Member Info for Ojay

I call that nervous - to say the least.

Bjone: You certainly have a point there. That would clearly indicate that Petro China is interested in PM's success. That is hardly anything to be worried about. However, what they get for their "support" in commercial terms is something Mike Buck will ultimately have to decide on - and thank God this guy is not blind!

blissful: Looks like you're getting plenty nervous - why's that? I thought you were a LTH?

Of course Mike Buck doesn't know "when exactly spud will take place" that's what I just said minutes ago. But he will announce the spud date once he's zeroed in on that date.

People, people: Take it easy and don't lose your nerves. That's exactly what the MMs want you to do - because that's what they live by! But do as you please as long as it makes you feel better!

As Dozzawba and I mentioned yesterday, we believe that once the spud date is confirmed the race is on. Before that confirmation is given potential investors appear to be reluctant to jump in as many of them may have been disappointed by PM regarding delays.
I believe Mike Buck is holding back on a precise spud date until he is certain that such date is cast in iron.

Dozzawba: That's exactly what I'm thinking. In the absence of a - more or less - precise spud date (give or take a week) investors remain doubtful about delays. Being a long term holder myself I couldn't give a flying ….. whether the spud date is one or two weeks off or not.
Of course M. Buck could provide a date but he chooses to wait until he's absolutely sure about it. Now he or rather PM are being punished for that. It's a mind set that I simply don't understand - but what the hell: This is AIM for ya.

The glass is half empty

Thx Trek!

But:

COS: "Not yet communicated"??? I guess that refers to all 4 wells.

Everything honky dory in that case - I am clearly on the same page.

I expect an RNS to arrive any day next week. Until then I assume that the SP will - unfortunately - drift further.

Just my modest opinion.

Yes blissful - there are many more sellers around in comparison to 2017 and - btw - insufficient confidence in PM's ability to strike this time. However, considering AIM is a gambling arena I find it difficult to understand why peeps don't understand that there's hardly another bet with a comparable winning potential.

Anyway: GLA and have a great WE.

Since June 5 (with one exception) daily trading volumes have been very modest (the highest being 2.8mio and yesterday less than 500K).

There appears to be a lack of confidence concerning the spud date in (early) July. Investors on the sideline fear that they may be caught off guard in the event of a delay; consequently those PIs are waiting for a confirmation of the spud date. Until then I assume we will be looking at (very) low volumes and a slightly drifting sp. But when the rns confirming a spud date in July reaches us, all hell will be loose. Can't wait!

bonum: All fine on my end!

This is a job for Captain Stanley who is an expert on conspiracy issues. Let's see / read what he has to say about this.

How's about just responding to my post?

May be better just to forget it. ATB

Starbuck: Was that post for real?

I wonder whether you understand anything about business. When dealing with Chinese businesses you need to have both eyes open - no question.
How many eyes do you think you need to have open when you deal with Russian, US, UK or other companies?

BTW: What do human rights have to do with Chinese business conduct and practices? Don't get things confused.

Thx Goldenoiler - good job!

I guess GMDK is asking for a link.

Yeah sure Victor - that's why the SP is still at 1.95p - that's the price tag you put on this share isn't it?

Thank god that the market isn't as stupid as some posters on this board. But keep it up Victor - just remain on the sidelines and keep de-ramping this share while the savvy investors drive it higher until spud. Poor old sod.

What we need is trading volume. We know the market is watching this share and is ready to jump in - just look at the trading volumes on May 31 and June 3. That's what we are looking for. Considering the disappointments PM has created during the last few years, many investors may be waiting for the ultimate confirmation of the spud date. That's all I can come up with - but it would make sense.

MisterPositive: You're probably right - unfortunately. However, there's no harm in giving them some heat from time to time. LSE should be interested in the market's/investors' sentiments. After all, they've got a business and we are their clients.
SSCTM as TonyBaby used to say.

If you can live with being at the mercy of others w/o knowing what rules they adhere to - if any at all - then that's fine with me. I take the freedom of speaking my mind. I was hoping that others would be on the same page - I clearly accept being wrong - no problem. I'm stuck here so what choice do I have?