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One would assume that the Nomad would not sign off on the statement around not requiring any further capital if they hadn't swung into profitability. I guess we will see when the update comes out. If it has gone into profit then I expect fireworks.

Don’t think there’s any shorts open here, too small market cap

Those shares have been forward sold…

PANR moved from 11p to 39p on their drilling campaign! And they have debt.

No debt here and fully cashed up for the multiple flow tests! 650M barrels of oil… exciting

Hasn't it got shed loads of debt?

Monty ... the mcap is due to the reserves that they have!

The flow test is what’s next here

Wow... really starting to get going. Couple days ago was just me and Earl here.

Wow message volume picking up here. I saw that tweet, very cryptic indeed.

Definitely buyers showing up! Volume up.... word is getting about.

Looking good here think market is cottoning on :-)

Steve E60 - The Nomad would not have signed off on the statement about not needing further placings.

The Nomad has to sign-off on such comments re "no funding for the forseeable" so I would expect they would have had to demonstrate why this would be the case. Alas, i take it on its merit and we will see how this unfolds. I note the twitter post of the concentrate sales has been posted, which was also RNS'd in the last update. I suspect that the company has now swung into profitability as the mines are now all online - as per the Q2 production update RNS. We will see what comes on the Q3 production update, I suspect the company will make some announcements to this effect. If this is true, I suspect a re-rate from this depressed price. All my own opinion based on the RNS's.

Few buyers appearing in anticipation of next week, just need a few more people to get it on the radar.

I think it will break this zone soon, volume excellent.

Davey you obviously don't understand market mechanics in small caps. Go buy some blue chips.

Plenty of money coming in here. When the MM's want to let it go, will be game on

What makes you say that Petro ??????

I think the Q3 production update will tell a story....

Huge delayed prints showing up. What do they know?