Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
Polemic,
I would be lying if I said I was sad that you were departing this BB.
I am hardly an arbiter of anything on this BB.
I simply throw on my ha'penny's worth from time to time.
Because I believe company to be way more valuable than its current market price reflects.
And I have, on occasion, taken some criticism on here from some of the stalwarts (GRH, Nicodemus, KeithOz).
So, it is hardly a self-congratulatory crowd.
I suspect news of your departure from the BB may not necessarily be met with oceans of tears.
I am not privy to any inside information. I am in the same boat as the other posters/readers here.
If, Tom58, you have specific information that might have informed your poisonous little post, then share it,
I have nothing against those who may wish to express negative opinions on the PRD stock (though I do wonder why they don't just sell down their position and bugger off) - but then adduce some evidence to back up that position.
Don't just throw in negative, nebulous comments that help no-one.
Marinate in your own misery, Tom.
For the rest, have a great weekend!
I am in PANR for similar reasons taht I am in PRD (though my PANR position is only about 30% of my PRD position).
Neither may not yet have demonstrably hit pay-dirt but when they do, they are each absolutely perfectly situated, geo-politically, location-wise, access to distribution infrastructure, etc.
The leadership teams in each case have found assets that are brilliantly located. That has huge VALUE in my opinion.
Have a good weekend all!
As I am also in at PANR (substantial position but not at all as big as my position here - which I believe to be the Crown Jewel), so it was good to see PANR moving forward and tracking a little back towards true VALUE (I still think that thing is at 10% or less of real VALUE).
I think PRD is currently at way less than 10% of real VALUE - but, as many have said here before, DYOR and never take advice from BB posters (though some - in the case of this BB, quite a few - post some really interesting things that can really inform your investment decisions).
I have some friends in the energy trading business.
What happened with London having to import emergency power from Belgium on Thursday night to save the weekend was extraordinary.
That figure of marginal cost to boil a kettle being at £1.50 is very real.
I really do wonder whether social media, including BB's - though some of them, especially this one, can be very valuable - are actually a net good thing.
Anyone can post utterly meaningless drivel whenever they want.
I suppose that is a necessary cost of democracy.
I remain very confident in PRD.
But it would be only fair to say that I think it may be well to consider putting in a patent application for scoring persistent own goals.
I thought the operational RNS was excellent.
There then came a somewhat obtuse RNS around the H2 sell-down and that seems to have set the cat amongst the pigeons.
And that cannot be helpful. Because it is not just the likes of Nigel and his little friend, Redbox, that are yelling.
It is some entirely more serious and credible people here that are expressing some concerns.
There may well be nothing to worry about at all in the H2 sell-down - but surely some proper thought should have been given as to how such information might be received and perceived?
And to have, then, been more pro-active in the messaging and trying to minimise room for speculation?
One can still win (and I believe very much we will - on a very grand scale) but it is always much easier to win if one is not constantly having to recover ground lost to own goals.....
I agree with Ford (and others have said it before as well).
Given that the articulated VALUE creation flightpath has always been at crystallisation and distribution via Special Dividend or similar mechanism, the SP at any given moment is not actually of any great importance in the grand scheme of things.
Of course, it would be nice if it were higher, even if it were only to make one feel better - but that is irrelevant actually, given the articulated flightpath.
It seems to me that PG, Lonny, Peterhouse and the NED's are doing many, many things right. And the very serious VALUE will ultimately be crystallised here.
Looking forward to it...
NickNorth,
I entirely agree with you.
This whole H2 thing is a red herring, like the Theseus thing, seized upon by nay-sayers, without providing any compelling argument to back up their case.
PRD is, it seems looking at some kind of green hydrogen play which may or may not involve H2.
The fact remains that, ignoring any green hydrogen stuff for the moment, there is a fantastic trifecta of assets (Morocco, Ireland, CCS/EOR) that have been assembled by PG, which between them seem to have potentially enormous VALUE.
