Member Info for Ojay

Nigoil: Great to hear something positive for a change! Good to have you on board.

As much as we'd like to believe that type of news - don't give us that rumor stuff without specifying your source.

i.e. during the last 10 years, the lowest sp closing was @1.73p; this was the lowest of just 5 closings sub 2p since 2008 and particularly at a time (July 2016) when PM had no drill plans whatsoever.

opulentia: We're all very happy for you - but don't rub it in ;-)
Not all LTHs are just as fortunate.

today's nose dive was a possible outcome following the negative news; personally, I didn't expect the sp to lose nearly 50%. I hope that turns out to be an over-reaction which will slowly correct in the days and weeks to come.

So although some of us (myself included) took a big kick in the ass today it's time to look forward to next year. This is not an attempt to gloss over today's worst sp dive in a long time - but there's just no point in pondering.

Those who chose to remain LTHs will have to practice a couple of months of patience until PM continues with its drilling Programme - which appears to be far more promising and clearly worth the wait until then. I personally don't believe selling at this price level makes any sense as the SP - after a day like this - may very well recuperate from the lows.

Buying = no loss
Holding = no loss
Selling = loss*

*practically guaranteed at this price level

Exactly - nothing more to do at this time.

Well I'm not sure about the nonholders but you don't need to be a rocket scientist to understand that missing out on a 600% rise is certainly a good reason for kicking yourself.

What are you guys constantly bickering about? Nobody on this board needs your help and/or advice. So give it a final rest.

Yes, cheap as chips indeed - but for quite some time now. Would like to see the market display a more positive attitude towards PM - as I believe it would be more than justified.

The way it looks today I couldn't agree more Victor; needless to say I would rather see a different situation.

Oh dear - it seems B/H - as a short term investor with a limited mind set - hasn't yet realized that investors are betting on a package of drills. B/H may be "relying" on something - who knows what. But I really couldn't care less.

The only desperate poster I can make out is B/H - desperately attempting to talk down, ridicule etc. - anything that appears to keep him satisfied.

Thx for the warning F/R. As many investors are already in loss territory at these price levels what makes you think that a SP falling below 5p will trigger a serious amount of stops? Those would have been triggered at higher levels.

PIs who are in loss territory at this time may chose to remain seated as only then they will have the opportunity to turn the loss into a huge profit - particularly if they are willing to hold until the first half of next year.

DIMV: Good to have you on this board!

this 1 share buy @5.28p is good for? Seen this several times now.

Proselenes: Thx. Get your point. That's a possibility - but if it were so obviously not well thought thru.

Who's "they"?

Looks like the sellers are following your recommendation.

Another one of those "who's right or wrong" discussions - getting sick and tired of that bickering. How's about focusing on relevant issues which are of interest to the readers on this bb?

somm: WH-1 is obviously worth investing in on a risk/reward basis. However, the LTHs are in this for far more than "just this drill". We all know that there's far more to PM than WH-1 (480mb) - which of course is an incredible beast considering PM's 100% ownership.
Just look at what's coming next year: In case WH-1 should actually turn out to be a non-commercial find: Those who chose to bet against PM's upcoming 4 drills next year aren't real investors - they're innocent bystanders at best. A hit on just one of those 4 drills (2 of which are appraisal drills) will finally and justifiably introduce PM to the O&G big hitter community. Clearly, next years drills are several months away. Anybody who can do better in the meantime: Be my guest.
Practicing patience is key and will reward those who understand and assess the potential correctly. That however, doesn't seem to be a trait of the typical AIM investor. Time will tell.