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It's T5 oil and gas.
Pat Plunkett who brought Tullow from £250M cap to £12bn cap.
The best time to build an oil company
We hit resistance today at 1.15 which was at the same level of the last spike on September 3rd. Interestingly the volume that day was inexcess of 30M. Based on todays volume we can see this is only going one way. Lets see if the Lombard effect can push us through it.
LOL. Looks ace now
Sell
Max buy at 1.09 Then it 1.134
Bounce
Yep Cheap stock gone. Limits slashed. There will be a bounce here.
You can sell 1M at .95 also
You can buy 1M at .95 buy 2M is 1.47
Can see a blue finish
$15M of ore to process. The plant is 75% complete. We are divesting all non core assets to concentrate on cash generation. 3M cash in the bank. Copper valued at 3% factoring in the Cobalt. Cash generation in this industry = rerate. Look at any mineral company chart and you will see a direct link.
Abusive language language lol. Didn't realise you had your pink dress on
Clearly Nigel Burton has something he wants to RTO. Hes left the board of MRS and starting buying up stock in PLMO. He previously TR1 for over 3% so obviously has a liking for this now rule 15 shell. NAV 1.1M The oil price is very strong. Burton has a talent for attention to detail. Seems to go through paper work like a forensic account. Im bullish on PLMO as an RTO and believe Burton can do it. Basing my comment on past history. Harrish doesnt seem to want to go with the value of the company or shareholders in mind. Hence why AIM have brought in rule 15. To get rid of the likes ......
All resolutions voted no. So no larger placing to come. Looks like Nigel Burton coming on board based 9n volume buying.
Its been a good sign for many companies. Difference here is that he is taking a lot of stock as he moves through the process. Is PLMO why he resigned from MRS ? He saved that company and gave shareholder a chance to see their investment survive. Whatever is happening here it must be significent.
Resolutions will fail
Hamish days are numbered. Id like to see Burton get the gig. He has a good following and gets the name turn around king. Deffo squeeze coming. There's also a manipulation of some sort in the making here. NAV 1.1M. Very good value at this entry point.
Market cap whats relevant. Hamish has to step down here and a new board appointed. Shareholders deserve a good investment on their money. Too much silly investing in other peoples projects. Might as well roll a dice at that rate. Cash generation and a build a business/company approach which will lead to shareholder value. Theses CEO's who keep churning mates rate placings need to be put out to pasture
The placing won't go ahead. Someone is buying here . Hamish has rightly fooked up.