Member Info for Mumbo_Jumbo

Equity raise... its not hard to guess.

Blackdogtaff - simple and clear explanation, thank you for that.

Hosingdown - how did you work that out?

The field itself is not as mature for it to be used wide scale commercially. It's not an ANGL problem per se but for the field itself. ANGL tech is really good and does what it says on the tin but what information does it actually provide you that it can act as disruptor technology. Take the most obvious use case; screening - does it always capture all the CTCs despite the size and morphology variances, or does it miss stuff out in real life cases or wrongly classifies some cells as CTCs. If it does do both then what's the ratio and how does it stack up against others like GRAIL. If the field was mature and reliable enough, the screening market would have been cornered by now.

Cybertron - What you are really saying is that you are a volatility trader. Good for you if that's your style, but it's not for everyone. Some like to do research and have a longer term view. PRD if you have been here long enough, it is still higher than what it was on average 2 or 3 years ago, you cannot say that about many players in this sector whilst we wait for transformational news for it go one way or another.

MEM - Its all possible once the flow rates have been announced and proven that it is commercial. Family offices employ people to be rigorous in their due diligence before they part with money. And the very first question anyone would ask is.... Is it commercial?

Sefton82

"What is really is consequence is what is happening on the M&A side/offtake side."

"The reality is that the destination - VALUE - is all that really matters."

What matters is that it flows and does so commercially, everything is just distraction and a delusion. If it doesn't flow commercially, there will be no off take or M&A. You should have learnt this from your investment at PANR. Though they have done a good job in convincing enough mugs to believe in their story for years.

Madman-rob

This is a risky business and we take our chances as appropriate but to put up phrases like "close to success when they gave up" is reckless and dangerous.

No one has any idea whether this is any close to success, shifting timescales and focus can be construed as being equally close to failure.

In the last year or so, IOG and BCE have gone into administration due to not being able to flow the hydrocarbons. BCE tried sandjet and then side track but to no avail. Thats why you find me bleating on about flow test here, everything else is a distraction till we can show the gas flows and that should be our no.1 prioirty.

John - all he has to do is publish the initial flow test result, unless ofcourse he is not able to do that because it's not flowing yet. Anyway lets hope that's not the case, but you are right, the mind does wonder and surely PG knows it too and hence the uncertainty around.

Really need to look into TXP once again, was watching from sidelines year or so ago and then fell off the radar. Care to point to an informative post here or elsewhere so I can have a catchup?

All very confusing.... just announce some sort of flow test so we know it flows at least.... call it preliminary pending extended test over longer period or whatever to avoid announcing commerciality.

The risk right now has heightened with Lonny's abrupt departure and the seemingly eternal flow test. PG talks up the Loyal Shareholders... this is his chance to look after them in some way now.

Where is this much touted wall of cash that TXP was meant to be generating?

All irrelevant unless flow test data is published.

Irrelevant RNS fatigue!!

Let's have the one we are waiting for.

Basically everything PG does is full of roses... sigh!! We can we just stop hero worship for a moment and look at things little more objectively. Dilution is dilution whichever way you look at it. It's only truly accretive if it actually results in an accretive outcome.... right now we do not know if it has. The onus is on PG to show that it flows commercially and then we can say it was accretive.

Hampshirelass - LSE is a private site and full of glitches, don't go by the trades listed here.

Not much improved from when I last looked at this year or two ago. You could see it needed to raise 6 or 7 months down the line and likewise it will have to next year.

This is over a decade old micro fluidics technology and it has the feel of a busted flush. There must a be a reason why it hasn't been bought out years ago.

Small cap directors are usually on multiple BODs to rake in the salaries. Don't read too much into this.

This appointment is neither a negative nor a positive as PG calls all the shots in PRD as Lonny found out! Boldy will nod along to every PG does and get paid for doing so.

Its not that hard to understand why the SP has not reacted positively... Jam tomorrow only works for so long before everyone gets desensitised to it. Right now PRD needs flow test results to get the SP going.

Where is he implying Lonny is going?

Cheshirelad86- the answer to your question is no one knows. That being said, testing being extended in Q4 2024 suggests to me that there will be no announcement for quite a while yet, may even be till next year. Only one thing can be confidently attributed to PRD and thats delays, so whatever timeline they suggest, add 3-6 months to that or even longer.