Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Oh dear oh dear- all you old lags still put of pocket here I'm afraid. I'm not trolling as I feel your pain being £30k down myself and recognising some old names such as Scamp the Dogger who Ì used to have spot of battle with- I view most of you all as old war weary comrades.
Paul Hayward shut in the infamous well that had to be choked back it was gushing so profusely, as it was likely to collapse at 1,300 bopd. Shame he hid the fact that it was shut in due to water ingress for several months before coming clean, WR- 16z seems to ring a bell.
A leopard never changes his spots- I'm.here to offer you salvation and riches by means of a cheeky cross ramp for PRD...We have a marvellous CEO in Paul Griffiths, an oilman with decades experience, not a cheesy wideboy who dabbled in gold mines in West Africa before deciding to reinvent himself as hydrocarbon guru..
Come on board taking what you have left in BLOE or at at least half- I'm a good few hundred grand up since jumping ship a year or so ago and looking forward to being a millionaire.. Don't believe me- compare our companies prices at 16.30 each Friday between now and Christmas.....
Good stuff Tesla; noticed East Coast windfarms are being talked about. The Irish Sea is sheltered and calm compared to the stormy Atlantic Ocean.
I've mentioned before, only floating, off shore windfarms are suitable for the west coast. They cost a minium of a $ billion compared to $20 million for a small fixed floor, offshore wind farm.
The chances of Irish politicians and bureaucrats sorting the funding and planning permissions to get such a project operation by 2030 are nil..Hence Equinor's frustration and exit from the planned conversion of Moneypoint coal burning power station to a huge green energy eco hub, - floating wind farm, green power station and wind turbine factory..
Looks like the only realistic choices to keep the lights on are burning more gas , coal, oil or peat and gas is by far the cleanest...
https://oilprice.com/Latest-Energy-News/World-News/US-Doesnt-See-EastMed-Pipeline-As-Viable-Alternative-To-Russian-Gas.html
Nordstream gas from Russia about to be banned, Medgaz pipeline for Algerian gas has insufficient bandwidth and now big doubts cast over the East Med pipe line...The Maghreb pipeline, now controlled solely by Morocco looks like the best bet for future security of supply for Europe..
In the meantime , whilst we and CHAR develop our fields, looks like LNG the only sensible option..shame some countries either don't have terminals or insufficient capacity; Finland, Estonia and Ireland have none, Germany needs more-
Looks like LNG imported via FSRUs are the only real sure fire option if they want the infrastructure up and running quickly in order to avoid freezing next winter...
Indeed Fulmar, that is US style sink or swim capitalism for you. Market forces trumping national interest, any day of the week. They are risking national security if the Chinese cut off the supplies needed to produce fighter jets and weapons guidance systems..
Both parties in the US to blame as well, despite current Republican finger pointing. MP was allowed to fold twice before the Chinese stepped in, once under Bush the Younger and once under Obhama.
Hoping so Lancy, in reality 18.5p was our 'true' high. The leap to 22p one morning, which I paid in the excitement, only held a matter of minutes before the price ended down.on the day. For any newbies, a boring but mandatry RNS was prepared that morning for release in the afternoon, but seems a rumour got around that it was going to be a cracker.
Ps. Hoping another shout out from Zak Mir today could be on the cards. Never does any harm, we featured four days on the spin recently when we previously rose to 12p, hitting 13p for a view trades..
Ireland's largest power station, Moneypoint is coal burning - 59% of Ireland's coal imports last year came from Russia...
The proposed EU ban.on importing Russian coal is being supported by Ireland but surely this cannot be without consequence... if nothing else Colombian or Polish coal will become a much sort after commodity affecting supply and price as EU countries seek alternative sources- Another thoroughly deserved headache for Eamon Ryan...
it's a miracle that Ireland isn't reduced to alternative evening blackouts and burning candles- which most of us of primary school age during the 70s miner's strike will fondly remember as cosy and exciting- for our parents and grandparents a seriously annoying inconvenience..
https://www.rte.ie/news/business/2022/0405/1290584-esb-wont-take-in-russian-coal-for-foreseeable-future/
https://oilprice.com/Energy/Coal/EU-Considers-Full-Ban-On-Russian-Coal-Imports.html
Still 'Bottom Fishing' I see my my cheesy chum-
pnar, pnar, guffaw,guffaw as Finbar Saunders would say...
