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As I said, good prospects IF they drill or test, but as has been demostrated repeatedly in the past PRD are unlikely to ahere to any self-stated timeline. Total lack of clarity and communications will see this perhaps back in the 7s before long.
Certainly if no set timetable for sand jet perfortation will see confidence in delivery of any near term objectives at rock bottom. Near enough already is rock bottom.
Recall also the statements around Trinidad providing income for Morocco. This was said in numerous rns back in 2020. Trinidad was then mothballed (for numerous reasons). The narrative is now back to Trinidad providing income in recent communications.
I would be (and am) exercising maximum caution here.
Social Media commentators have been wildly far off the mark. In fact, many have been so far wide in terms of predictions that I am surprised they even continue to post at all. Many will swallow anything that supports their strongly held viewpoints, but reviewing PRD performance objectively it is only possible to see a company that has so far failed to deliver the primary objective which is gas flow, despite holes being drilled over 3 years ago. Suggesting that wells in trinidad be worked over to miraculously provide income some time after Q2 is as ludicrous as it sounded originally when printed. I predict we will hear nothing meaningful about Trinidad well in Q3 or Q4.
7p range is support. It seems very likely it will get there soon unless the directors give a firm date for testing.
Not invested currently.
Will consider at 7.5p if it arrives.
Closing below 9p would be very significant as indicator of near term direction.
Still pumping this sh*itco are you lot.
We'll speak again when the SP is 0.10p and then again after that when the next capital raise rns comes along.
Until then all there will be is tumbleweed and a depreciating share price. More of the same to come for all holders, unfortunately.
You were all fairly warned, but nobody listened.
Madman Rob
88e also just said they were 'fully funded' not a couple of weeks ago in numerous 'legal documents', as you put it. But then immediately placed for £5m shares.
Now, its entirely ludicrous to compare prd to 88e. 88 are a well-established sh*itco who will likely trade in the 0.000s of a penny eventually. Prd is not that. But both need funds to ensure survival, and you will know if you have read all the previous rns here (as I have) that Prd placings have come multiple times in spite of posters such as yourself stating it cannot/will not happen etc etc.
The director of prd even lent his own shares in a very tortuous attempt to create headroom. Worked, but not before the financial advisors seemingly quit soon after. Coincidence? Guess we will never know. But yet you say a placing cannot happen... Doesnt follow.
I would urge you to review all prior rns and capital raises. Not least the 11p raise for testing (again) which sunk the sp and traded it at 7p range pre christmas.
The rns are there to read.
Yes, not currently in. I was in, but sold down due to the last rns and went away and made good gains shorting sh*itcos on AIM.
Again, prd is not one of them and shorting a company with prd prospects would be foolish.
But watching and waiting does not seem so foolish at present. That is all. Openly bearish shorter term. Agree with you that the potential value is huge, dont doubt that. Just feel that more delays likely and capital raise probable/possible.
Yes, my opinion.
Nigel
Placings are a requirement for small cap explorers. There have been many here. In fact, there has been an extraordinary number at frequently inopportune times. I feel a placing is again very likely. There are others who will likley agree, and of course many here who will disagree.
Drilling will not happen here for some time in my estimation - probably Q3 onwards. Sand Jet also seems unlikely to happen for some time either, judging by the vague lack of committment language used in the recent rns. Often a subtle clue with PRD.
I feel a placing is very likely to underpin Mou 5. 12% chance of success is a practically wildcat.
Sand Jet tesing may of course prove up the reservoir, but certainly no guarantee. Any difficulties with Sand Jet and PRD will have to raise at an enormous discount to todays prices ahead of any Mou 5 drill. And that discount could be at a discount to 2p or less if SandJet does not establish contact. I do not think anyone would disagree that 1-2p is likely in that scenario. Sand Jet is 'last hope' sort of territory.
Why would they risk it?
Therefore, expect a capital raise soon at a discount to todays prices as they currently are.
My opinion.
Not currently invested.
Would buy at lower Market Cap to justify new risk as I see it.
If Prd announce Sand jet is through customs and a set firm date then expect a small rerate and buying at a higher pre-test Sp would be justified.
Im not invested currently.
Good that PRD have confirmed the extension; that was a bone of contention.
I find it very odd that they give no clear indication of drilling or testing, yet again. Poor comms.
This vagueness is unhelpful for investors.
And I repeat, as it remains relevant - Paul states the market undervalues prd. However, he gives no clear guidance and leaves investors having to guess at even the most basic details. This on a background of continually missed dates and target timelines.
What does he expect. LSE is shot and 'non-updates' like this one do not help at all.
The issue with the extension has been floating around for months. Anyhow, todays rns puts to bed that issue and everyone can move on.
But... days, weeks or months away for sand jet?? Its a complete unknown and this is why prd will continue to be undervalued. Is the kit through customs? What does 'preparations...can be progressed' mean...?! Means nothing to me, so I translate it bearishly as 'havent planned yet, but intend to plan" = open ended
Great if they test and flow good volumes- shareprice will blow the gauges, but vague updates really dont help.
