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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
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 seem to have confused many of us here as giving a $hit. We get it, It's a dog!! I'm down near on 90% from it's highs, I'll continue to average down as the funds allow and the mood take me. What else is there to say? Why are you actually bothered?
Can you point me at the source stating drilling is due by next Tuesday? On a more serious note are there any development timelines around our prospects? I'm so bored I've completely forgotten what we have, when we are having it and why we should have it all.
I mostly agree. PMG is a small boat sailing through a pretty sustained storm. I would rather the crew were below decks keeping the engine running and bailing out than popping up to wave at investors and tell us what we already know. I know it can be frustrating but if people haven't got a degree of trust in the team and a large appetite for risk then frankly they should have their money invested elsewhere. Bon voyage
Why are you all so worried about the SP? I'm hoping this goes down further I will be buying more as funds allow. People fixate on the supposed 'dodgy mm's' when they should be focusing on the company and the board. If they (the board) have integrity then don't worry about it, the value will be realised in the fullness of time. I'd rather have a corrupt market and an honest company than the other way round.
Agreed Mary, I think Statoil would be the obvious choice. Back in the day there was all sorts of buzz about them buying out XEL shortly after their flow test success in 2010/11. I'm no expert but I would assume any buyer of heavy oil assets in the current environment would need deep pockets to develop in the long term.