focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Essentially PRD is being run on the basis that shareholders should trust the management, end of story.
If this were enough, there would be no need for all the huge structure of company law. Unfortunately history shows that it often isn't enough.
Thing is, institutional investors are generally risk-averse. The information which the company has so far released to us is evidently not sufficient to justify purchase by a risk-averse investor. I don't know why anyone would have thought otherwise. If and when we get confirmation of good flow rates, it might be a different matter.
Ok, the reversed sell at 15.23 has been re-entered just before 1600, 703k and some odd at 11.00.
Someone is clearly unloading a large holding in a hurry. That makes about 1,800,000 sold this afternoon at 11p when the going price was a little over 12p. Surprising it hasn't pulled the price down.
If anybody's interested, there is zero possibility of any movement on Irish fossil-fuel projects before a general election (currently due early 2025). The Greens simply will not allow it, and if Minister Ryan wobbles he will be pulled back in line by his own backbenchers.