Member Info for Louis10

Olderpoorer misleading again. Jim refers to the reports twice. Here -

https://oilman.substack.com/p/sunday-blog-21-may-2023

And here -

https://oilman.substack.com/p/sunday-blog-18-june-2023

As can be seen, Olderpoorer deliberately misses out the part referring to the report.

Personally, I don't think there is going to be much of a promotion. I believe this thing was effectively finished with the placing to allow the shorts to close (with massive profits) and the termination of Scot.

It will keep going for a few years to enable the convertible bonds to be paid off, but in terminal decline. Fanatics will keep averaging down providing liquidity for the bond holders to sell their converted shares into. Eventually, the bonds will all have been converted, the leases will have expired and that's it. An empty shell with billions upon billions of worthless shares in issue.

That's my opinion and so far I've been right.

Jim said in his blog a few weeks ago that he thought they might pump it post CPR release, but I'm not too sure.

Hobbs appears to have been brought in as a cleaner to let everyone down gently and wind the thing up gradually over the next few years so no one gets into trouble. The guys with the convertible have to be paid off (too dangerous not to pay them) and if the story can be kept going, existing investors will continue to average down providing the liquidity for the bond holders to sell into.

The bond converts at around $2.5 million a quarter, so the timeline has to be pushed out for a few years until it is fully paid. In the meantime there will be minimal but enough activity to keep the story going.

End price in this scenario will be a fraction of a penny.

Like Hobbs does for you, fister

Thought it was 14p.

I think you'll find he's retired now and writes the blog as a hobby. That doesn't undermine his experience and knowledge. Most importantly he tends always to be right about where the share price is going.

He said a lot more about his career yesterday -

https://oilman.substack.com/p/oilman-jims-letter

Certainly understands business and the oil industry.

20% below the last placing price?

Who are you, Buzz? Are you one of the directors?

I think you tend to get blocked for being abusive, not for disagreeing. PANR has quite a lot of fanatical investors.

As I said you should let Jim know that. Doubt David turns up anywhere apart from the Internet. That's the way it is these days. Organise a debate and bring in all the parties. I'm sure Josh Young would love it.

I thought you said you wanted Jim to go head to head with David.

You should let Jim know that and organise a debate with David. Bring in Scot and Stahel too. That would be fun.

Why do you think I'm bitter about him?

Know nothing about Hobbs. He appears to have been brought in as a cleaner.

My reply to Nigel refers to PRD, the subject of his post.

I'm bullish on CHAR, already own some and will be buying more.

Not gullible enough to believe that Rabito is not David/Scot/whoever else they employ to do promotional posting.

However I will continue to flag any unsubstantiated claims he/they make on this board.

I do wonder if they'll ever test the wells, Nigel (always better to travel hopefully than to arrive), but it certainly won't be before a large placing to keep them going. Possibly other projects elsewhere will become more pressing and Morocco will have to be left for another day.

Well, if as you say he's "less followed" why are you all so bothered about him?

Clearly you know little about the market (not even knowing what a pump and dump is) and even less about finance (no one is going to invest $300 million in a project with a 15% chance of succeess).

You're also a gullible fool, blaming your losses on some bogeyman, rather than the people who actually took your money off you.

Hi Rabito. You're starting to sound like Scot.

Puzzled as to how when Jim suggests buying after the placing and selling before the spud without any hyping (quite the opposite in fact since he points out these drills' limited chances of success) that is a pump and dump. Perhaps you could explain.

Can't really see how PRD could be classed as a pump and dump. It's shares are at an all time high. 88E appears to be at around it's long term average price.

PANR however is a different matter. It certainly does appear to have been a pump and dump. If you're a genuine poster, then you would appear to be one of the victims.

Normally when a media commentator gets matters wrong, the company writes to them explaining the accurate situation. Has PANR written to Jim to correct him? I know he can be contacted simply by replying to one of his emails.

Post of the week, Stan.