"The best place Matd's ever been"13 Jun 2024 12:11
Agreed Aeschylus!
I admit to have been disppointed seeing PM's SP gain so little after the LP announcement. But it looks like the market is more powerful (and maybe even smarter) than all the hopes, expectations and particularly the potential which are around. The market remembers very well that the seemingly good news (hitting oil in 2019 etc.) is worth nothing if you
1. can't get it out of the gound; and
2. can't sell the stuff at a reasonable price in order to make a nice profit.
One more thing I am personally concerned about is that PC had almost 5 years time to suck out all (or most of) the oil PM discovered in 2019 as the oil sources (Heron/PC) appear to be interconnected. I'm clearly not an oil guy but I'd guess this is a real possibility.