Groundhog Day2 May 2025 09:13
For over 5 years I have been holding Predator shares. Occasionally selling a few on the highs and buying in on, what I thought, were lows. It's been a very frustrating time but my risk/reward has mostly taken that into account.
We are told daily, by the a very keen band of traders, that all the wells are dusters and this is not a good share to hold. We are also told by one of our better know experts that there was an error in the data that results in this individual selling a large part of his holding. Of course they never say what the error was. Just cryptic clues. With the absence of actual positives figure the share price drops to a figure that scares holders and a large majority sell. We then see the same poster writing more cryptic clues. This time they have suddenly become positive. Draw your own conclusion on that particular individual. Meanwhile the trolls continue with their argument. They are either paid to write comments designed to destabilise or they are just so, locked in a negative that they are unable to write anything balanced. Picking fights with individuals is what they enjoy most and filling this site with dross., adding nothing of value and of course, spreading uncertainty.
I do still enjoy reading the comments here and unless factual, I take with a pinch of salt.
My person view is there are, dotted withing various RNS's, some massive clues as to the potential of this company. Gas and Helium is mentioned. Partners waiting for the development. Brokers reports. It's all there if you research.
Management are in a position where they need to develop this asset without getting screwed. The reward is certainly there. The timing/finance is the issue.
They have managed to remain debt free and PG realised that to unlock Morocco we needed to stay financially stable. Trinidad has added a safety net. Without that we were vunable to hostile companies.
We are fully funded for the current work.
Has Mou-3 shallow sands started yet ?
Mou-5 logs are certainly available to Management by now. So why no RNS?
Maybe shallow sands has not been completed?
My view is that if the shallow sands failed and Mou-5 results were not favourable then they would be duty bound to tell us. So, why are we still waiting ? That's the big question.
Meanwhile as the months pass, Trinidad will hopefully, start adding finance. That in turn adds to Predators ability to not have to rush into any bad deals. Paul is a stubborn but an intelligent person.
Unfortunately, for us mear mortals, it means we have to continue to wait.
As for time scale, well, the fat lady is still available!
Ireland is also still there
Just my personal take and good fortune as ever to all the real holders.
Our time will come.