Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Well I have finally had enough and have sold 1/3 of my holding at a loss and shoved it into PANR first thing this morning currently up 22%. I was desperately hoping the new CEO would improve communication with his hard pressed PI, but no absolutely nothing. The board have sat on their hands and watched this drop 90% and have made zero effort to try and look after their investors. Disgraceful, the question is now how long do I keep what is still a large investment.
Some mighty big trades reported as normal after hours. Judging by the size of them, total 1.5M they must be buys otherwise it is highly unlikely we would end up 10%. A certain Mangrove buying up the shares they owe, maybe. Hope it's hurting like hell.
Anybody else get the feeling with the complete absence of the new CEO and the absolute determination of the MM and BH to keep the SP as low as possible, that a complete takeover may be in the works. Lets face it with the SP as low as it is a 12p offer would seem to be very generous on the face of it (It would be a huge heist and quite frankly theft and I would in no way vote for it) and I wonder how many shareholders would jump to say yes just to get out of this complete mare of a company. Where as if we were at 16p most would expect the offer to be 40p ish. Big difference to the company buying us up in money terms although 40p would still be a complete steal.
Just my thoughts and I have no facts, inside knowledge etc it just seems that something large is going on as the complete silence, lack of normal professional company standards eg Website and a new CEO failing to even say hello to his shareholders almost as if he does not care. It's beginning to look like we have another complete duffer in charge. What a mess and yet the potential if somebody half decent was in charge is absolutely huge.
Musk we may have potential here, but lets not forget the small fact that there are now over 22Bn shares in issue, that's nearly 3 shares per person in the whole world that's an awful lot of shares. When I first bought in here many years ago we were at 3Bn shares and thought we would all be millionaires but that it would need 6Bn shares to get us there. Well I am still waiting and we are at 22Bn shares, lets be realistic here until we start pumping oil.
This company is certainly not hanging around, I love the speed that they are drilling these wells and each one being put straight to production. Need these warrants to disappear and then we will be off flying. 3 horizontal wells to be drilled before the end of the year which will significantly add to the numbers being produced on a daily basis. With oil heading above $100 a barrel this share is going to fly.
Future oil price prediction
https://coinpriceforecast.com/oil#:~:text=According%20to%20the%20latest%20long
Jan next year £1.20 yikes we need to get moving and start producing.
Late trade in 426,000 and small change and a buy, so that's what the MMs have been working on to fill. Well I have zero sympathy for those who sold out today they should have known that this was in the works.
So we end up 5% up all in the last few minutes. These MM are an absolute disgrace, they held that down just enough to frighten a whole host of silly people who sold out. Then in the final minutes they release the stock and we climb 7% in a matter of minutes. You can see the same happening Monday. I strongly suspect they are doing their collective best to let the shorters out with least pain. UK stock markets are turning into a complete joke it's no wonder companies are leaving it.