We've missed you on the Predator board- I still pop onto the BPC/CEG/ CERP/FRAM board as Eytan owes us some lolly and I like to keep a beady eye, awaiting next name change fundraise - notice you aren't posting there anymore, some folk are 97% down- I hope you aren't one of the unfortunates Chesh... :()) !!!
Ps My dad has just moved from Stoke to Alsager- what a beautiful county you hail from...sure I'd be as cheery as yourself were it not childhood spent in Potteries grime...
Cheers BDT, all is well. My daughters are doing their best to avoid grafting- both doing post grads in Scouseland at 24 and 28, one with savings, one a scholarship. Seriously hoping they will be able to work part time at something they love when PRD comes in. I own no pocessions other than a house, two push bikes, earphones and mobile phone and have no desire to..my gambling on PRD and RBW is for them...
I recall you also lost a whack last year transferring over into your's and missus ISAs...be nice for a couple of days calm but if we lose a few grand whilst out and the price jumps, I'll be glass half full this time. Let's concentrate on the nice jump in price of shares already tucked safely away from the grasping paws of taxman.
At the risk.of sounding boring...I've said this before and I'll say it again for any potential newbies wondering whether today is the day to hop on board - or older hands wondering if they should tilt their portfollio rather more heavily into PRD than they are comfortable with...
Zak Mir has a very uncanny knack.of being calling correctly...It could be that he's great at his job and the dark art of charting, it msy be mumbo jumbo it may not.
It could be that his prophecies become self fulfilling as his many followers pole in, whether they are chartist believers or merely expect s rise on his word. ...Either way I'm expecting 22p by Witsun....
Thanks Sefton, much appreciated- Still got 15% of my funds in RBW, was 35% when PRD dropped back to 5p, so very pleased to see my percentage RBW exposure reducing daily whilst its price holds firm.
Honestly believe both companies fortunes will become entwined, either via RBW chairman Adonis Pourolis bring acting CEO of our neighbour CHAR or simply if PRD move into wind as rare earths needed for turbine alternator magnets. RBW hope to have one of a handful processing plants outside China up and running in by end next year.
Couldn't resist a cheeky cross ramp. Sure any of you who made on MEMs POLY tip will be forgiving of the occasional ..
Good luck everyone - Going to be so exciting few days realising capital gains, filling ISAs , hoping for a spot of calm, double edged swords of price rises whilst cashed out and waiting for monies to clear etc..
Wise words Obadhia. I got stung and lost a good few grand transferring PRD over the last new financial year. Hargreaves Lansdown had stopped providing their Bed & ISA service because of covid and PRD rose whilst they sat on the family's £20k x 4 Fund & Share sales for 2.5 days before clearing.
Think I may move over in bite size chunks this time, fingers crossed Paul doesn't drop life changing news over the next ten days.
Still, a nice problem to have hoping our price doesn't explode until we've filled our ISAs...
Good Evening Micktrick- I see you still engaging on the CEG board. I'm sure I've missed nothing re PRD CCS EOR /Innis-Trinity/FRAM falling out so seems their investors are as much in the dark as us. Several would be gloating if they thought we'd been done over or squealing like stuck pigs if vice versa. Some are still angry because Paul bowled such a low ball offer to BPC for the ex- CERP some eighteen months back.
I'm assuming this matter is a. Subjudicary b. The legal details only known to a very few key individuals Paul, Lonny , Eytan and lawyers?? Sure if a wider audience, something would have slipped out- IT is actually their only producing asset and for investors up to 98% down, their only real chance of clawing back a single penny..they need to keep that licence and start pumping more oil...
Would you concur or have you picked up on something I've missed?
Cheers Sefton, I'll check out when I'm rich, hopefully very rich by Christmas- I have no spare cash at the moment as recklessly putting almost all 80% of my cash in PRD and the remainder in RBW...but then again, Andrew Carneigie advised put all your eggs in one basket and watch the basket. He was the richest man in the world at the time- in financial terms ( to clarify for any new age philosophising pedants like myself who may be reading)
Interestingly, a recent RBW RNS alerted me to the fact that Flagstaff have been replaced by Tavistock Communications. I recall you were no more impressed by their performance at RBW than at PRD..Can't find out why but I suspect they need an outfit that's a little more proactive..PRD has a lot going on that can sell itself,l. RBW may not be producing for 18 months so if drum not being continually banged re future prospects, the price will drift.