One can attribute probability weighting to each or all three of them crystallising full VALUE (in which case, heaven becomes a place on earth) and, on the basis of the probability weighting take a view on the current SP relative to potential VALUE.
The green hydrogen play may itself have great potential VALUE but that is above and beyond the existing basket of assets.
So, I think all this mad attempt to portray PG and the H2 thing as being a negative is just as silly as was the attempt to turn Theseus into an issue.
I do think some on here should rather just read conspiracy theory books rather than invest in stocks.
PastaBelly,
Hardly my "discarded holding". As I posted on here, a couple of months ago I sold down a very small part of my holding (mainly for liquidity re-balancing reasons) and because I was at the time concerned about another botched placing (a fear that has now been almost entirely allayed).
And, having been buying back in recently, I now have a bigger position than I did before that (very small) sell-down.
I have always been very positive about the VALUE of this stock. And I am more so now than ever before.
I suspect it must have been a trading seller (maybe Novum, as P-T suggests).
It surely can't have been a holder based on fundamentals because, based on this morning's RNS, the situation looks fundamentally very much better than prior to the RNS.
These trader riff-raff types always have to the propensity to cause temporary noise. For me, the only thing that matters is the destination and the quality of the ship (and its leadership).
I think the destination likely pretty darn awesome and the ship and its quality of leadership on a scale that would make Horatio Nelson and Captain Cook smile down from above.
JonMo,
I don't think it is remotely true that this is a "ramping" board. Just because some people are well-informed, knowledgeable and experienced and are positive about the stock does not make them thereby "rampers".
There is always an element of financing risk. I have myself been concerned about it in the past. We all know we will need financing in some form or other. In the past, I was worried (sometimes very worried) that the chosen financing route might be VALUE-dilutive or, even, VALUE-destructive.
My concerns on that front have been very significantly reduced by a) excellent on-the-ground progress and b) the appointment of Peterhouse and some experienced NED's to assist in that part of the process.
I think the SP is not yet reflecting wat I see as the major reduction in financing risk in PRD. That is just fine by me - I am pretty sure I am right and will happily hold until that be proved so, or otherwise.
JonMo,
I think your comment about PG always being "jam tomorrow" to be deeply unfair and inaccurate.
He has assembled an extraordinarily valuable collection of "jams". And, it would seem to me, has been extremely wily in how he has piloted through on a course to maximum VALUE optimisation. That was partially enabled by him running the outfit's costs very tightly (unlike many listed companies which are just lifestyle businesses for the executives) and partially by him refusing to take sub-optimal deals when he could hold out for much better.
That took huge courage and savvy. From which we all stand to benefit.
Remember that in 1867, the Russians sold Alaska to the US for $7.2m because they needed the short-term cash. One of the dumbest-ass deals in history.
I would applaud PG to the rafters for having held firm and stuck to his course - and not sold the crown jewels for a pittance.
KeithOz,
I work in the M&A space and have also done lots of VC/PE deals over nearly 30 years now.
Your summation was excellent and I would hope Peterhouse would take note. They seem a very jacked outfit and I am sure will be helping steer the good ship PRD to docking.
Thanks, as ever, for the excellent inputs.
Porters,
I sold down a very small portion of my holding (I still hold a lot of shares). It had to do more with a bit of liquidity re-balancing my side much more than any huge concern around PRD (about which I am very bullish indeed and have been for over 2 years - I have only gotten more long term bullish the more I have learnt and seen of the company).
A placing remains a possibility and there is some risk there (the track record on placings would make John Major look like a political genius).
But the company has gotten in some proper, strong, credible corporate finance advisors and, in any case, has a basket of such fantastic assets, that I think that risk has diminished - possibly significantly.
In a market in which I am overall negative (the Biden/Communist disaster in the US has still got a ways to run), I think PRD is beautifully positioned.
And that PG and Lonny are doing a sterling job of creating VALUE.
On-board and very happy indeed.