Member Info for Ojay

I agree Boliivan: Modest and disappointing 12p would be - if and only if all works out according to plan. Clearly it's all speculation at this point. Unfortunately not much has been working according to PM's plan lately. The underlying potential is still there - and ultimately that's what we LTHs are betting on. I'm still in and hoping for the best (or even half of that).
ATB

Agree petertee: In the absence of news there's simply no justification for sp rises or downfalls. Pure speculation at this point.

sp-rise for today!
However, nothing to worry about from my POV - I'm sticking to my plan.
Just too many sell-willing shareholders around. We'll see plenty more of those when (and if) the sp continues to rise.
ATB

Oh really! It was only to say "nothing to get co*cky about". For goodness sake!

but nothing to get ****y about - yet.

Fully agree Positivevibes: And quite frankly, it's about time!
Can't recall seeing double digit blues since end of October 2019. Looks good to me!

Sorry! I was referring to the no. of shares on the buy side of the grid which offered a higher buying price than the listed brokers. All of a sudden they were gone and no buy or sell was registered.

Unfortunately those buys 200K+ (which - in the meantime - have been squared away) do not show up in the LSE summary.

console the buying interest outweighs the selling interest by far.

petertee: Point well taken. Nevertheless in your post you refer to our sytem's "RECOMMENDATION". I take that as an observation and not a recommendation - although it could be misunderstood.
Just an observation.

Shorting at these levels - irrespective from which source such recommendation may come from - is for daredevils only.

there are sellers around who are mad enough to sell @1.7p tomorrow. I guess I would take an additional stab at that point.

C/S's Equation:
Ramping + De-ramping = Balance.
Good for all readers on this BB to know.

Groover: Capt. Stanley's opinions differ depending on his current hidden agenda. I wish that weren't so, but unfortunately it is.
Shortly before he sold his PM holdings (based upon news regarding the oil discovery) this is what he posted on this BB in response to you:

October 24, 2019 (“More to come”)
"And no water. Just light sweet oil flowing under its own pressure into the tankers waiting to take it away to sell.
As a business model they don't get much simpler and better than that.
Cheap to produce, financially favourable tax regime and a steady oil price with excellent profits per barrel.
A little time, more wells, more money and slowly work up Block XX. IV and V will keep this company exploring for the next 10 years and if there's oil there too we'll be looking at a BP or Shell type market cap. No seriously, if there's oil in IV and V all bets are off and we'll be seriously well off.
The worm has turned."

October 25, 2019 («Gutted»)
"The story here is now very good Groover. Just developing the Heron field with more wells and a CPR/reserves estimate will make you very good money through 2020. The rest, which is potentially vast, all comes for free. Just Gazelle and the rest of block XX will blow today's share price out of the water. It just looks to be ticking up day on day which is unusual for AIM stocks but usually they rally on hype into the RNS and then the 'news' is sold. Here we were at rock bottom when the company changing RNS came. From the bottom there really is only one way to go, and that's up."

Oh man C/S: I may be naive, a fool and some other stuff. But at least I'm honest.

Groover: Excellent post - many thx. True - there are a lot of aspects particularly related to the current events which will have an impact on the O&G business going forward and the points you raise certainly make a lot of sense.
I assume the economic damage caused by the incredible spread of "the Virus" will need some time to be repaired. I just hope that the demand for oil will increase quickly once the situation is (more or less) under control.
BTW: I like the term "Orange Anti-Christ" - very appropriate.
ATB

petertee: With the exception of c) "financing @4.5p" I gladly support your dream scenario. Having to raise equity @4.5p may turn out to be a necessity but is not what I would call a "dream". However, you're absolutely right that a raise @4.5p would certainly be better than at current sp levels.
My "dream scenario" would provide for a joint venture with PC (or whoever) once the exploitations license for Heron-1 is granted without having to raise additional funds via placing.

petertee: Your posts are very much appreciated (not only by me I hope!).
One thing I've posted several times in the past was "this is a holding operation" which very much concurs with your reference to "the holding pattern".
PM investors (even LTHs) come and go and if those investors are like me we would (finally) like to see an upward trend regarding PM's operations and its SP. As a PM believer, I hate to point out the fact that the market - although PM has finally struck (commercial) oil - doesn't really believe in its future the way some of us do. That appears to be (at least one of those things) what makes the sellers dump their holdings at these levels. What a shame!
I'm in this to the end - whatever it takes! ATB

Manro: I hope the significant reduction of your share holdings was at least a little profitable or only at a small loss. Personally, I couldn't even break even if I sold at the current sp levels. Clearly, the downside would mean losing all - that's what we all would like to avoid.
I for one am willing to remain patient because I believe PM will ultimately turn out good - even better than good. But it's one of those "believer things" which I've been sticking to for many years. Could turn out to be wrong - who knows? ATB

I assume that was a lesson in "how to avoid giving a response that makes you look like a fool".

NIce try.

Go look up the meaning of "putting words in s.o.'s mouth" and "qoute". Once you're done with that we can continue.