Member Info for Persiantrader

this boat has hit an Iceberg. This isn't ramp the SP up because we got a buyer. this is the worst possible situation.
im not de-ramping, I sold up today.

this is a disaster, sold my 800,000 shares !!! its possible to lose everything very quickly :(

Do you realize this should be well over £1 when things settle down.
https://www.dailyfx.com/gold-price
https://www.google.com/finance/quote/POG:LON?window=MAX <-- See the Spike in SP over £4.00 when Gold was at the SAME PRICE TODAY !
Buy........ Hold.... Forget about it for 6 months....

https://shorttracker.co.uk/company/GB0031544546/

https://www.moex.com/en/issue.aspx?board=TQBR&code=POGR&utm_source=www.moex.com&utm_term=pog

When fighting stops sp snaps back to 25p but its still very low actually 77p is fair value (see link)
https://simplywall.st/stocks/gb/materials/lse-pog/petropavlovsk-shares

POG sells all gold to russia government. I dont understand? is POG safe from any sanction ? https://www.theguardian.com/politics/2022/mar/24/west-could-target-russia-gold-reserves-over-ukraine-says-boris-johnson

Boris Johnson now wants to go for Russia's gold reserves in his bid to tighten the screws on Moscow, saying Putin has already crossed a red line by bombing civilians ?
Is this going to be an issue for POG now ?
https://www.lbc.co.uk/radio/presenters/nick-ferrari/boris-johnson-russia-putin-gold/

im not bitter, and yes each penny was costing me £14,000. dam right i sold out, market was waiting for drilling report but HE1 tweeted about drilling hadn't even started misleading the market and sp dropped, they retracted it days later but dmg was done. I sold out and called it incompetence at around 23p and drilling was a disaster.......... in December 2021 I was the only person challenging about danger in not booking the rig, the sp was around 7p at the time and i thought this isnt looking good LOOK AT MY POSTS. And I was getting grief. Who gives you the right to act as the police on this fourm. I have said I am looking to invest and I can write what i want to write, and If i see danger I will call it out. as it stands if you dont book a rig this SP is going to be destroyed. and if you do book a rig the SP is still going to be smashed by a 25% by a placing.

if he1 doesn't book this rig, its GG for 2022, more additional costs for waiting, sp probably sits at 5p until 2023.... but if you book a rig which can happen and everyone is saying "i told you so".... wait a second, because i'm not excited at all. This rig and the entire Texan rig crews day rate, if you book 2-3 holes will cost you about 8-13 million maybe more, you are not fully funded any more. That is why they passed the resolution at the AGM 2 days ago to introduce 200 million extra shares, that is a 25% RIP in SP and robbed share value..... some of you think is just a drop in share price and the sp will bounce up? but its worse than that. Let's say ITV own's 1% of this business, that is 6,160,000 shares and he is super happy about this, everyone at chess club knows about it, he named his cat "David" and dog "Rukwa" and even has a tshirt printed "hey Latorre I own 1% of HE1, I love you". .........ok everyone get your calculators out and divide ITV's share holding 6,160,000/616,000,000 (616,000,000 is total shares in circulation) wow look at that, its a nice round 1% "i'm ITV I own 1% in HE1 and very happy about this".....ok now add the additional 200,000,000 shares just passed by the shareholders at the AGM 2 days ago... now do ITV's shareholding again.... 6,160,000/816,000,000 and what do you get? "Wow...my name is ITV, who stole my shares ?? was that you muscles ?" what about my "I own 1% of he1 tshirt I printed just for latorre... but i don't own 1% any more... I have to reprint it, I now own just 0.0075... my poor tshirt isn't true any more" I can't wear this at chess club...

https://youtu.be/7Ypn6b40XFA?t=1920
listen to the comment from the Chairmen.
the Chairmen is saying "If we can" secure a rig.
If I posted my own opinion "if you can get a Rig" I would get shot down... but now the chairmen has said it.

