Member Info for NicetoMichu

also see Agadems post of yesterday at 19.46 pm.
The answer to that Q he submitted for that Monday call may give us that info ahead of interim accounts update - thsi would be any forward guidance associated with that update as the accounts as to mid year etc- of other info avenue(s)..

breaking decently through 2p would be psychologically big here imho..

I think it should easily have done that recently already.. but soon to do that is fine too..

hopefully we'll also get a decent run of slow steady upticks in oil and gas prices - in parallel - from now too.. the opportunity of that in itself should see some more players come in to play in the sector.. and ppc with its current work programme is an exciting play around now.. and a few newbies might even grow into a small herd.. and that a bigger herd ...etc.. hopefully

buy low, sell high !

indeed lemonade .. and plenty of chance for more awesome returns to come in coming weeks workovers/drillings too.. and an incredibly solid base business here now too .. and very low costs of production too.. and a lovely balance between oil and gas too.. and a top partner in Trafigura too.. and Leeds Utd about to do lots of rock n'roll in the Premier League too.. Altogether, at still meaningfully under 2p as I type, this s/p is A NONSENSE imho.

More like a show of confidence that the Nigerian government will continue to make good on the '''very tricky''' situation of Calabar not being able to pay them anything remotely like what they owe them around this time, and I guess for 'some' time to come too

(understood that bottlenecks etc in the grid are not allowing Calabar get appropriate levels of generatable power out onto the grid either.. and the pricing of that power through the transco etc and onto end users is 'tricky' too .... as I've said before the Nigerian National Grid jigsaw is a mess in many ways.. but hopefully as we go that picture will get incrementally better.. still, as they say, 'the s/p price is currently low for a reason'.. BUT the vision is clear... and if you believe in it then you might do well/very well in the end here.. hopefully )

PL:

''It is great to be back in the Premier League under Marcelo Bielsa.''
“We know only too well at first-hand how much he is widely respected and followed not only in Leeds but in the whole of Argentina and South America."

For those who don't know football, Bielsa is a cult figure the football World over.... with Guardiola and Klopp lauding him as a visionary guru .. and he has been national team coach of Argentina and Chile as well as big club sides in South America.

This is a clever double whammy marketing play to reach UK Investors - not least Yorkshiremen with much brass hidden under'th bed :-) - and South American Investors too. As I'm quick to fire out misery posts here, I should of course, equally, give credit where it's due too : I tip my hat to PPC here.

I actually only got that just now KRTH.

Very fair play to Mr Peter Levine.. and as a liverpool fan breathing a large sigh of relief may I say Leeds Utd are a breath of fresh air to the PL and I wish them a great season

https://www.leedsunited.com/news/club/27023/president-energy-becomes-official-international-energy-partner

indeed Drichi.. strong RNS and I too am surprised this has not gone up at least somewhat so far today.. I wouldn't go as far as shocked as it's ppc.. disappointing one more time and there have been so so so so so so so so so so many disappointing times for so many here

( 1 'so' for each of the last 10 years btw...which have altogether been heinous for long term shareholders .. and feeds into my theory that long-term size holder(s) is/are bitterly selling down the tail of their holding here towards maximum damage to s/p as it/they closes the door slowly behind itself .. if your average is for eg 15-20p, selling the last tranches of your holding at 1.5p versus 3p for eg makes little overall difference .. this was 75p+ ten years ago don't forget)

Still hope spring eternal.. so bring on those drills .. and here's hoping !!

very interesting cable article, thanks for posting Zengas ( and the Cable, once again, shows it - seems- to have great inside track here )

Good stuff and much appreciated chaps.. particularly porschefund.

And I'm all for Porschefund not having to change his alias here to Porsche after shave fund or Porsche key ring fund !! :-)

Ps; if the company only delivered a decent chunk of what you guys list and GENERAL SENTIMENT TOWARDS THIS SECTOR moved even from awful to decent then the nett effect on the s/p would be the - positive - same imho. So here's very much hoping for that too !!

much appreciated ColdBuffett ( and Viveka earlier ) and a fuller and clearer picture in my head now.

'Mixed' is the altogether picture word I'd use.

Fortunately the market cap. is very low.... so plenty of opportunity remains for rises/spikes etc.. not least on good news.... but i'm still slightly leaning towards - small - adding to my current position here on weakness more than strength

no worries thehoys and fully agree that good balanced debate is what we want..

Indeed longshorttrade.. and I expect those half year results to be good .. and them being good not be a surprise to many but still giving an auditor independent affirmation in what is still a very young enterprise, which should help plenty.

