focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
The only person "getting desperate" Scoobs appears to be you with your constant stream of consciousness. I feel like I'm eavesdropping on a thoroughly distressed individual, angry with themselves and unsure what to do next.
Which is all rather surprising considering you are making such good returns elsewhere.
My advice here is either sell up or put up but whatever you decide please shut up.
Thanks and good luck
It's entirely predictable. The results were decent but losses widened with one off charges.
The traders were looking for a quick 10-20% and were never going to hang about till 2019 for a FEED update and certainly not till Q4 2021 for potential production.
I have every faith in PMG and will be adding as and when I have any spare funds but this is unlikely to go upwards for at least 4-5 months, possibly much longer.
Just enjoy the continuing opportunity to accumulate.
And here's the link.
I like dates, let's hope it happens.
https://itportal.ogauthority.co.uk/eng/fox/path/PATH_REPORTS/current-projects?ORDER_BY_FIELD=true
Yes, it will be on Friday.
I wouldn't get worked up about it though, will just contain what we already know plus profit/loss results and some positive byt vague wording on how this year has been solid etc etc
Trans-formative news comes via RNS, not in scheduled Annuals and Interims.
Will probably be a small rise for the recent traders which will then drop as they sell off
58/60 for the weekend?
No Buzz, we do not need Rampers!!
We need informed opinion based on the facts available and the prevailing mood of the wider markets.
One day this stock may come good or it may go bad - That is all we know for certain. Everything else is opinion and conjecture.
Mionmur - If you think you will probably regret it and PMG is your only debt free producer, why would you want to sell up? After all, bottom drawers are by definition long term, invest and forget positions.
Anyway, you'd miss that unique PMG frustration factor
"Sell in May and go away" The investors standard strategy.
Volume very low here so MM's just trying to stimulate more than the odd holiday money trade..
Even if they had news, PMG probably wouldn't want to release in the slow summer months.
Which reads as follows; "I was looking into the argument that the sour crude associated with the Perth and Dolphin area makes the project unappealing and found this 2015 article http://www.oedigital.com/energy/oil/item/10143-unlocking-potential It seems that the FPSO plan has been put on the back burner in favour of the tie-back to the Scott platform. Given the lifetime of the fields and platforms, in this area, expressed in the article you would assume that it's really in Nexen's interest to work with PMG on this project. News on the Nexen investigation, a TRACS update or some service agreements could really give this some momentum. Over 50p at this time... so hopefully this is just the start."
I think you were a little rampy but I'm not knocking it and it certainly wasn't a bad thing. Ramping is a sign of one man's confidence or another man's desperation and I didn't and still don't associate you with the latter!
SF - You were the main poster that turned my head and got me excited about Xcite. :-) I think they were hovering around �1 in September 2010 when I joined the party. Got a few work colleagues involved and we couldn't believe our luck - oh happy days, a few grand up in the morning and to the pub at lunchtime for a beer or two. I recall the members of the chat room on SharePrice organised an evening at a s****y dining club in London, Must have been early 2011 when there was still much faith before the conservative TRACS report came out and killed it off.
Ahh yes, debacle would be a polite way of describing the cluster**** Xcite turned out to be. Still kick myself that I didn't sell my holding the day they announced results on the first abortive flow rate tests. Still, was out years before they finally folded and at least exited with some profit.