Member Info for Proquo

Bid 1.25p v Ask 1.28p. Not a big spread at all

Hi Furry. Brent pushing on $106 now.

Have a good day Climbing.

Just seen your post, Investor. Thanks for the advice.,

Hi Furry. Oil pushing back on to $105 again. Sorry if that upsets you. You say you're in Singapore and spend your time posting on a share you don't like - and only one share - and trawling through old bulletin board posts? Genuinely, I hope you find something better to do with your life. Anyway, all good here.

Having said that Investor, I took a nice little profit early on a little gold explorer called er, Greatland Gold, a few years ago. A few thousand profit. Lovely. Unfortunately, a few months ago I made the idiot move of working out what those shares would be worth today.

Tbh Investor not selling when I'm in profit is my major weakness as an investor. You were sidetracked by other things, but in my case it's always FOMO that holds me back. Fwiw, I still think this has a long way to go, but I will kick myself too if it doesn't and I missed the profit to be had!

The 'falling knife' scenario is always a danger when averaging down. However, the raise at .8p effectively put a limit on the knife's downward trajectory imo. The sp flickered a bit lower briefly but at that point the company Mcap was about £14 million. I felt then that even if we'd become a distressed seller, which became extremely unlikely once Gazelle 1 came in, the fact that we had no debt and no creditors meant that our assets were the security on their own at such a low valuation. Counterintuitively, I felt the extremely low price for the raise provided a really fixed point to build from, a sort of certainty that we'd hit a very low bottom. Hence why I loaded up with a few million shares at that price. I was tempted to topslice the new shares at 1.30p plus, a 60% profit on those but I didn't as I didn't want to miss out if a big one dropped. That old FOMO devil! Time will tell if I've done the right thing!

Yep, Brent pushing back up to $102. Surprisingly, not much market confidence in Chump's proposal/vain attempt to get out of the unholy mess he's created. Inflated POO around for some time yet imo. Hope Buck increased the asking prices accordingly. Haha

Big fan of Jung myself too. Once wrote a paper in my heady student days - long, long time ago - on the Jungian concept of the liminal in the context of children's literature. Being in Matd def counts as being stuck in a liminal space! Ffs

Sorry SenatorPrime! Freudian slip! Hahaha

Thanks Wos. So no concessions on the nuclear issue? So glad Starmer, Macron, Merz have had the good sense to isolate Chump on this. And bloody Marc Rutte needs to stop brown-nosing the orange ass.

Yes, Bline I've read that many US military commanders are unhappy with their orders. All this spiel about Iran being an 'imminent' threat is on a par with Blair 'sexing' up the evidence of WMD, 45 mins etc. Wrt oil, what price POO if the US go into Kharg Island? And what would the Russians and Chinese do then? I'm genuinely hoping this is a clever bluff by Chump but well, this is the Orange Man-Baby we're talking about.

Why is the orange draft-dodger deploying thousands of elite airborne troops? Invasion of Kharg Island behind the smokescreen of a 'peace' deal?

Bid just jumped to 1.14p

Certainly a possibility. Similarly, I think the fact that we've had no RNS at all about AGM, production agreement, plans for Gobi or H2, or even H1 de-waxing, let alone the farm-out is because all these elements are necessarily interdependent - nothing can be announced until all the ducks line up.

Agree about the low-ball raise but I buy Buck's explanations about it, and to paraphrase Malcy on it, it kept us in the game at a crucial point and brought Gazelle 1 onstream very late in the drilling season. Certainly, it must have helped our farm-out credentials and put an injection of cash into Sunsteppe when Zula needed it.

Brent back over $100. Sorry Furry.

Investor, did you get any reply from the company to your query about netbacks?

I wrote to them yesterday with the same query, amongst others, but have received zip in return yet. Just a vague notion that there might be a necessary imposed radio silence atm, as I recent months they've been pretty good at getting straight back to me.

Concur

Investor, agreed. Clearly, quite a few overstretched themselves on the hype around this in the explorer phase. Then, once the EL was granted, there was another wave of sentiment which overcommitted a few more. In both these phases, there were literally no metrics to judge this by, apart from the raw 821bopd figure which was probably a peak testing flow rate lasting about ten minutes. In retrospect it was reprehensible of the company to not contextualise this figure for investors. Once we became a producer, suddenly there were clear metrics to value this by, as well as a much clearer idea of costs per well etc. The stockbashers entered at this point, allied to the shenanigans by PC witholding etc, and the Mongolians basically not having a proper streamlined regulatory framework in place, all of which combined to kill the sentiment in this, keeping it a traders' share rather one to hold. I mistimed my entry at 3.2p thinking this was a brilliant price to get in considering the assets. Fortunately (or not maybe), the raise at .8p was a gift not to be ignored and allowed me to average down massively to 1.1p. Understandably, those who had previously overstretched and overcommitted were extremely wary of putting any more in to this, especially given the SP has crashed to sub 1p! In short, a perfect toxic storm for those who've held long-term who are, perhaps understandably, either very bitter (Master) and/or trying to trade it (Hamm) to try to claw a bit back. The lesson for me is just trade in the explorer/early producer phases, then buy and hold at the first signs of the company securing its long-term future, which is the inflection point we are currently astride.