1) all shareholders just gave permission to the board to dilute by 200 million shares (that's a rip to 7p if they do it tomorrow) 600 mill shares to 800 million
2) when asked about todays cash position dm quoted a 4 month old bank balance? why not quote todays balance? very very dishonest for a shareholder meeting. what are you hiding ? Q was, what is todays bank balance? if you asked your wife how much we have in the bank and she told you last Decembers bank balance would you not have an argument on such a stupid reply? ridiculous.
3) the chairmen stated "IF THEY CAN FIND A RIG" slip of the Tongue or telling the truth? the 2 main companies they were talking with are now fully booked until 2023 drilling. so this rig in Texas is a wildcard and of course there is positive talk otherwise they will be in deep trouble. but If they don't secure this rig, that's it, game over for 2022. who is the drill partner ? are they competent to drill for helium? hmmm no talk of that. Texas to Tanzania is also 9,000 miles apart as the crow flys... so What's that 2 days for delivery?
4) They keep saying fully funded but that is making them sound incompetent as they have been dithering for 6 months on this rig, and its still not booked. They missed the chance to order in 2021
5) if they drill 3 holes it will cost $4-5 million a hole maybe more now
6) all this billions of helium is bla bla bla.. it has got everyone's eyes off the key issues. IT COST SO MUCH MONEY TO GET IT, it will be another $20-40 million for just drilling and YOU the shareholders will have to pay for it NOT the bank, YOU are the free cash bank, they can't borrow money, they take money.
before you think im deramping i did hold 1.4 mill shares and took the lot out before results in 2021 as i smelt a rat... now im wise to the fact they need a ton more cash to do this and they desperately need the sp to go so much higher before they hit everyone with an almighty placing. it happened to 88e shareholders a fat 30% rip in a blink of an eye.
investing £150k to be ripped 30% on placing isnt what i call fun when its not expected. you now have to read through the lines of deception.
They didn't talk honest today, just the illusion of the prize with the presentation that we have all seen 100 times, and not real honest talk on how expensive it will cost now and key issues/challenges. I own shares also in tullow, the Rig market is so super expensive at the moment and its effecting everyone exploration costs, it will be the same for HE1.
Will i invest in HE1? hmm maybe...after they have booked the rig.... and only after the placing... but even then i'm concerned. why would someone in texas want to ship a rig all the way to africa when they can drill in usa? if you think HE1 are 100% drilling in 2022 then slap yourself because its not true. The honest answer is its a good chance 50/50 however 50/50 also means 50% chance this going back to 6p if they dont book and its delayed to 2023. reality check nee

I'm expecting a ton of people arriving with the build up of drilling.
Hope Alex talks more on Upside and potential so it clear to all.

Looking into the Shareholders is nice to see Alex the CEO owns 11% 20 mill shares.

David is one of the best geologists around and Corporate also, He helped Helium one get listed and after several months it sky rocketed on drilling. I will invest because David is in this. Drilling in 2 months ? Gold super high. Get in now.
https://www.eaststarplc.com/team

POG actually sell all the Gold production to the Russian Government, its not sanctioned, there is no disruption at the moment. If there are no problems the upside sp recovery is huge. There is tiny Explorer called East star resources (EST) only 4mill Market cap. they are drilling Gold in 60-90 days in Kazakhstan. worth a look as Gold is so high

anyone know much about the newly listed £4mill mk cap East Star ? is David's time 50/50 with He1 and the Gold drilling project at East Star ? I just ask as they are drilling for a ton of gold in 60-90 days.
https://www.eaststarplc.com/team Dave is a Non Exec Director

if there were no hedging then the share price could be at £1-2 as these high oil prices would be smashing the debt. but they have put Floors and ceilings in place for the majority of future oil sales at crazy low prices until 2023 75 % and 2024 $50. so we ain't making hay while the sun shines. infact the Hedging cost us so much money because of the increase of oil price. They kinda messed up at the casino it seems.

I agree its slightly oversold, this result was kinda obvious SP would tank, Tullow Stock is a hold for 1y year. We (all tlw shareholders) know it will go back over £1 end of this year and i would say in 2023 will be £2 but because of the hedging unwinding, but 2020/2021 hedging delayed any boom for 2022. Most of us have been through a lot of stress because of it !!... If you hold this long term, it will pay off for sure. Today is a disaster but I would say the Pain has happened and the SP has reflected the problems.

West Africa-focused Tullow Oil lost out on $153 million in revenue due to hedges.
Oil prices have soared in recent months, with current benchmark contracts at around $130 a barrel, but Tullow hedges most of its output with price floors and ceilings to shield against price volatility.
The company, which had a market capitalisation of around $1.2 billion as of Tuesday and net debt of $2.1 billion, said on Wednesday it had it lost out on $153 million in revenue due to hedges.
It hedged 42,500 bpd (barrels per day) of its 2022 output at an average floor of $51 a barrel and ceiling of $78 a barrel and around 33,100 bpd of next year’s output at $55 and $75 a barrel, with smaller production volumes hedged into 2024.
The energy group had free cash flow of $245 million in 2021, about 45 per cent down from the previous year and broadly in line with guidance of $250 million.
The firm reiterated its free cash flow would reach $100 million at an oil price of $75 a barrel, while it plans to spend $350 million, mostly in Ghana, forecasting overall output of 55,000 to 61,000 barrels of oil equivalent a day.
Tullow’s 2020 cashflow was boosted by the $500 million sale of its stake in Ugandan onshore oilfields to TotalEnergies. - Reuters
https://www.irishtimes.com/business/energy-and-resources/tullow-loses-153m-in-revenue-due-to-hedges-1.4822177