shares Share Price Cap Val
Mar-19 1,126,560,677 £0.075 £84,492,050.78
Nov-19 1,135,282,890 £0.040 £45,411,315.60
Jan-20 1,216,925,264 £0.040 £48,677,010.56
Apr-20 1,266,272,332 £0.015 £18,994,084.98
Jun-20 2,007,914,603 £0.015 £30,118,719.05
Present 2,029,924,345 £0.024 £47,703,222.11
Target 2,029,924,345 £0.042 £84,492,050.00
Some of these figures don't quite make sense, however roughly speaking to get back to 2019 capital value the share price needs to be 4.2p, give or take. Hope that helps. I'm currently averaging 3.6 p so can see a profit at some point, but my first purchase was at 36.5p which was way back when there was about half a dozen shares! 36.5p per share would put a cap val of £730million on PPC, which would be nice!
If this is a working theory would getting sh8tfaced double the share price?
Blimey it's only just gone 4 on a Monday - what you drinking? I might get involved as seems to improve the PPC share price.
Update
Meaningful rather than meaning
for a country (like Paraguay) to behave
There is only one state oil company in Paraguay so I thought there was a choice of one and couldn't understand why PPC were saying 'in talks with a state oil company'. Unless, the Paraguay Government were going to allow another state oil company from South America (or elsewhere) get involved which would seem an odd way for a country to behave? More a statement than a question really!
Can't get a quote for selling a meaning amount this morning, only 50k shares or less.
Let's hope so, would be fantastic. Anybody hazard a guess as to why we are being treated to tweets from Louisiana? I don't know too much about the operation there but it seems odd to start tweeting about it if there isn't some news in the pipeline about it?
This is all very exciting! Loads of volume. I've just thrown my last roll of the dice ave down to 3.6 and losses down to 40% from 50% a few days ago. GLA