I'd like to think so Porters but Gas Networks seem
more green minded than I would expect from a gas network company- or maybe just playing the game at appearing do, which goes a long way in the ESG world and no doubtvpsrticulsrlybdo in Ireland.
See below- they are keen in supporting calls introduce green hydrogen into the gas network and increase biomethane. Paul has recently set up a green hydrogen company and everything I've read about biomethane involves CCS which is something we have a proven track record in delivering...opportunities around.
https://www.gasnetworks.ie/corporate/news/active-news-articles/ibec-energy-security/
I'd like to think so Porters but Gas Networks seem
more green minded than I would expect from a gas network company- or maybe just playing the game at appearing do, which goes a long way in the ESG world and no doubtvpsrticulsrlybdo in Ireland.
See below- they are keen in supporting calls introduce green hydrogen into the gas network and increase biomethane. Paul has recently set up a green hydrogen company and everything I've read about biomethane involves CCS which is something we have a proven track record in delivering...opportunities around.
https://www.gasnetworks.ie/corporate/news/active-news-articles/ibec-energy-security/
Afternoon Shareholderchar
I'm only in two shares, PRD and Rainbow Rare Earth- RBW For reasons I can't explain I feel that the fortunes of both companies are to be entwined with CHAR's.
Adonis has been the largest shareholder in RBW for quire sometime. I took my eye off RBW but just noticed he is now Chairman, so guessing you'll be right about him not being around as CHAR acting CEO for much longer.
What I belive will link the three companies is if PRD move into wind as RBW will be able to provide the rare earths required the permanent magnets in wind turbines. I think with Adonis's ready access to REEs it's no coincidence that CHAR are getting big into wind in Mauritania.
Could be a formidable triumvirate what with gas, renewables and rare earths all being very much in vogue - and any company offering lots of non Russian gas to Europe, non Chinese processed rees to the US or renewables to Green minded politicians on to a winner.
Just noticed in the latest RNS that Flagstaff replaced by Tavistock Comms- must have missed that. Anyone any idea why?
I'm in PRD and we have Flagstaff but many investors complain about them not earning their coin. Not sure whether rhey're bad at their job or the CEO wants radio silence to help clinch deals for the time being.
Hopefully, good news like this will focus some fresh eyes on just what a great place Morocco is to invest and CHAR, SOU, SDX and PRD will all benefit and rise together.
I noticed on many days, a while back when we were racing up from 6p to to 12p that the other three all dropped. Presuming only so much interest in Morocco and our gain was partly funded at their expense..
I really do think we are on the verge of making it big time and a few of us in since 4p are going to be millionaires come 2023.
Most of us pretty much all written off Ireland, despite Paul's comforting words last September telling us not to. but risen like Lazarus, it could even come into as big a play than Morocco. 'Not given up.on.my old stamping ground Ireland where working since the 70s,' 'Trust the board we will deliver', 'the July RNS eas worded that way for a reason...'
I'm brimming with confidence, how right was he regarding Ireland? I believe Paul will steal the show at the energy conference- his absolute professionalism, pragmatism and confidence in our company shines through every interview and this will be no exception..
Look at Paul's peers and there's a menagerie of absolute muppets and cheesy wideboys who many of us we will have known in o & g small cap circles; Larry Bottomley- Char, Paul Haywood Bloe, Parsons SOU, Potter BPC and that is without even trying.. ...and not forgetting the ex tequilla salesman CEO of Lonestar who convinced the King of Morocco to falsely proclaim to the nation that Lonestar had solved their energy needs..
I think Trump's peacemaking with Israel and Morocco was an act of pure genius, and as with most US diplomacy, no doubt rooted in self interest, if not immediately visible to the naked eye.
We know Morocco and the Western Sahara have the world's largest proven reserves of phosphate, which mixed with potassium makes fertiliser. Israel is the world's fifth biggest producer of potassium.
This is significant enough, but at this point in history when the second and third largest producers are Russia and Belarus, it looks even more intriguing...