Member Info for Proquo

Looks like a few taking a bit of profit. Don't blame them. I guess they think this has peaked for a while.

Well done

I thought you'd gone over to the dark side TBT!

Check that post Tenbag!

Ooh I love the smell of profit in the morning. Even better when it's accompanied by plenty of green boxes.

Lovely

Great post Abzzba.

Speak for yourself Badprophet. I'm certainly not, and I suspect there are many others who averaged down massively.

Yes, the 850k plus will come at some point, as will 100% payments. We have millions of barrels of reserves with many more to be added, a 50% renewables JV with a company led by a key regional player in the sector, we are income-generating with enough coming in to cover costs and a bit on top with the company streamlining all the time, we have H2 results being analysed, we have Gobi drilling oven-ready, we have one proposal for farm-in with due dilgence underway with others loitering in the wings, we have technical work underway on the massive block VII with feelers already put out to potential partners and neighbours, and the Mongolians are relying on us. And we have NO DEBT. NONE.

These are all FACTS.

Guess that still makes me a ramper.

Lovely.

Wouldn't that be...lovely!

Wigster, a ten bagger from here ie 10pps will do me nicely, thank you.

Guilty, m'Lud.

Yes, I'm pretty positive about Keir, even though he's an Arsenal fan. I'm not uncritical however; very disappointed that he hasn't come right out and utterly condemned Trump's shameless imperialism wrt Venezuela. An extremely unwise move and a dangerous precedent by the leader of a supposedly democratic country. China lost some oil in the deal but must feel it's now OK to take over Taiwan, for example.

Full disclosure TT - I'm a ramper because, weirdly, I'm positive about the company in which I've invested my money.

That's positive but not uncritical.

Please point out in the RNS announcing allocation of monies raised where it says the raise is because the company believes we'll never resolve the witholding issue with PC. That's an unsubstantiated inference assertion on your part and nothing more.

If that's the best deramping ammo you've got TT then you're in trouble.

As for 'burying my head in the sand'. Well, I've been aware of the witholding issue since it started, literally everyone acknowledges that it's less than ideal, including, quite bluntly, a very frustrated CEO. Not great, but is it a reason to sell my millions of shares at a very low average, which seems to be an implied suggestion in your comment, then, for charity's sake I will not be doing that as I believe the issue will get resolved.

So apart from my acknowledging it as a problem, addressing it and discussing it what exactly do you suggest I do to get my head out of the beachy stuff?

I'm afraid that's absolute garbage TT. Read the RNS.

Wrt the last raise, I think we should all keep in mind that a portion of the raise was specifically ring-fenced for the Gobi testing programme, which obviously didn't get spent. I'm OK if some or all of it got swallowed by the more extensive works at H2, but I would expect to be informed of this budgetary alteration purely in the interests of accountability. The RNS announcing the raise specifically set aside money for Gobi, so if that money is no longer available for Gobi in the Spring then I would expect to be told where it went finally. I will post any reply I get in relation to this on here.

Hi TT, thanks for your input. However, just for the sake of truth and accuracy, there is no correlation between the last raise and the amount outstanding from PC at the time of the raise. The money from the raise was spent solely on accretive work and was far more than the circa 300-400k owed at the time of the raise. Without the raise we wouldn't have the Gazelle production and Sunsteppe would have lacked funds to progress its outstanding portfolio of projects. The money owed would have been insufficient for such excellent work and results. Your unfounded assertion that the money owed by PC led to the raise is utterly baseless.

I hope that helps to flesh out your somewhat limited knowledge of the company's history.

All the best.

'Hello profit my old friend

I've come to talk with you again'

Lovely use of half-rhyme by S & G.

I'm a ramper because, bizarrely, I believe in the company in which I invested.

I'm just downright weird.

Thanks for that TT. Any contribution about the company BTW?

Thanks again for taking the time, anyway.