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Likewise Sefton.
I know Trinidad doesn't set hearts racing but, with PG or LB or both over there this coming Tuesday, very interested to learn the details of their LO deal which should be by now little more than a signing off event.
Hopefully more too on the FRAM asset they have in mind in lieu of debt repayment. In both cases we should learn more very early in June.
Ukraine crisis: Can Africa replace Russian gas supplies to Europe?
https://www.bbc.co.uk/news/world-africa-61334470
Certainly agree there Sefton. There are a couple of other areas of concern that cost me sleep, maybe others also.
The first the fact that this is largely a one man band, meaning no disrespect to Lonny or Louis. We have no Chairman at present although I realise this is being addressed but maybe not the total answer. Perish the thought but we have to remain practical, should anything serious befall PG's health where would this leave PI's? A rhetorical question.
Secondly, and I've read Novum's confident prediction, is the first extension period commencing late Sept guaranteed by ONYHM re. Guercif? Have we not failed, to date, to drill a well to 2000mtrs depth as required during the first period licence? Could/would ONYHM withdraw extension time? I realise this would not sit well with all their European partners and harm confidence in doing business in Morocco whilst at the same time mindful of the fact that to date they've hardly bent backwards in assisting PRD to progress this field. So what of the chances of losing out here.
No-one please accuse me of de-ramping, I too hold 7 figure amount and apart from swapping share fund stock to ISA account haven't sold any. So, genuine concerns aired which, if folk can reply with their thoughts it would be appreciated and maybe I can sleep more sound in the future.
You made me chuckle there Matt. Plenty of civility when the sun shines on a stock but as soon as the clouds of doubt roll in the children, the beast and the moron all turn up to **** off both stock and fellow posters.
Nothing changes except exercising greater selectivity in choice of reading.
A good weekend to all, next week could/should prove longs are still on the right track.
Wondered which patience preacher would be first to the pulpit.
You misread fellow investors' feelings which should be obvious.
As Sefton accurately stated it's the frustration of continual poor investor relations, lack of comms that creates uncertainty and promotes selling. That is the continuing problem of owning this stock which PG should acknowledge and address.
Apart from building further possible strategic alliances how much further time, effort and expense can affordably be spent by PRD in the face of such Irish energy dithering? PG has made our case and no doubt made it well. We await.
Could we now please have complete openness and honesty as to where we're at with our key Moroccan activities.
Or would that be trusting shareholders asking too much?
With the restrictions regarding placings on Main Market - Standard Listing (the last 11.5m was only achieved in two tranches owing to available headroom shares) a decent sized placing, say MEM's 70-90m would surely be problematic.
By joining AIM, which was binned, money raising was regarded to be less restrictive.
Hoping Peterhouse Capital are on the job and have the answer to funding. If not the 'larger entity' sought and found.
Fact is the Novum note stated that our MOU-1 rigless test would be prioritised for H1/22 which was then changed in PRD's RNS ten days later to read that testing will be synchronised with mobilising the well services and equipment for MOU-5 drill.
As the note also states that approvals to drill could be received within the next 6 months it follows that the testing results are still some way off.
Hoping that meantime one or two of the multiple agreements announced actually come to fruition and buoys the sp.
I can't see Predator ever suffering from too much news.
Not easy to understand why there appears so much commitment, expenditure when it comes to the importation of gas, even planned from as far away as Nigeria via a colossally expensive pipeline when the Moroccan government is well aware of the potential of Guercif, a reasonably imminent supply source that they already part own.
The sp is virtually the same now as it was at this time last year and then, in the new ISA week, moved sharply up 33%, from 12-16p.
It remained around this level before halving the first week in July thanks to that fateful, poorly-constructed RNS re MOU-1.
Rise-wise, with new ISA monies my guess is we'll see a record high for PRD in fairly short order, before April is out such is the awareness now of what this stock is likely to deliver.
And good luck with timing for those transferring share account stock into their new ISA and fearing eye-watering news about to be dropped by Paul whilst they wait for funds clearance! (don't really believe PG would be that thoughtless)
No great mystery Flybyboy, the market is inundated with small time traders who haven't a clue as to Predator's potential just content in gambling that they can make a few quid whilst the price goes up the stubby ladder and down the slippery snake. All can change in the blink of an eye, one day, one day soon when the snake finally loses its head!