Thru the remainder of the year, a big focus is required from management and their Investor relations team to get decently more II buying than selling going on in the open market here imho. At under 10p s/p and with good interims alongside that should be doable!

(but the macro environment remains 'strongly challenging' and that's complicating.. and Ii's can decide to sell for plenty of reasons outside management control too eg sector exposure curbing towards augmenting green credentials .. Nigerian Government Credit rating ..etc)

Correct KRTH and A Parky in what I'm trying to say.
Apologies if what i wrote is confusing/unclear the thebhoys, but i'm trying to say more or les the opposite of what you're interpreting (the way you've quote what I say in this latest post scares me a bit though.. please read the full sentences around the few words you quote)

''I don't understand the weakness in the Share Price. Seems to be a constant seller smashing it down.''

I think you may have answered your own question there Grenade :-)

For sport only, I offer a wild guess is that at least one of the II's involved here from a long time back has been selling down/out incrementally for MANY months now.. and the why - very - perhaps might be to do with the Trafigura driven recent placingS.. Trafigura bought in first at 4p ish ? not too long ago which was painful/complicating for existing II's and may have seen a loss of faith on their involvement here then, and the start of a sell down/out process then.. this helped the s/p further collapse from 4p ish.. Trafigura played dirty again then and pushed PL into the latest placing at under 2p to bring their average right down and further much harder screw other long term II holders in the process.. who, in a pyrrhic victory sense, is/are causing as much annoyance/pain as they can on their slow final way out the door....

Generally, having played in this AIM sector a lot, i believe if II's would just sometimes buy at least decent amounts of shares in the open market like they used do, it would on average be better for them as much as everyone else.. while I understand why these off market plays are so de rigeur nowadays, they're actually just, altogether, causing a most everyone lose race towards the s/p bottom, sadly. ( But real good news causing good size buying in the open market can break this dynamic.. so just deliver for a change please PPC !!!! )

''you probably only need 20% of them - the overall assets - to work and the market cap looks a bit dozy''

The potential 'ere is - very - large imho Andrew.. and expecting/allowing for ongoing 'messiness' in that.

Altogether, despite my -regularly/endless - ****ging off of the one and only Mr Colin Bird, this guy wholeheartedly believes in the sum of all things Xtract imho.. and given he might have ten? years left in this life, you wouldn't it you didn't.. so, altogether, that's good enough for me.

ps: wily is a very rare thing, and Colin Bird could easily be my 'ero in the end.. here's 'oping :-)

''Assuming there is no placing, I think this will be back-up to circa 2p by the end of the month.''

Even if there is a placing in the coming days- at no less than 1.4p - this could still be back at 2p by the end of the month, imho.

DYOR of course

this falls continues to the extent of starting to feel ridiculous now.. this surprises me now, and I genuinely do feel for long -term holders.. but the medium term future remains pretty bright here imho .. and all I can do now is buy more to try and help support this s/p .. I did in the 1.50's and I have an at best buy in 1.30p's placed just now. - as i couldn't even get a live quote ? -and I will buy more and more again into any further weakness.. hopefully this turns back up soon obviously

Sincere apologies Little Wing.. I completely mis read your post.. I thought you said 'does not' instead of does .. I agree hat Mr Colin Bird does seem to feel comfortable associating with these types.. and, altogether, that can be good sometimes and bad others

'' The truth is Bird does seem to feel comfortable associating with these types.''

At least add an 'anymore' at the end of that?! And who has told you this ??

(He has been associating with these 'types' for many years now .. and that post is,altogether, pretty non sensical to me, alas.. but everyone is entitled to their opinion, of course)

A tricky situation here now with this rumour in play. So, accepting Mr Colin Bird is very unlikely to come out with an RNS saying there will not be a placing here for the next say 4 + months, altogether, a placing at around 1.5p asap may actually be close to the least bad outcome here now?

If there was truth in the rumour, then the placing that was being fleshed out would have been happening at a background share price of around 2p, and so even at a good discount to that any placing would still have been at well north of 1.5p, I'd guess. Granted any such placing price might have to be revised down a bit now, i'd guess.. but given how yesterdays s/p fall has come about, not a lot of revision down, i'd guess.

Or, even if placing not planned around this time, a placing at close to 1.5p for eg in the coming days would not be a bad outcome now, in my mind.... as it would get rid of the uncertainty which could drag on this s/p for a good while even if no placing announced.

Altogether, a placing occurring quickly now at around 1.5p would see this fully funded for progressing copper plays more quickly and give a general buffer too.. and with lots of gold play progress on the horizon to fill the coffers relatively quickly too, would make this share exciting again quickly, and likely move it back on up more readily than might otherwise occur ?