9.2p is poor and almost 100% reflects poor comms.
Still out. If we get dates and clear customs for sand jetting I would buy back in for the ride. But I would rather buy back at 15p than buy now on the risk of it falling away as the haydevils roll into Summer and more non-comms muddy the waters again.
Miner4... is it the full stops that are dramatic, or the extra circa 4 billion shares from the capital raise hitting the market at 8am that is dramatic.
The consolidation will be even more dramatic-er when it comes, Im quite sure.
And good point, Olderwiser...
Anyway, lets see what 8am brings.
This is useful to compare 88e
https://www.reddit.com/r/PantheonResourcesPANR/s/amvgPtaAUp
Might someone give an indication as to when the 3.5 billion shares from the placing that wasn't supposed to happen as 88e were 'fully funded' are due to hit the share register, please?
Was it 1st May...? As in Wednesday 1st May.
Pretty sure that is what the rns stated.
Three. Point. Two. Nine... billion.
Yup.... Billion.
Consolidation, anyone?
Jimmy
Apart from you being clearly a sheep-masked wolf of some kind (it really stands out in your subtle commentary!), I happen to agree with your general sentiment.
I was in for a while on the prospect of testing but sold down after the nasty taste the fluffing of the 'testing' rns left in my mouth. That, and getting a sense of feeling like I was being talked down to like a child at the recent hnwi investor presentation. It was a little unpallatable. Sold out.
Predator have good acreage no doubt about it, and clearly appears that flowing gas is possible. IF they test. And only IF they suceed. But beyond the obvious this company has many warning signs all over it, also. Company presentations are pure promote, and predator are no different, except you also get agression and some odd kind of threats thrown in for free. Markets on LSE are shot, but dont make that the excuse for a low market cap when your company doesnt test and places shares unceasingly under the premise of testing. Its pittiful lack of accountability.
Otherwise, the possibility of placings must be taken as a serious consideration, and more signifcant delays than many here are likely (or willing?) to acknowledge.
I feel a placing is approaching and that is based on the prolonged delays, poor rig availability and Paul being more interested in exploring than producing it seems. As well as a similar history of silence when approaching (and bypassing) laid out timelines.
I highly suspect he has been trying to work some new deals while testing is put once again on the backburner. What is happening with CEG? Paul is fixated on Trinidad. It is clear. There may be a bait and switch coming along. Its not uncommon for junior explorers to keep the fires stoked with distraction.
Delays here often lead to unfavourable rns, and the first many often hear is when that rns lands and the sp plummets.
With this in mind, I suspect a placing will occur before testing or drilling has happened, and delays to sand jet and mou 5 will stretch into Q3 and Q4.
If prd test and flow, with no delay, then good on them, and everyone IN will make good gains.
I am not curently invested. Would consider after a placing to ensure funds for drilling (as testing likely wont happen until Mou 5 is drilled... IF it is drilled!). But not before.
My view only.
Sharebel
If 88e was the Titanic, you would be that one passenger telling everyone to remain calm because the iceberg is already priced in, and that now is the time to get an upgraded room.
See you at 0.1p
Sharebel,
You were promoting 88e as a buy well above 0.4p recently, and yet here you are >50% down even on that level saying the same things. Your clucking is becoming more frantic, it seems
Taximan since you feel unsure between 88e and PANR this is useful as a summary to help balance the issue at hand. Many keep making comparisons betweeen 88e and PANR, understandably. Especially as the SP is falling away here and rising steadily over at Pantheon on their excellent IERs and SLB Modelling
https://www.reddit.com/r/PantheonResourcesPANR/s/amvgPtaAUp
DYOR
0.16p as expected. The selling continues.
Gobble gobble gobble... the clucking noises seem to be getting louder. Can hardly imagine the ruckus when the Sp arrives 0.1p, and then a consolidation rns lands. That will be a proper Christmas cracker.
Going sub-placing price in T-minus 2 days, and counting...
Well done to those who saw through the pump and got out.
Sharebel
You are like a turkey telling other turkeys that they should vote for Christmas three times per year, and to go out and buy stuffing at 0.5p, and then when its 0.17p that they should keep buying more because M&S says Christmas this year will be great and stuffing prices might get better (despite january sales approaching).
11,005 posts from you tells most people what they need to know. And the current shareprice tells most investors what the market thinks of 88e prospects and Hickory 1 results.
Its not even a deramp, its just the basic facts that the shareprice is unwinding day on day, even inspite of your protestations and increasingly erratic posts.
Carry on buying, sure, but it seems that many took the information that was freely given by various commentators and opted to get out while they could. Many lost money here based on a mixture of fluff and pump from posters such as yourself and less-than-transparent reporting of results from Hickory.
