Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
'unfortunately theres no correlation between harbour and oil price which is very worrying for an oil and gas company'
(rockylee)
There IS a correlation between POO and HBR's earnings, which should worry any shorter.
20 p is not a 'dead cert' today.
I would be surprised if it finished above 20p today.
Nothing is certain.
This is a place of inherent uncertainty.
It seems I was wrong and the games played with the PMO share price for years - attributed, I think, mainly to its vulnerability due to its high debt - are continuing here.
The only thing perhaps that is certain is that the shorters cannot make more than another 19p per share.
Three minutes after p5tvr posted his comment here about bones698 - who predicted on advfn that JOG would slump when it bottomed at 77p - and p5tvr on advfn being the same, p5tvr posted the identical comment on PVR advfn; as I pointed out before, they are all the same person.
He has now taken my screen name of nearly seven years and has been using it for three days on PVR advfn, posing as an anxious woman investor in PVR.
On being confronted with what had done, he alleged that I must be mentally ill.
Although p5tvr writes here as if p5tvr on advfn is someone else, he did admit they are the same when he wrote as p5tvr on PVR LSE, 09 Apr 2021 15:50:
'Really expect Providence Resources to come good . Forget what I have said in the past [on advfn] . This will be a winner .'
He has also left proof that she (longwait on advfn) is TheShen:
Yesterday, at 18:22, on PVR advfn, 'longwait' wrote: 'sometimes it feels like i am flogging a dead horse'.
On 1 March, at 14:32, on PVR LSE, TheShen posted the image of a man flogging a dead horse.
Please report him/her/them to the administration and request that he/she/they be banned from this forum.
PMO did a 10-for-1 share consolidation many years ago - maybe 20 years ago, so this would make 100-for-1 overall.
Here is my reply to draft, which apparently never appeared:
Strangely enough, I posted a comment on UKOG yesterday, but it has disappeared.
Its market capitalisation is currently about 50% higher than Deltic Energy's.
Its forum is very different from this one, with dozens of comments posted every day - in spite of the fact that the company has never actually done anything of note.
Similarly, its share price takes off periodically in leaps and bounds, before collapsing.
A similar point to the one you made could be made by comparing Deltic Energy with bitcoin.
As I noted yesterday, the market reflects the irrationality of investors.
Strangely enough, I posted a comment on UKOG yesterday, but it has disappeared.
Its market capitalisation is currently about 50% higher than Deltic Energy's.
Its forum is very different from this one, with dozens of comments posted every day - in spite of the fact that the company has never actually done anything of note.
Similarly, its share price takes off periodically in leaps and bounds, before collapsing.
A similar point to the one you made could be made by comparing Deltic Energy with bitcoin.
As I noted yesterday, the market reflects the irrationality of investors.
And how about your £400,000 + loss on WSG, ALB1?
When do you expect to close that short position at a profit?
You gave considerable detail of your shorting of WSG stock in January, ALB1.
You claimed that you were short of 2.3 million shares, most of which were sold at a lower sell price than today's. Together with the dealing spread, that means you have a paper loss of more than £400,000.
Here is your last comment posted on WSG:
17 Jan '21
Price: 4.20
Glad I'm short on this... Will close my 2.3m shares out @ 3.25p
(ALB1)
Yet, this is what you wrote just three months ago, shortly before accumulating your massive short position:
'21 Dec 2020 21:30
Price: 4.05
I assure you,,, this will be 10p.... plus in the next 3 to 6 months!. LTH are out now at the bottom and will be shocked at the re rate to come!'
You claim that you are short of three million shares in PVR:
06 Apr 2021 18:41
Price: 3.65
I've shorted with IG, £35k worth, will close at 2p
08 Apr 2021 16:51
Price: 3.65
Doubled up on my short today,, extra 2mil.
The dealing spread alone is costing you £9,000.
You yourself predicted a takeover at 8p:
'02 Apr 2021 20:51
Price: 3.50
This will be taken over,, probs an 8p per share offer soon from spot-on'
If the financing is agreed this month, and the share price gets back to the 8p level you predicted, you will be losing nearly £140,000, to add to your £400,000 losses with WSG.
Maybe if the deal goes through, you'll be saying 'LTHs will be shocked at the re rate to come!'
It soared months ago from about 1.5p to 4p before falling to the recent low of about 1.25p.
The price movements are mainly a reflection of the perpetually manic depressive mood of investors, rather than of events.
A short while ago, there seemed to be a huge depression here, with many comments that the company had no future and that GL is the same as JP.
What happened to them?
A big short from P5tvr?
(theshen on advfn, today 13:33)
You finally shorted TheShen?
(p5tvr on LSE today 13:38)
And TheShen on LSE is pretending that theshen on advfn, who appeared today and supports Alan Linn, is someone else, while p5tvr appeared 8n LSE today, supporting Alan Linn in identical language, whereas on advfn he is totally against him.
He has at least five accounts and is using two of them to have conversations with himself on LSE, and two more to converse with himself on advfn.
Surely a case for a psychiatrist.
'Come on Alan you can do it.Best of luck to all long termers ,I really hope this comes good.'
(theshen on advfn, Today 05:54)
'Best of luck to all long termers,go for it Alan!'
(p5tvr on LSE, Today 08:36)
Note the absence of a space after the first punctuation mark in both comments, as well as the identical remark, 'Best of luck to all long termers'.
TheShen (on LSE) and p5tvr (on advfn) have been conducting a relentless campaign of derision, targeting PVR and its investors - along with bones698 (on advfn).
Both TheShen (on LSE) and bones698 (on advfn) have been predicting a share price of 1p.
Suddenly, this morning, by coincidence, theshen (on advfn) and p5tvr (on LSE) appear for the first time, supporting PVR.
It was zephra, on LSE, who unmasked TheShen (LSE) as bones698 (advfn).
In fact, since then, advfn members have said openly that the two are one and the same.
TheShen (LSE) = theshen (advfn) = bones698 (advfn) = p5tvr (advfn) = p5tvr (LSE).
He is now hedging his bets, in case the financing negotiations are successfully concluded.
'I believe the BOD know the outcome now...'
(ALB1)
You mean Alan Linn already knows the outcome of your £35,000 bet that the price will fall to 2p?
In case you haven't noticed, UKOG shares today rose by 45%, on news that they are going ahead with drilling in Turkey.
The market, presumably, considers Australasia to be too dangerous an area in which to drill.
As I implied previously, LK, 25 or 28p - the two highs - would be derisory takeover prices.
I do remember an intraday high of 28 or more and I remember the price stalling at 25 when the moratorium was lifted.
It has never reached that height since.
Malcy predicted a price of 50 in the event of the moratorium being lifted.
To borrow an expression from another board: the share price seems to be priced for failure.
If you think that the assets are worth no more than 50 pence per share, then by all means sell.
It seems difficult to believe that, but I have learned that on AIM it seems that nothing is what it seems.
Have you estimated what these prospects could be worth to DELT if all goes well, oilriches?
'WHAT ABOUT SHARES?'
Indeed!
I've been holding PVR shares for nearly seven years (although not continuously, as I was out during the drop from about 75p to 10p) and my adversary here has never held shares in the company, says he would not touch them, says he would short them, says he has shorted LOGP, calls PVR a word meaning excrement, and calls investors in it - not just me - idiots.
He has polluted this board and bombarded it with comments aimed at demoralising anyone who is invested or is considering investing in this company.
When I complain about that, I don't expect to be accused of being comparable to him.