Member Info for mrc_mrc_mrc_mrd

Nm

Huge buys going through. Very nice.

Whenever it comes due, we know that money will have to come in (probably via a placing?) sooner or later.

Suspect the gambler in chief is pinning his hopes on the remaining HE1 stake ten bagging lol.

Frank - yes he knows the SP is not good but doesn’t seem to have much in his bag of tricks to grow the company. Relying on YET ANOTHER asset sale.

At some point someone is going to have to start developing a viable business that can support Gneiss and BOD costs.

Wish someone had asked about Gneiss to really make him squirm.

The last question was indeed a good one and the answer makes me think mr Reynolds won’t be in his position for much longer. Seems to be well out of his depth.

When he talked about being a “trader” I put my head in my hands….do shareholders really want someone who thinks like Chris? Doubt they can exit Ruvuma on a drilling pump and dump. The HE1 strategy certainly becomes clear now - gambled on the drill coming good?

All in my opinion

AA - the gas price is an excellent bonus for PMG. Operating costs are $10 per boe. So no worries on that front.

The presentation was an own goal IMHO

Lol, hope the BOD don’t read BBC news…we’ll be proud owners of crypto mining operation just as the crypto bubble bursts no doubt!!

How cow poo is powering crypto mining https://www.bbc.co.uk/news/technology-57199405

The arrogance of our BOD is astounding IMHO

I like that the host called out all the BS jargon. That was one of my complaints about the original presentation of the new strategy. Slides and slides of just utter bull****.

Why would they do this with nothing new to talk about???

Need to get the volume up a bit to get a placing away?

I believe there would be consolidation associated with the dividend.

The buy back is a separate issue.

In the end though it is all the same as you say.

they will do another consolidation IMHO

The alternative is that the SP drops by the amount of the dividend, so makes sense. means that the value of your holding drops by the amount of the dividend, but we have a clean chart.

https://www.energyvoice.com/oilandgas/351113/valaris-lands-north-sea-jackup-contract-with-cairn-energy/

You have called this right for a long time Kejoglo. Well done for getting out when you did! Feels to late for many LTH now IMHO.

Still the same guys banging the drum and shutting down sensible discussion. Buyers beware IMHO.

I agree on commodities. I think oil and gas equities will be something of a safe haven. There is genuine gas supply shortage, and demand unlikely to take a serious hit from a downturn. Oil a little more vulnerable, but we have opec and reopening.

I think all US tech needs is a shove. Dip buyers have been far too comfortable buying half a percent dip. Let’s see if they want to catch this falling knife!

E121

Property is a massive part of China’s growth, and also a big driver of consumer confidence through the wealth effect.

Taken together with everything else that is going on I see this as a serious problem.

Gas prices driving inflation.

Fiscal tightening around the globe.

In the end all of this will impact earnings, and reduce asset prices. Potentially it will trigger a broader global recession. Markets have become complacent.

Have started up an oil fired power station according to Bloomberg

Oil and gas the place to be in these markets

They don’t want it Jan, but things could easily get out of hand.

It won’t take much to topple US tech.

I think this could be your black swan Chilting

Chinese housing bubble

E121, Chilting,

I wouldn’t count on Chinese authorities being able to contain this. Central banks and governments can only do so much. If confidence fails then it will all come down. You can see this already with housing in China.

AA, you better call me Dan, or Chris will get upset

Dutch gas up 12%