But anyway, you continue promoting Christmas and buying stuffing and when jingle bells starts playing we can chat again and see if youve noticed the roast potatoes and brussels sprouts being prepped, or how many feathers you have left. The sensible turkeys have already moved to places that dont celebrate christmas in the meantime.
Sharebel
Those advising caution from 0.5p have been shown to be completely correct in their assertion that the SP would rapidly tumble.
Conversely, even taking any of your posts on 88e at random from the last few weeks one can deduce quite easily that you have less than no idea what you are talking about.
Example:
--
Sharebel
Posted in: 88E
Posts: 11,003
Price: 0.32
Strong Buy
News is so close!!
12 Apr 2024 07:43
Bought more yesterday a quick 10k top up and if it is manipulated back further will buy some more! Getting rather exciting here that tweet was a teaser and news could more than likely drop intraday! I hope so to knock the manipulative MM off guard! Bags to be had here and fantastic oversold entry price right now but for how much longer? IMHO DYOR GLA
--
Bags to be had...? Did you mean bags to be held?
Its just nonsensical spam you are promoting.
The market has already made its mind up, anyway. And that decision is reflected in the sell off thats happened and continues to happen.
DYOR.
...and you can hear the sound of reality setting in here that 88e have once again destroyed shareholder value. All time lows and 3.5 billion new shares about to hit the register.
In total, 28.5 *billion* shares about to be in circulation. That must be an AIM record?
Must ask the question why management did not partake in the capital raise? Rarely a good indicator.
Genuinely am sorry for anyone who invested in 88 and lost money, especially for those who were taken in by the pumpers on these boards. Many tried to help guide novices over the past few weeks that the Hickory results would ultimately tank the SP and a capital raise would be forthcoming. Quite a few listened and got out, so well done to those few.
This is useful as a summary to help balance the issue at hand since many keep making comparisons betweeen 88e and PANR, understandably.
https://www.reddit.com/r/PantheonResourcesPANR/s/amvgPtaAUp
Hsg.
Is it speculation that 88e are down 61% on the year, 40% on the month, and 23% down in the last week on the 'successful' drills. And is it speculation that despite 3 rns to try and get the price up 88 did a 40% discount placing at company lows at 0.16p that no director participated in to sophs and insties that are being sold into the market as we speak, as evidenced by the enormous below mid point reported late prints daily...
No, its not specualtion. Unfortunately its reality.
The two are not the same.
As expected, huge after hours prints of sells below mid point in day (.165-.180)
Offsetting by sophs.
Will simply continue until they are done scraping some marginal profits. Shares will officially hit register and of course SP will tumble further on the dilution. Chain reaction coming.
Standard operating procedure when brokers help out the sophs and insties... Like clockwork.
Sharebel will have some other explanation all the way down to sub 0.100 Im sure.
And as if by magic... a 30,000,000 after hours print below mid. *sell*
As predicted.
Wow... new lows. Not just in the SP (which is where all of the level-headed commentators expected it to be after they saw through the multiple fluffed up rns statements) but also in the fact that people are still trying to paint the flow tests as successful when the entire market has sold it off due to the flow being abysmal. 4 barrels, and then they pulled the plug. 70% frac fluid return and 4 barrels of oil... These are undisputable facts. Its worse than bad. Which is a shame, but still remains a fact.
Then as expected just like clockwork a 40% discount placing for a few million quid now being heavily sold into the market and a few underwater PIs trying to convince themselves this is the opportunity of a lifetime.
The SP tells the story. It will almost certainly continue to drop. There is no chance imo at all that a new well is drilled in Alaska by 88e. Zero. What is very likely is a ready supply of hopium and more placings and a consolidation before year end. 88 will likely bait and switch to surveys on other projects. Alaska is a dud as far as Hickory (and the wider market) was concerned.
Anyway, keep smoking the hopium, if that is your thing. One thing everyone can agree on is that 88e will keep supplying it readily to Sharegerbils and the like.
Of course, more after hours prints for sells of 25m shares and more will show up today. Wait and see.
Good luck if you stay in but again, all were warned repeatedly but clearly most ignored the sage advice offered by many. Some sold and are no doubt very happy they did.
Sharegerbil...
There are a few billion shares for the 40% discount placees to sell into the market. Looks like your pal HandSpringGuy made the same mistake as you. He also thought the after hours prints were 'buys'. Dear oh dear... Do folk never learn?
Why did the directors not participate in this placing?
When is the next placing?
When will the shares consolidate?
These should be the questions on your mind.
Is that the same Stas we were advising there would be a placing on 88e and the sp would crater down to 0.2p and then lower. The same Stas who told everyone to keep buying 88e regardless! ...but then there was a 40% discount placing on 88e and the sp cratered down to 0.2p and then lower still.
Is it that Stas? MysticMeg's friend, Stas? Who now sticks around on PANR.
You could still buy some PANR, Stas, and make back some 88 losses.