Member Info for Silverfoil13

When I initially bought into TRP Graeme Thomson was all the rage and a key player; whatever happened to him ; I see he resigned in 2019?!

Due an RNS on Cory Moruga tomorrow aren’t we according to recent RNS .. ie by end of 2023?

I popped a few thousand quid in here about 7 years ago and kind of lost interest when they plummeted over 95% and just assumed that was probably it! However the write up this morning and other progress suggests maybe there is some upside now. Anyone care to have a go predicting potential share price and market cap medium term (up to say 3 years?)

1 billion would be nice .. a 50 fold up lift from here. I have the same target for all my small cap shares .. PRD, SAR, RKH, BOIL and POW .. just want one of these to achieve that target and that’s my holiday retirement fund sorted. I call these “fun” shares! 90% of what I have is in high yielding investment trusts, recently Gilts and of course some cash. It’s a reasonable balance given my age and offers up the hope of some excitement and possibly a sprint down the home straight to the finishing line of life!!

Latics can I ask why you spend so much time peddling negativity here? We are all frustrated by the lack of progress since the original discovery but it’s not all RKH fault; they have tried to move things forward with various joint ventures but partners like Premier have let us down. Hopefully with Navitas it will be different. My average buy in price is 60p and it is a significant investment for me so I have a long way to go to get above water but I have always felt one day these sensational oil discoveries will be developed.

In my view the arbitration issue has always been a side dish to the main meal which is the development of Sea Lion. Successful arbitration would only get the share price up to about 30p and that’s only if you could get the Italians to pay! Successful development of Sea Lion will take the share price well over £1 . This monetisation of the arbitration will get us through the next 2 years by which time with Navitas beavering away we will on the verge of first oil.

Tritoretire .. also have a look at Reddit Predator A Sleeping Giant to see all you need to know including comments on key posters here near the end of the article.

The national papers like to guess what the FTSE will be at the end of next year in the run up to year end.

Any one fancy a go at estimating PRD price at end of 2024?

I would anticipate over £1 if testing goes well in Q1

Will never understand the markets 😵‍💫😵‍💫

I believe the price should be nearer to £2 a share based on the current stage of development therefore a re rate at some point to a more sensible level is quite likely.

TimesB I like your dry laconic humour!!

I’m invested in another share called SAR where the communications are also terrible but once again the underlying potential from the product is so ginormous it is the one aspect of these businesses Im not too worried about!

Hi Aber

Good luck v West Ham at the weekend will be a tough match! I for my sins have followed ManU since 1967 and gradually coming to terms with the fact that even mediocrity from my team would be a bonus now; at least the current shower of herberts who own, manage and play for the club can’t take away the memories!!

I have been to Molyneux a few times great ground and atmosphere and my favourite match was back in May 1972 on a Monday night when Leeds were in their prime and needed a win to win the league but lost 2-1 in an incredibly tense match allowing Derby to win the league!

Great result for West Ham tonight .. PCS will be happy!

Dr Parker did spend a considerable amount of time after the meeting talking to shareholders and listening to further questions and also to further thoughts from Mr Smith who had spoken so eloquently during the meeting. Everyone was able to reinforce the strong feeling that significant improvement is urgently required both in the PR and management structure of SAR. My belief was that he took on board a lot of this feedback. I wanted to ask a question about whether SAR felt Peel Hunt were making any significant contribution to the company. Dr Parker indicated that PH were brought in primarily to up SARs profile with institutional investors and he was happy that they were actively doing this; however institutional investors were unlikely to come on board until more concrete data from Phase 1a and 1b trials was available. So realistically it really is very much a question of having to be patient and wait for the data to come through. No amount of huffing and puffing will change that. With 737 there was nothing more to add; if something does happen on that front we will probably all find out at the same time.

Great to meet you too PCS and Gunnar and a few others who can’t or don’t post here. Glad I made the effort to attend.

I think there is a consensus generally that the leap in price to £4 (8p old money) in the summer of 2021 was overdone and similarly the ludicrous drop back to 50p (1p old money) is also way overdone and that really, all things considered, the current price ought to be between £2 and £3.

I do not think there was anything at the AGM to justify a 10% drop today but I guess we are in a period now when nothing is likely to create forward momentum until concrete data is released on 1801 or a deal comes along to revive 737.

Great to meet a few fellow SAR chatroom posters in person; really interesting cross section of people.

There were some powerful contributions from the floor strongly supporting the great scientific work being conducted by SAR but lamenting the woeful PR and inadequate managerial structure. The clear message was that it will be the data that will drive shareholder value in due course but until then and in preparation for good news the company really does need to up its game and its profile in the sector and more aggressively push the great story that could be unfolding here.

Almost back to a penny (old money); seems incredible given the progress on 1801 😵‍💫; is it the death of 737 that is killing it?

In response to The Times article somebody published the following comment …

“” I think it's pretty obvious that Jawad Iqbal has never been on a production platform or pad in his life.

I used to implement operation and maintenance software for oil firms like BP, Shell and others. It took me to fields and facilities in the North Sea, Colombia and the Western Cape - members of my team finished up in Sudan, Nigeria and the North Slope.

Developing an oil field is not just a matter of drilling a few holes and loading the oil on a ship. It needs an extensive logistics and support infrastructure, somewhere to land and process the oil and so on.

Where would he propose the support operation be based - thousands of workers, warehouses, docks and so on? What about the terminal (hopefully pipeline, given the sea conditions)? The Islands certainly don't have the infrastructure to support it

How viable would helicopter support be, given the weather - or would it be a matter if relying in ships, so much slower?

Where would you build a production platform and how far would you have to tow it? If it's built in a Far-East yard you'd have to bring it around Cape Horn.

Oil is currently trading at a bit over $100/barrel. "Cost to lift" even in a mature and relatively shallow province like the North Sea is about $40 at the moment. Tax then claws back 75% of the remaining margin - which I make it pays back at just $15/barrel. Fields like Rosebank are marginal - and that can use existing facilities in Shetland. This can't””

Coverage in The Times this evening under heading “Britain should look to the Falklands for its oil needs”

Quite right .. totally agree

You are absolutely right NN; the planet is warming slightly and sea levels are rising slightly but nowhere near to the catastrophic levels suggested by the dopey scientists. They twist the evidence in reports they tweak their models when they don’t get the results they expected. There is no justification for trashing western economies and transferring jobs abroad to countries who really aren’t that bothered about global warming. We do need alternative energies because fossil fuels will run out within 100 years but it needs to be a gradual process. Solar and wind are not the real answers; interesting work being done by Rolls Royce on small modular nuclear units could be one of the solutions. I’ve been around long enough to be sceptical about majority views of experts .. 300 University professors wrote to The Times to condemn Thatchers policies they were wrong; diesel was supposed to be the big new thing for cars .. wrong! I could go on but certainly the climate change panic is the biggest con of the lot.