Member Info for MaverickD

These large orders are why you saw the mms cool the rise at 22.5p to collect the sells to fill the buys

150k buy at 20.99

300k buy filled at 20.92……hold on to those shares! Liquidity will play a big factor if the free float dries up

@YB its not a precise science because the MMs control the bid and ask and could well send this out and the share price gets chased higher. Seen it many times before - I have used Rolls Royce as an example - that was a good one. If you are looking for even more extreme look at the Porsche VW short squeeze from 2008. If the supply dries up the price goes up

PC this is not like GKP fella…..there is cash flow and payments coming in. This is a cash crunch, but the longer this rolls on for the more time for money to come into the coffers. Like I said this is more like Rolls Royce not GKP

No point swimming against the water……..it’s heading higher on the daily

Haha I have the funds on my side they are buying millions, so I have faith in some large trades mopping up any weak hands here

All going to plan we have just had our gap filled from this morning’s sharp rise now need to test that 22.5p to break higher…..

Knocking up higher…..wait until the eye watering buys are filled, then expect this to race past 24p. I genuinely can’t see this not hitting higher highs all week. Tomorrow’s short tracker will be interesting

Well each of us are entitled to a view but what 5m in large buys goes in early doors you know what is happening - more needed to close out before the price gets silly.

Oh and if those are comparing similar scenarios from other london listed companies then this is far more like Rolls Royce than GKP.

Just a cut and paste of my message yesterday at 9:34 when the SP was 18p:

@Paul Curtis well PFC have been allowed to trade through the period and we are now entering October. It is a FACT that the hedge Funds that shorted this 6 months ago have decided they want to buy at market and close their position. Now that will boost the SP because they require stock in quantity that simply is not there. I have read the GC statement and this is the same that most companies in debt issue - this business has a value and the large contracts should decent amounts of money. Now you have no idea what the current cash position is or indeed what payments have been received. Likewise I have no idea on the % profits built into each contract, all I do know is that the business is well respected in the sector and tie ups with the likes of Hitachi and ADNOC underpins this. You are entitled to your view based on your understanding, but please respect that not all those on this board share your viewpoint.

Since then we have had multiple large buys over 250K and even a 700K this morning, which are clearly funds that are closing their short holding. Personally I think it is Helikon or Millenium Capital, as Tages have been exiting on far smaller trade sizes.

Well as the other threads are going around in circles I thought best ton start this one as we should be treading water until we crash through 22p and a further push higher should take place. At these levels I can see an easy 33% increased with the number of shares on loan that need to be returned.

@PC they are completely different GKP had a world class oil producing asset but the oil was being taken and not being paid for by the KRG. PFC is an oil field service provider that also have diversified into green energy.

In terms of what the shareholder received from GKP it was 5% equity.

PC I was in GKP and the problem was that payments were not coming via the KRG. The bond holders there pushed for a deal as they wanted the asset. Here it appears the bond holders can see that the issue has been to some extent due to poor performing contracts and legacy Covid issues. Thai Energy being a white elephant. Now the Hitachi and ADNOC deals appear to be more favourable and the bond holders appear in no rush to call in their debt. Whilst it is rolled over the price will go up for equity as we as holders are acutely aware receivables will be paid to PFC and contacts will complete and new contracts won and milestone payments received. The BH’s are being patient. We also don’t know is their is a bidder circling or some form of expression of interest that we are not privy to yet. I would say funds have been ahead of the curve and when they were adding to their short perhaps in hindsight some should of taken money off the table, but those same funds now are buying stock in the millions right now - so scratch your head?

I think PC you should buy the bonds because they have been flat lining to an extent. The shorters have held firm but in the last couple of weeks 2 funds have slowly been exiting, today we saw far bigger, much bigger buys repeatedly going through and I think Helikon are buying now. With the amount they 5 funds need to buy we could easily head up another 15p before we even are privy to what has been discussed.

@PC How can you assign a value like that - its the same as me saying this is worth X - until we get an official RNS this is speculation

Will prob drop to 20’s to shake a few out

@Tony so it looks like more interest payments on the shorts need paying 153k, 104k, 229k, 100k buys gone through - could be the crazy private investors that want to throw their money away. Like I said yesterday there are some who have a differing opinion to yourself - each to their own though

I think Tony is talking to himself right now…….well the trend is still higher and I bet the funds are still buying to close out their position.

It really should be a good week - have a positive feeling we will be double digits again