Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
What we could really do with is a PG & Lonny Proactive investors presentation/interview to add much more meat on the bone.
Let us hope they can fill in some of the gaps in the broad brush plan with some real detail.
MEM
Huge volume of buys vs sells and still the bid is lower then the opening price…
CPR tomorrow???
Pardon the pun, but if GRH is correct, (big and connected) that is HUGE news.
CPR inbound
Whilst we await the publication of the Prospectus and CPR, PG’s lips are sealed, however PG and Lonny will be using this time (with no distractions) to move the project(s) forward at maximum warp speed.
I fully expect a Proactive interview after the CPR publication with lots of news re the CPR plus detailed Testing plans/dates, MOU - 2 update, MOU - 5 plans plus an update re CM (it is planned to be inc in CPR) and maybe a left field morsel thrown in…..
The CPR will ignite the SP.
DYOR
MEM
A troop of trolls
Anyone following COPL will know they submitted a Prospectus in April 2023, still not approved by the FCA.
FCA are under funded, short staffed etc, so although it states on the FCA website a fast track approval process is available - it is apparently not meeting its own guidance of approvals within the timescales posted.
Lonny - SH are as usual kept in the dark wondering what is really going on, be really good to know the answers to the big questions, CPR publication, even without Prospectus, are we drilling MOU - 5, what long lead items as referred to in last RNS, testing commencing when ?
If Prospectus not approved by August 31st - what then ?
There could be the mother of all short squeezes late this week, early next week if there is no news.
If PRD fail in the Placing due Prospectus not approved within the tight timeframe, there should be some hard questions asked.
Before anyone has a go at me, I am fully invested, but I am asking pertinent questions that should be of concern to every LTH.
Do not just assume everything is ok, ask, question and query, it’s your hard earned money.
I have often said we need more transparency - PRD is not PG’s little kingdom, he has responsibility to each SH.
Final question, why the massive rush to raise ?
Finally some will say PG cannot tell us everything ! I would counter there is more he can say, rather than nothing.
BE READY FOR THE SHORT SQUEEZE
MEM
Nigel re strange things ? Yes !
Nigel in recent years airlines have tried to save fuel and therefore limit CO2.
Scientists have now proven a theory of flying at a certain temperature rather a fixed altitude can vastly reduce the production of exhaust contrails, thereby helping limit global warming
We must all do our best
MEM
To those who might be interested I have been flying from London to the west coast USA as a pilot (or as Sefton calls me, a glorified taxi driver ! ) For 40 years.
In the early 80’s I would fly over Greenland, then NE Canada, Hudson Bay, before making landfall at Churchill, hours of flying over ice, at B747 cruising speed, no water, just ice.
40 years later, 85% of water, 15% of ice.
A stark and frightening reminder of just how rapidly the earth is changing.
MEM
The only theory I can image is CHAR wishing to move rapidly into drilling in their newly assigned onshore license, PG has been advised by Star Valley that CHAR require our rig and unless we commit and pay, we could lose the rig, hence the massive rush to raise.
It’s a theory, might be rubbish.
My other theory is we require funds for an additional license that borders our own license…..
MEM
Everyone worried might wish to ponder who bought almost 40m shares on our record breaking volume day, a lot of buying volume in rather large chunks.
Deep pockets, smart money who have completed their DD.
Follow the money
DYOR
MEM
BRV - the voice of reason and balanced opinion
MEM
A few months ago PG asked we trust the Management, none of us have any idea what was the rationale behind the timing and pricing of the latest raise.
I shall wait before passing final judgment as we only have half the story.
Have a good weekend, don’t forget the people of UKR or Silver-foils shattered family, keep yours close and safe.
MEM
If PRD/Lonny are moving on MOU -5 we will have a very rich news period of
Spud news after weekend, Prospectus and CPR publication and possibly initial drill results all by August 15th.
Have a good day.
Silverlight - keep the faith.
MEM
Hi Jimmy,
Just my ramblings to show what is possible, but I would be first to concede we need the CPR to direct us to a more accurate understanding, and another drill or maybe 2.
Lets hope we have the CPR published as early as tomorrow
Taking Keiths figures from his posting on 14th June - I have created a volumetric spread sheet where I can change all the figures in the calculation.
The range of possible GIP re MOU - NE/5 is jaw dropping, from
3.8 tcf for a very thin yet uniform thickness, all the way up to 38.1 Tcf.
I would respectfully suggest everyone spend a few hours messing around with their own S/S.
Then remember there are many more targets across the license with similar characteristics, oh and do not forget the possible oil (likely multi billion barrel OIP)
Full credit to K.Oz
We now have the cash to progress at speed in Morocco, move things forward in T&T and we are expecting the Energy review from IRL any day.
I will be interested to see what area of our license (25%) we hand back to Morocco, later in the month
MEM
Hi SF, that is heart wrenchingly sad news.
Ensure you keep your extended family close.
Kindest regards
MEM
Hi Silverfoil, I think you will be cheered by the inferred figures when we see the CPR, we will be a multi billion Co, sooner than many people think.
I am expecting a bull market in PRD SP starting immediately after publication of the CPR, lasting for a number of months, sometime during that run up on the SP, we will drill into the sweet spot in the Jurassic, then a further climb.
Relax
Agreed, incorrect statement on multiple RNS - I have just checked as well.
Apologies I should have not assumed but double checked facts more closely -