Member Info for Silverfoil13

Thanks MEM I am 95% sure you are right and this will be extraordinary but you just can never be certain of anything in life.

Our family is still reeling from the sudden loss of one of our younger sisters who tragically had a massive heart attack on the beach on holiday on Monday afternoon. Just horrendous not least because she had 4 of her kids with her. Shakes you to the core.

I have always hoped one day this would be a £1 billion company at least and even with the new shares we would be looking at over £1.75 a share which for most of us still represents a stunning gain. Frankly £1 a share would represent an incredible return but would probably disappoint in the context of recent discoveries and developments.

PG must feel like a kid at Christmas with so many surprises laid out in front of him; he probably isn’t sure which one to open next. All the recent drills have been so much better than expected and now he opens up another box and finds it contains £10 million instead of £7 million!

Being lucky is a great talent in life and whilst there is no doubt PG has worked incredibly hard to get where PRD are now let’s hope his luck holds out!

In very round numbers there were 400 million shares and there will be now 500 million shares.

If they were worth 20p a week last week then pro rata they should still be worth 16p if nothing else changed.

But things have changed and for the Bette! The basic story is the same but we have £10 million quid in the bank to help us realise the story.

Sounds good to me!

You said you were out and leaving this board then you post again .. jeez what a stupid comment!!

Nothing clever about being out of this now!

Bloody hell what is the matter with people?

O&G exploration is by its very nature a risky business if you can’t deal with this you shouldn’t be here.

It’s a rare opportunity with a decent chance to make a shed load of money. 20p or 25p was never the target for the serious investors here; we are looking for £1 plus or much much more but nothing is guaranteed .. how can it be?

If you want a gently cycle through the countryside or a walk along a white sandy beach surrounded by palm trees then pop your money into OIECS and investment trusts.

On the other hand if you want a white knuckle ride on a roller coaster for the potential thrill of a lifetime stay here.

But for goodness sake stop bleating on.

It’s a high risk opportunity with potentially spectacular rewards. Weekly variations between 10p and 20p are irrelevant; what matters is can we hit a £1 or more?

We’ll hear from GRH, Keith, Caterham soon enough I hardly think they will be too surprised or disappointed .. things are moving at lightening speed and the fund raise just helps us move closer to our immediate goals. PG has made it pretty clear he wants to crack on with this and he is! That’s 4 RNS in a month!!

Don’t feel ouch at all to be honest. They expect to fill their shoes by tomorrow morning so obviously got buyers lined up and then they will have all the cash they need to progress things at pace!

The share price will be like my rubber ball analogy rebounding quickly and strongly probably even tomorrow.

They had to do this and they were never going to raise £7 million quid at 20p so any one who did sell some at 20p plus well done .. most will probably buy back in now!

So exciting!

It is very possible we will see the share price perform like a bouncy rubber ball tomorrow. An initial drop if there is a placing followed by a dramatic rise resulting from the kinetic energy PRD are about the create

Okey dokey done some research and can see the market views the Trust as being overexposed to illiquid unlisted companies and had too much debt in its books and the 20% discount to its net asset value.

Has it reached a point though now where the price has fallen so much it might starting to look like good value again?

Chatting to a friend at lunch today and he said he had quite a big investment in SM and said they hadn’t done very well recently and didn’t know why and should he hang on to them.

I can see the price has gone up and down over last 3 years and wonder if there was a quick explanation for this?

Any thoughts on LT prospects for this IT?

Thank you

Frankly if PRD is as good as the more knowledgable observers on here believe and we reach £1 or better, which seems more than possible, then 12p, 16p, 20p are all irrelevant and the only thing all the hot air on here will have generated will have been another minor contribution to the gentle but really quite unexciting rise in global temperatures!

After a couple of days of absolute drivel on here how nice it is to see the return of educated posts from people who really understand what’s going on at PRD.

Desire perfected the Tommy Cooper trick .. water oil .. oil water!!

I did the same with RKH up over £4 and back down again and still there!!

2 very strange drops in the space of 3 weeks!

The rises make sense .. the drops don’t!!

Very jealous MEM have a great weekend and maybe come home a little bit richer?

Use to love camping as a kid; as soon as we broke up from school Dad and Mum would load all 7 of us kids in a Land Rover and drive down to a beach on the Med and we would camp for 6 weeks. One tent 9 air beds and 9 sleeping bags .. bliss!!!

Am I missing something here or is there a bit of anxiety in the air?

From the 11 July RNS Paul said following the completion of MOU4 the next planned activity will be extensive tigress testing details of which will be announced in next few weeks.

So I guess that’s where we are?

Any reason though if rigs are still in place why that might be because it costs money I guess even if they are doing nothing.