Learning Latin (or anything else for that matter) by heart is worth zilch if you don't (or don't want to) understand the meaning - which BTW - is more than valid today, more than 2000 years later. I honestly don't think that evening classes will help your case. GL
C/S: Never heard anything positive from you concernng PM except when you were ramping it to smithereens at the time you considered it to be beneficial for your own purposes (e.g. in October last year after PM struck oil). You shouldn't be surprised that you've lost all credibility on this BB.
I suggest that Manro helps putting the "highly qualified Russian oilers" (he repeatedly refers to) in charge. Maybe they can do better than MB. Case in point is: No PM-investor gives a d*mn who finds and pulls the oil out of the Mongolian ground - as long as its done.
Sorry RR: But what do you or Manro know about the "truth"? You're just venting your frustration (which we LTHs all have to deal with BTW). Consequently, you shouldn't act as if you would know anything about the "truth"! If you would I'm sure you can also tell us why you (and Manro) are still hanging around.
I don't agree that MB has led PM into a worse position than the former CEO. I personally believe it couldn't get (much) worse than that. As nobody sees behind the scenes it would appear to be unfair to discredit MB based on personal expectations - which are clearly and justifiably high. Obviously everybody would like to know more about what is going on with PM's operations, license grant procedures etc. If I had lost hope in this company I would have bailed out a long time ago. But I haven't. Why? I never invested in PM because of MB's capabilities - I was (heavily) invested in PM a long time before he came along. But quite frankly, I'm glad he took over. Just because the SP is not 50p+ at the moment does not mean he is not doing his job. I invested in PM's potential which - MB or not - is still there (and won't go away for that matter). Could be that PM's potential will never unfold, could be. But my bet is that it will unfold and make us investors all very happy. As many of you have already said: It's a holding operation. The patient investors will reach their goal. ATB
GKahn: That's very hard to say. Maybe just new investors dipping their toes into uncertainty. Maybe beginners/youngsters trying their luck. In addition, we don't really know what a buyer considers to be a "small amount". From my modest POV I would agree that those type of amounts don't make a lot of sense. However, as long as the buyers keep coming in I don't mind. The pattern we've been seeing for several days now is: High sales volume vs. low buy volume on one day and then high buy volume vs. low sales volume on the next. I assume this will continue as long as there's no news which would provide at least a bit of guidance.
Clearly a few posters on this BB see multiple obstacles in PM's way before they can evolve (e.g. exploitation license, current oil prices, exploration licenses, funding).
So what are the 655K and other buyers of today betting on?
1. The exploitation license will be granted (sooner or later) 2. The oil prices will rise again (sooner or later) 3. A farm in / JV will be on the cards as soon as the exploration license is granted 3. PM will deal with the expiration of their exploration licenses in accordance with their business plan 4. Funding: Whatever that may look like: PM is in a much better position today to find a solution than before they struck oil. ATB
I guess a SP slide was due after...30 Apr 2020 16:42
yesterday's unexpected rise. Nothing to worry about. Let's not forget that the SP is currently priced at an enormous discount considering the oil find and its overall potential. Clearly, the exploitation license has not been granted (yet). And clearly the oil prices have (temporarily) crashed. Both issues are obviously scheduled to change within the next few months and will have a substantial and positive effect on the SP. Today's buyers acknowledge that. Today's sellers are looking for other short term opportunities - good luck with that!