RE: Bed and breakfasting13 Feb 2024 20:18
60m shares can be traded out in the course of significant news, personally don't think the II's would do it that way., they like us have held on for a long time , they want £ per share , they can happily wait 4-5 years.
I asked Sam about the II holders and he said that they were dependent on filings from the II regards holdings, It is down to II to notify the market and there fore the company.
As of 8th Jan : Aeados hold 51,638,961 or 8.06% and RAB Capital/William Philip Seymour Richards 29,000,220 or 4.53%.
Sam Moody and Alison Baker hold around 5m shares (just under 1% ).
RAB capitol will churn the 0.5% of the 4.53% holding, that's nearly 2.5m shares.
That leaves around 555.5m shares in PI's hands , that is a significant amount in private hands , I find that in a lot of aim companies with little to no valuable assets , just blarney , see UOG . RKH is approaching a FID !!
As an aside , I was holding premier oil shares when they were around 2p and sold them at 6p , that was a significant profit, lack of foresight and experience mainly, cost me a retirement at 45. They peaked at £1.40
Roll forward to RKH / DES , bought from 10p, to 40p then sealion was discovered , within the next 2 weeks after discovery, the price doubled ? tripled , this was when oil and Gas was going on a bull run .
The second tough lesson learnt was when I holding 60k RKH shares and even buying more at £5 quid thinking here comes £8 , had I sold at £5 would have made 320k. Life changing for sure over a decade ago.
When news hits , hopefully as we all want, the 550m shares in PI hands are going to come loose and II's (the 2 we know off ) are going to churn their holdings and they will win big, accept it .
What seems a good SP today to sell at, as per the list of sp predictions , may be a good place to take SOME profit., then you wont have regrets. Taking some profit at whatever level would de stress your holding and leave you mentally better off for letting events play out , some cash in the account is essential to trade . Remember how many on here held on too long on the way down( me included, sold at £2.20 ) when there wasn't even a FEED in play. let alone a FID.
For me serious money won't come till 2025, when things have a firm footing re the company and Sealion.
Before then traders will trade the sp swings and that's good, they bring liquidity, this will be good for LTH as II's will use that to off load their overhanging stock (warrants shares) . They may also sell these to other II@s at a premium when positive events start to happen(2025).
As a great crypto trader told me, HAVE : NO regrets and NO emotions when trading.
60m can be traded out in the course of significant news, personally don't think the II's would do it that way., they like us have held on for a long time , they want £ per share , they can happily wait.
GLA
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