Obelix - I don't check the OTC regularly either but it appears that this exchange has been (unfortunately) fairly negligable lately just copying the SP development on AIM; particularly the volume (30-day average around 50K!) is nothing to write home about. That used to be different. So forget my comment of early this afternoon.
RE: Velociraptor target in Block V later in year21 Aug 2019 17:11
Bigbench: When it comes to that it probably won't be MB to decide on whether or not a Petro China offer will be accepted or not. Let's just hope that whatever happens the PIs interests will be fully considered!
Yes Hamm: Although it may seem like ramping your statement is not unrealistic. All I can say is: Let the positive power of all PM investors make this come true! A 10-bagger from here is a realistic scenario!
2 1/2 years ago investors were paying a SP of 30p+ for a scheduled (wild cat) drill which never happened. Here we are today a few weeks before 2 drills with a max COS are completed and the SP is still stuck in single digits. This is a joke - and the market hasn't even realized yet!
Bigbench is spot on when he says...20 Aug 2019 16:16
"its beyond me why the SP is still below 8p". I was around in Jan/Febr 2017 when the market went wild on a pre-announced drill which was scheduled for July 2017. Clearly, there were only about half the shares (or even less?) in issue at the time.
Have PM disappointed so much in the meantime that the market is unable to understand what is on offer this time??? This time the drills are underway - two of them simultaneously, the results are within reach (2-3 weeks) and the COS are "fairly high" to say the least.
Based on the hopes and expectations of yesteryear (2017) PM will no longer be a speculative investment (which it was at 37p). If the market (still) has its head screwed on right and once PM strikes oil you don't need to think in Pence - only in £.
They (individually) appear to have been limited @£150 each and the sell price of 7.1p turned out to be the result. I can't see anything strange about that. I would agree however, that it's twice the same seller.
Obelix: I can only talk about PM which I've been invested in for almost 10 years - still waiting for the ultimate breakthrough. Along the way my experiences have been far from always positive. So please don't take offense when I tell you that believing in the (obvious) potential of a company and its brilliant COS alone is simply not enough - unfortunately. I for one am still in and holding PM because I'm a (optimistic) believer.
Obelix: Take it easy my friend. There's nothing I desire more than a double oil hit with Red Deer and Heron-1. But don't let your optimism get the better of you. Gambling on AIM includes taking fairly nasty blows - you know, like the ones that make you feel like you've just fainted. I love your optimism and want that every bit of it comes true. However, you've got to feel OK if it doesn't. So save some of it for the point where PM announces they've hit. And be prepared to take the blow if they don't.
to (and do) believe in is the positive outcome of this year's drill campaign on behalf of PM. This campaign is so attractive that you just can't keep your hands off it. And still we all know that this campaign can turn out otherwise. That's what gambling is all about - right? Place your bets! If it weren't a gamble - why the hell would PM's SP be stuck at 7.3p??? ATB