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Uni, if that's what you think why haven't you reported it to relevant authorities. No point posting on here.

Druid,
Oops... Order of the Yew.. Not the first time your divination has tarred me with the Starchild brush. A case of 2 + 2 equaling 5 methinks. What happened to Starchild? I know he claimed to throw the kitchen sink at CEG and put his house on the line plus the shirt on his back down to his cuffs,

I'm not looking at the company, what it does or does not do. I'm simply breaking well known trading rules and working the averages on a losing position. If the company turns round good if not then I know the maths I'm applying. I know the risks and I know it very well might not work. At least I'm working on a plan to recover losses. Happy now Druid.... with your order of the sticks .. lol

Druid, in response to your reincarnation claims, I would like to to state that in my opinion, for what it's worth (very little), is to say, "don't put your spare change in here because it is extremely high risk". Therefore, your claims that I'm in some way pumping or encouraging peeps to invest in here is bogus. Peeps should DYOR. Having said that, it was an even higher risk prior to P1 and that didn't stop everyone including their pet dogs & cats taking a punt.

Mick, talking about Meta, I'm indirectly invested through eToro's MetaverseLife Smart Portfolio product in which Meta forms part. I bought units a couple of days ago. Seems to be doing okay. So far, up 7%.

I've been in CEG way back when BPC went from the Falklands exploration to the Bahamas which attracted me because there was a lot of Falklands exploration at the time. So, I've been here for donkey's years. CEG feels like a different outfit today. Still think there is oil in the Bahamas. Agree, CEG doesn't have the means to locate it without a major farmout. Uruguay seems like a bonus. There is a real chance to strike agreements there. The rest of the prospects are bread and butter. Certainly, TT is. Think Eytan is doing the best he can with the means he has and that means bread and butter work and partnering up for risky exploration. The fact is the company is still here and whilst the company still exists there is always a chance to recover losses no matter how unlikely. It just means averaging. The question is would I put money here rather than, say, MeatverseLife portfolio? I only put in a fraction in CEG which is enough to roll out the averages and hope for the best. Know fully well nothing might come from it. It's just nice to know that Uruguay is in the background and any good news there might spring into the Bahamas again. There is oil there because I recently invested in a company that drilled and is further drilling in Cuba and located large quantities of oil not far from where P1 was geographical.

Mick, are you implying that the perceived risk in holding PRD is greater than the perceived risk in holding CEG?

Mick, No institutions are holding PRD and yet 4 institutions are holding CEG. Probably explains the increase in PRD, right?

It's always the old rich that squeezes the penny, Mick. No one is going to throw away 500k on a mickey mouse venture. Apologies buddy. Had to laugh at that one-off.

Burren,

G.P. (Jersey) Ltd... increased
RAB Capital Ltd ... increased

Eytan certainly put his money where his mouth is recent. Potter is left holding just over a mere 12 million shares. So, he's likely fried and out of the picture.

The accounts are delayed but would you bet against the horse's mouth? It's hard to call.

Burren,

What I find interesting is:

Carnegie (Mark)
Choice Investments (Dubbo) Pty. Ltd.
Rookharp Capital Pty. Ltd.
Uliel (Eytan).... Increasing

Holding over 1/2 billion shares

Merseyside Pension Fund
Just under... increasing.

I guess if these are wrong then how can anyone be right.

Theosus,

Agreed. I guess if the Saudis had the stomach to price oil in BTC (or whatever) it wouldn't be a happy ending. As Plato points out, the peak oil point is moot. There's lots of black stuff still left underground. The dollar is always a safe haven/risk-off play.

They need to hike rates like the Fed. Both the Treasury and BoE can play with reserves but they prove a blunt tool. Selling the pound isn't needed if the Fed is aggressive on rates and the BoE (ditto ECB) is comparatively dovish. GBP would devalue. Good for exports though imports inflation - the problem is the UK is a net importer.

Too much dollar strength. The Yanks are winners here. Euro looks like heading for parity with the dollar. GBP which tends to be used as a temp hedge on EUR/USD isn't fairing much better. The only way this is going to change is by both the BoE & ECB taking an extremely hawkish stance on inflation. I suspect both are weakening their respective currencies to reap a comparative advantage in international trade v the dollar. It sucks that without more hawkish stance inflation is going to scr*w us all over.

Better to be understaffed with high demand than understaffed with low demand.

There's always a need for an energy mix. Solar is excellent in heating the house during the summer months and wind when there is wind blowing. So, I suppose in the winter months when you need heat you'd have to wear coats indoors especially when not even a twig moves.

Correct me if I'm wrong but japan has generational mortgages that pass from father to son or even grandfather to father to son. End result is the Japanese economy going nowhere fast in the past 30 years.

Talking about premium bonds I recently won £25. Considering almost everything is heading south in the last 6 months it was a pleasant surprise. I should have sold 50k worth and just thrown it in premium bonds 6 months earlier. That would have made sense. Hindsight is a good thing in retrospect.

Burren,

I could issue a press release that I'm going to sue you for defamation causing valuation loss and further loss of business. However, it won't get very far because there is no case to answer for.

This Brexit paradox is solved by the EU applying to become a member of the Commonwealth.

Oh dear! PRD chasing CEG cos CEG is a scam/Ponzi, right?