Member Info for Pherber

Got a mention in IC, apparently so that explains the sudden interest.

If there was substantial rumour/news we would be seeing much bigger trades than we are. This looks like the usual traders pattern.

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

Buzz,

Have you ever considered de-ramping as your track record for predictions is woeful?

"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.

'Buy on rumour' 'Sell on news' And it would appear this morning 'Sell on no news' The herds will be back I'm sure

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!

Stupid profanity filter! s****y was supposed to read S W A N K Y :-)

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.

Or a bluff

The collapse in oil was not good for PMG. Unfortunately nor has its recovery, at least to date

Buzz, I know it might seem incredible but, any share (particularly one that has performed as poorly as this one) could attract more than one person with a nuanced or even a negative outlook. You say ignore both (though according to you they are one) but leave the door wide open with such an unfounded provocation. Now I admit, sitting on a large paper loss whilst Wikkid and Isengard carp on about it can be grueling but that's life and 'them's the rules'. Your posting history of "It'll be a pound by Christmas" provides just as little guidance on the matter and to be honest, whatever your exhortations have been, the price has done the exact opposite. On the trifling matter of PMG, it is clearly going to drift until we have something more substantive than interim's and hope. I think we should come good and am happy to hold and add as funds allow. GLA

Interims will be by mid next week at the latest if the last four years of release schedules are anything to go by.

Definitely the latter - Didn't you see that volume of 5 a bit earlier?

http://www.sciencescotland.org/feature.php?id=202

I remember it touching an intraday high of 299 a share in January 2014. I bought in shortly before the consolidation and watched my holding rise steadily to that price, buying in more on the way up (happy days). Check the FT charts for a more accurate picture

Totally agree on the Buzz poster, he brings out the worst in me sometimes. I do get the frustration others feel - my average here is around �2. However, I've lost nothing until I sell and have been making small purchases as and when funds allow.

You can call it a 'disaster' but I consider what has happened the last three years to be an 'opportunity'. AIM oilers are rarely a quick route to riches but the patient INVESTOR will be rewarded over the next 5 - 10 years IMO. I'm not even sure PMG is about producing oil. I think the co is building an extensive portfolio of proved NS assets which, once in place will be snapped up as a job lot by an overseas national. Essentially, PMG is doing the leg work for such a swoop.

And you do a shed load of moaning Isengard, which is equally as boring! GLA