Member Info for Robbie11

Mitch,
You are right we must not get ahead of ourselves. Also the CEO warned at the AGM that costs would be high in the second quarter owing to bringing Catcher into full production.

AlfaMale,
Thank you very much for those comments. There are indeed some other attractive and undervalued assets in the business but as they say cash is king and any type of predator finds that compelling.

Sorry this board is so annoying not have a edit facility. I should have inserted "off" after "throwing".

Asteris,
Many thanks for those details. Rightly calculated on prudent assumptions. Alfamale, they are a take over target because in 2019 the company will be throwing huge amounts of cash. That is what predators look for. I`m not sure that the history of Premier over the last century is that relevant. In fact, predators particular like companies that have a reputation for being a dog. It means that view is implanted in the investment communities` mind so that it is easier to execute "the steal".

Asteris,
That`s a pretty cautious estimate for Catcher and there are a few other assets, but the company is only capitalized at £950m. That`s why it will be a steal for a predator. The management will not be capable or want to put up a defence. Bumper pay offs for Tony and co.

Asteris,
"Pmo is generating so much cash out of catcher." That`s right. People just need to do the maths. I`m afraid that with a stock like pmo most pi`s are just looking thro` the rear view mirror. The 7% drop in the share price yesterday just has manipulation written all over it.

There is obviously a major effort underway to keep the share price down. It will be interesting to see whether the management is complicit in this. How overcautious will the statement on 12th be? I am expecting an opportunistic bid for the company in the next 3 months. It will prove to be a complete steal!

We might have seen the bottom today. 9.0 million shares traded including 2.2 million in the auction. I`ve kept pretty quite recently but if this is the bottom I`ll have a bit more of say about the goings of of the last month. A bit of skulduggery me thinks.

Shorters have had it all there own way since Friday morning, but the news has now been digested and there are certainly some positives around at this level.

Correct.

"A profit warning occurs when a company advises shareholders and the public its earnings results will not meet analysts` expectations." As stated above the company has today issued new parameters whereby analysts have adjusted their expectations.

The profit warning has already happened. The company has issued a new production forecast and a revised AISC. The analysts will have reworked their forecast eps today and released them to their clients.

I agree. Just some party moving the market for their own gain just before the London close.

Looks like someone wanted to hit the UK quoted oils stocks just before the close.

Certainly feeding into the market today. Cey is the stand out in the sector. We have a great resource and outstanding operational managers.

Share price moving ahead. The analysts on the call were impressed with the Cleopatra news and that will be feeding into the market.

I`ve just come off the conference call. The big news is that there will be an acceleration of Cleopatra which is likely to be impacting in 4th Quarter and will be highly significant in 2019. Andy has promised an update on this hopefully before the end of this quarter ie 30th June. We can expect production numbers for 2019 to be materially effected. The 34 page presentation is now on the website and worth looking up.

Buys 1.1m, Sells 0.4m

Yes, your buying at a low price why not.

Sorry, irritating there is no amend facility here. Missed out "able" before "to capitalize".