timbeeeeeeeeeeeeeerrrrr
Back down she goes.
Reminds me a lot of QPP this share.
@NSTAbz Oh god you're right, 1 active director and 2 lackeys. Big difference. Richard Jennings is calling all the shots, it's a one-man outfit.
The taking shares facade is horseszjit, stop being so gullible. You don't think he'll want 25k off the bat no questions asked for his 'research' note? The whole premise is you write rampy notes about dog stocks that can't afford to pay you in cash, so you get issued small amounts of confetti that don't impact the SP that much and immediately offload. Note there's no limitation clause on how long he has to wait to sell. Easy money, really, shares available in three days time, the mug punter pays not the cash strapped BOD.
The coming online of a mediocre asset which PANR can't afford to buy all the interest in 10 days, which is not yet proven cashflow breakeven, does not excite me. Going on previous results cashburn a placing was needed by year end. That may be the case still or if the increase in price commods with this well coming on line delays it by 1/2 months into the new year this still doesn't stop this from being a cash burning dog.
Yes, we all know, that over time flow rates decrease, otherwise you should not be invested. And the difference between testing flow rates and production is often the steepest drop when it comes to rampy AIM stocks.
Try to get real.
PLEASE!
Obviously Align Research will be writing positive notes now and therefore his (it's just one guy doing this called Richard, I think) work can be disregarded as sellout hot air from now on. Also interesting to note PANR can't afford to pay him cash. He is now part of the ramp ahead of the imminent placing. Other than that a textbook AIM weather delay, which *could* cover overheads, but for what? The project? The pipe? Certainly doesn't sound like corporate and is dependent on flow rates which we all know deteriorate from testing. Jam tomorrow.
They can always wheel out the 'it was the weather' excuse, a favourite of poorly ran AIM companies:
https://www.wdtv.com/content/news/Flash-Flood-Watch-for-parts-of-the-area--How-much-rain-is-expected--When-will-it-end-494160901.html
@DaveWin this is what is needed. However, the assets are pretty unexciting and the company needs a fund raise before Christmas, so I think it'll be more a stringy bit of tinsel than pretty bows, certainly this isn't going to get anywhere near your expectations/hopes by then.
Oil companies **** cash up the wall the whole time. Millions of dollars go into dryholes every year.
You guys are hilarious. How many years have ppl been posting about Exxon and the like on here for?
The Lord pumperth and now he doth dumpeth. Get out whilst you can to book your profits / stem your losses, the RNS has in PR-speak said no reason for the rise. Likely to head back to the 3s again.
Well what's your rationale? I mean this has been on an upward trajectory for months. If you've started shorting a couple of days ago I'm afraid you've started when the horse has already bolted on the short side. This has been consolidating just shy of oversold for a few sessions now and has made a small upward move today. Suspect fingers could be burnt here.