Member Info for OilyFred

Flipping shares, pun intended…..

I don’t know why people worry about what other Anonymous people say about them, it is what it is…..

Hopefully the next 21 days will lead us to a fruitful outcome, as previously stated I would be most welcome to see the SP reach FD’s predictions

One question I do ask who was Spencer Freeman?

Everyone has their own trading strategy, I personally messed up on this on.

Once the Flippers are gone it should move up

Will people derisk? Well thanks to the placing in May we have no ability to profit on a pre spud run,

If the price got to 10p before the drill announcements I plan to take money from the table.

If there is a discovery I will take money from the table

If there is a significant flow rate I will take all my money from the table and move on.

Also if someone does a unrelated cryptic post when I expect an Drilling update I may decide to sell or buy.

Who knows it’s not linear and it’s certainly not binary .

GRH, I believe that you have the utmost confidence in PRD delivering a phenomenal ROI for us investors, just to give us some reason to be cheerful please could you absorb the flippers shares so we can start moving back up?

GKP originally had BB as you would have known along with SA and one other that slips my memory as well as SH,

We both have a similar goal and that is PRD to announce a commercial find. Anything more than that is a bonus

GRH, It really is useless information I really don’t know why you think it’s relevant. Theoretically Tesla’

shouldn’t have a Market Cap of 600B but it has.

BB was twice the Size of SH but GKP didn’t earn a brass farthing from it.

One thing I will say that £2.67 for PRD is a realistic as £27 was for GKP, I would love to be wrong as it would be nice to be wrong a get a couple of million quid for my ignorance …….

To be fair I reached out to Mark Leftley as he was on Twitter

There are many questions about GKP

Who was Spencer Freeman?

Who did he know ?

Who did he influence ?

Also as you know the biggest private investor in GKP was JA after he resigned from the board with 15.4M shares of my memory serves .

As to my view on PRD’s theoretical resource value I have no idea, I’m only interested in what the company declare as commercially extractable and the markets reaction to that.

Hi GRH,

Sadly with nearly all Exploration Companies monetisation of assets very rarely achieve theoretical analysis. Therefore you are completely reliant upon an RNS from the exploration company and the markets reaction to it.

Let’s use GKP as an example as we are both familiar with it

The Asset was established and the flow rates were confirmed late on in Aug 2009 and the SP when from 6p to 90p and then settled around 60p, further drills took place at Shaiken and the SP hovered around 70-90p with no really traction to move forward.

Move forward to January 2012 and for no tangible reason the share price exploded All the way upto £4.50 approx… I sold at £3.60 on the way back down.

Subsequently because of bad debt issues the shares collapsed to 1p

During all of this time the OIP, Flow Rates, Recovery Rates, Oil Price didn’t change to any great degree.

So my strategy has always been to look at the market and try to react to it.

People bought GKP at over £4 believing the theoretical resource value of £27

For me Theory is Vanity and The Share Price is Sanity

It’s a bit like a dog chasing a bus, it won’t last forever

I will stick with the Brokers initial SP targets of 15p in 3 months and then 25p in the next 12. I would be more than happy with that

A cash call before drilling results would be very decisive. Wouldn’t be surprised if it happened 2 weeks after the drill results around July 6th

I hope it was before March 1st 2012 , the price collapsed after that lol

I would be staggered if they did a placing pre results, plus who would run the placing with the risk of imminent results prior to them being able to flip the shares. It would be inconceivable imo

I guess we will know in the next 3 weeks whether PRD’s Morocco’s exploration will succeed or not.

Don’t forget 21p in summer of 2021 pretty much is 12p today with the increase in shares.

25p WOW, I seem to remember that figure

I think a good film to watch is The Big Short

Sometimes you’re too early

Sometimes you’re too late

Sometimes you nail it

It’s been a while since someone once said this would never drop below 10p again, you never know what’s round the corner