Member Info for Obadhia

Superbly stated Keith for all investors, new and old.

You really are a fantastic contributor, number one in my book, big thanks for all your work.

Tomorrow is Day 800 since initial MOU-1 results, another few days before an announcement is neither here or there for LTHs.

Even if the earthquake's overall impact on PRD's Moroccan business is slight to negligible I would expect PG to issue comment on Mon/Tues, re present and future activities together with sympathetic message to the Moroccan people.

....(other than hoping that all the would be vigilantes that have emerged will stfu and learn to ignore/filter the trolls) ....

Do hope I'm wrong but I do find somewhat disconcerting brokers' continuing readiness to accept sizeable offloads.

To where and to whom is the stock intended for?

I do take into account Sefton's experienced view on hostile bids but cannot discount the possibility of an operating concert party avoiding any TR1 notice, and limelight, until 30% (?) attained and declaration required.

You maybe convinced that PG would willingly fight off any such approach on behalf of his 'loyal shareholders' but with his sizeable holding, near enough £25M for an opportunistic 50p offer (plus, or not, stub equity etc) and the fact that 5 years ago it was a true penny share, he may take the view, rightly, that he has already made his true followers wealthy as promised.

As said, I hope this thought turns out incorrect because I, like many, work on £1 for round numbers minimum valuation as long as Moroccan assets can run to conclusion. GLA with the exception of trader trash that purport to be true investors.

Maybe some cheapskate opportunist who said 'Put me down for 1%' ??

Bit soon to talk of the creaming curve, there's folk on here having trouble with the learning curve.

Thanks Keith, essential viewing and so pertinent to PRD/Morocco.

You're certainly not wrong Zebra. Of course tin pot companies can't afford FDs but PRD are rapidly changing from that description and hopefully the autocracy that is commonplace with a majority owning founder dealing in an area best left to a professional. Maybe with the success we're all expecting a fit for purpose board can be afforded.

It's always bugged me that virtually all the NEDs associated with PRD have a history of senior corporate finance and have played key roles in this and that deal and yet there's only one road they ever take and that leads to Novum and an end result that leaves a poor taste in the mouth, and pocket.

I hope PG takes the general reaction to this last fund raise to heart, there's no point in saluting 'loyal shareholders' if actions then damage sentiment. But, no point dwelling, this sorry episode will be over and largely forgotten if not forgiven by the end of September.

I wonder who FD have brought to the table, one or two high value 'stickers' hopefully that warrant TR1 status?

Relying on a better class of long-view investor than the Novum churn crowd.

Top post Olderandwiser, mirrored my thoughts exactly.

Thanks Keith, will include as advised, can only help the cause ... hopefully.

Keith, with your permission I'd like to copy Brian Carey at the Sunday Times with your above post.

You may recall his excellent article published in May questioning as to whether there exists any material challenge to Minister Ryan’s lamentable and flawed policies.

There's a fair possibility that tomorrow delivers two news releases. The new prospectus, which has leaked, automatically regarded as negative as a stand alone due to the raising of capital at a lower price.

But should this release be accompanied simultaneously, as has been intimated by PG, with an all embracing CPR advice, even including Cory Moruga, then we should be ending the week by flying to a new high.

A very exciting Friday beckons, but if no full story tomorrow the delay will be immaterial. We know how it's unfolding.

Comfortably into double figures next week, torschlusspanik will very soon be rife!!

Find it odd that after the most exhilarating RNS from PRD in a couple of years there has been no announcement from Tim at Flagstaff, no message of joy either sent directly to this board or to those who receive personal notifications by email.

I really didn't expect, but hoped, that yesterday's news that made PRD the second highest climbing share would have warranted a small mention in one or two business sections but of course without a nudge from your press team you remain in the shadows. With all to play for can only hope for substantial change.

Which in turn exactly bears out MEM's in ground valuation of 0.04p per BCF.

If PG is genuine with his desire to complete a Moroccan deal by late summer this year those target prices to year 3 are meaningless. I genuinely cannot see PG/LB operating the planned CNG operation, being involved with trucks, trailers and the requisite workforce. Prove it up, sell on, retain agreed percentage.

Would have thought there are haulage companies in Morocco prepared to and capable of adapting trucks to handle CNG distribution in return for a lucrative contract that would only build in size.

Actually that's quite easy. Loss of confidence in our leader following a sh it show of an interview that left the listeners with more questions than answers. That coupled with disappointment, amazement and confused thoughts that Morocco would be offered for sale at a fraction of the perceived value. Hence 9.1p bid to today's 6.1p

A lot of repair work to do tonight.

Two questions please

a. Have we received the Sandjet, is it in our possession (referred to as one or two weeks away, Sunday Roast one month ago)

b. Same interview, we're looking at completing a deal in Morocco by summer (23). Still the case and if so covering what??

Thanks.