Member Info for LythamSlim8

Reasonably sized trade considering the £34m market cap.

Clearly a healthy market in PRD shares.

Promising.

You've gotta laugh.

https://twitter.com/BurggrabenH/status/1669293311931064320

Only a matter of time before we see new ATHs here.

MMs know there simply isn't sufficient shares for what is around the corner.

Agreed. And certainly puts in to perspective what a tight ship Paul & Lonny have run.

Cove raised a helluva lot to finance the offshore drilling:

£182m in under 3 years according to Wikipedia. Compared to an eventual sale price of £1.2bn.

Can the lads blow that figure out of the water..?

I think so.

Apropos of GRH mentioning the Cove Energy bid situation,

this chart shows the price / corporate actions during the period preceeding the takeover:

http://images.energy365dino.co.uk/standard/134598_78cf5dd542f64866b84c.jpg

Onshore gas in a safe jurisdiction, with favourable tax regime, will be in demand going forward.

CEO of Shell trumpeting gas as more than just a transition fuel:

https://www.jwnenergy.com/article/2023/6/12/shell-ceos-new-strategy-sees-a-long-term-future-fo/

If PRD attract 2 or 3 big players into some kind of bidding war scenario, then this will be lit.

True enough O&W.

Suspect though, that the process of successive de-risking will eventually conclude with a buyout of the proven assets.

If the team do indeed prove up the resource estimates

Will be POUNDS not pence.

...

Ha'penny off the next few mornings is my advice 😂

Decent volume again today.

Time for another leg up before the update next month.

Fully understand that it means little to some on here...

BUT...

The technicals look PRIMED.

IF I was a betting man...etc..etc

No 2 son is away visiting No 1 son at his Uni. No 3 wants to watch every chancer's fave film after the footy...

The Man Who Would Be King.

Bon Chance all

GRH ...

Slightly off topic but in relation to your mention being MD of an inter dealer broker.

No 2 son (half way through A levels) is heading to London this summer for work experience at an algorithmic market making firm - any tips / advice for the lad..?

Absolutely. Also...

Zakat - the Islamic concept of alms giving is something else that impresses me.

As government only seems to grow bigger, you get the feeling that personal responsibility for helping the needy and less privileged wanes - perhaps the assumption is that they are taken care of by the state. This is NOT always the case.

New 52 week lows - they're like buses.

Weak China PMI's not helping.

Just my opinion of course but this looks set for some kind of waterfall price move.

I know Ronnie.

Has happened twice before. No debt issues this time of course.

This imo is the real & present threat:

https://www.counterpunch.org/2023/05/30/zaporizhzhia-gazette-notes-on-an-unfolding-nuclear-crisis/

No real capitulation move yet.

20p would interest me.

The Fabians really are a bad lot.

The Zaporizhzhia Nuclear Power Plant situation back to the fore:

https://www.reuters.com/world/europe/ukraine-says-russia-plans-simulate-accident-nuclear-power-plant-2023-05-26/

Another director buying shares.