The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
TOM58 - Surely time to sell your other 50% holding now at an even greater loss? After all your posts on here are constantly mind numbingly depressing. For pitied sake, just sell up and buy back in after your predicted low price fund raise. Anything less is sheer lunacy.
Thanks GRH. If it wasn't for your posts, your open past history, your willingness to share your research, then I would most likely never even be invested in this PRD adventure right now.
Please ignore the detractors for they are but a drop of phlegm in a vast pool of beautiful clean water.
MEM invests in PRD.
Talks like PRD is the best thing since sliced bread.
MEM decides he wants to release some cash to invest elsewhere prior to coming back to PRD.
Trash talks PRD like it's a cow pat.
MEM ready to reinvest in PRD
Talks like PRD is the best thing since sliced bread.
Porters has a legitimate point no doubt shared, but not spoken, by many.
Well to be fair this particular poster did suggest back to 6p in early May initially when we were at 11p ish. Can't deny the fact that he/she does appear to working on their own in out, in out, shake it all about agenda.
One minute the company is the best thing since sliced bread and being defended to the hilt and then then it's more evil than mad Vlad and only worthy of withdrawing funds from.
For sake of disclosure I too am now fully back into this company with more shares than I've ever previously owned. Unfortunately my brief foray out of this share to another to make a killing before returning ended in an unmitigated disaster.
Praying to high heaven that within 2 years this one brings in the backon or it's the end of the road as far as my share owndership is concerned.
Tom, GRH posted both yesterday and today and before that on the 8th. He has explained that he is being quiet deliberately and only stressing OPTIONS.
You don't seriously think he's staying quiet due to your misfired pop do you?
Let's hope the government get fully behind this and finally offer some genuine rock solid support for all of the Falkland Oil and Gas companies. It's certainly needed now that the mad wanna be Czar has fully come out of the closet. 50p would be nice!
Chariot will not doubt excell even faster now due to the awful events happening to the poor Ukrainian people. Chariot's undoubted rise is going to be absolutley dwarfed though by Predator Oil & Gas who will shortly begin their proving up of both gas and oil in humungous quantities from ONSHORE Morocco. Costs to develop will be tiny in comparison to those of Chariot.
Fully expecting 50 bags minimum from PRD and within a relatively short timeframe too. They will be proving up and selling out. Chairman has wheelbarrows full of shares and this is his retirement fund.
Scott22 - Careful now, you're almost sounding like a heretic to many of the lunes on here!
I hope you're derisked a little for the likely Monday RNS as it may not be pretty.
Absolutely vital to market confidence that they do complete this 'must drill' prospect prior to any thoughts about moving on to the next prospects.
Any talk of sidestepping it until after further driils would not be pretty on the share price, particularly for those not invested for the long haul.
If further, unresolved issues are announced on Monday the share price recovery will not be as good as last time and will also tank further than last time.
Yet nobody cares to discuss why no further updates about the hugely interesting, INCREASING shows from 552m when David has clearly announced he will 'keep the market informed as the drill progressed'?
Please discuss and convince me otherwise.
Good luck to you Spacetomato. If I am wrong then I shall graciously accept it and reinvest fully, but clearly with less profit.
You can't buck the fact though that all is eerily quiet about what exactly they found from 561m. Now why could that be when he's already announced he will keep the market I formed on progress? Fishing again perhaps?
I hope I'm wrong TBH, but that guy feeling is niggling again ....
Why, if you're all convinced we are now around 700-800m hasn't David announced the previously reported findings from 552m.
After all, it came straight from the horses mouth that he would keep us informed and clearly the showing from 552m is a very important talking point.
'Helium gas shows identified in stratigraphy above our primary targets from 552 metres to 561 metres as measured by the on-line gas chromatograph'.
Burying our heads in the sand are we?
08:00 'the drill equipment may not represent the latest kit'.
Yes, that is a concern. If the drill string breaks again (or already has) this could ultimately lead to the postponement of the whole drill at this location if it is concluded the drill is not up to the task.
What does David do then? A few options:
1) Announce a complete halt to drilling until a more suitable drill is found. (Lengthy delay ensues)
2) Start the whole drill again from another close by location trying different methods?
3) Abandon drilling here for now and go to a completely new location?
None of these are ideal solutions and would result in a serious collapse of the share price.
The radio silence since his last interview in which he stated he would keep us informed on the drills progress led me to reduce my holdings by 50%.
Today I intend to reduce by a further 25% and await the next announcement.
I fear it will be more drilling issues.
Quite Seahawk. He did say he would be updating the market as the drill progressed only last week.
At this time he'd also confirmed the sidetrack had been successfully completed, so all being well we should be way past the previously announced zone of interest and yet no update.
I smell further drill issues which would be concerning, particularly with the many negative consequences that could arise in such s scenario.