Member Info for smalltrader

dream on

Fantastic post alasdairribbex.c!!!

Needed a post like that for those who are worrying. I suggest just stop watching the price and stop replying to the trolls. I just switched off from watching but did not sell a bean. Managed to bring my avg down to 53p now.

I too feel Mooky will add more debt than issuing equity so don't think there will be any dilution to SP. Interest rates are cheap so borrow more and lenders are being asked by the govt to be flexible. Cinemas are to stay forever. It is just a matter of time when the service resumes to normal. There are antibody/antigen testing kits coming up so that would allow cinemas, airports and all the businesses to open.

Yes, Schroders purchase is certainly a good indication of coming positive news for PMO.
But I think headline news about lockdown killed the momentum here otherwise this could have been in 20s easily with the yday's evening news.

Bought. Need to get my losses on PMO back from PMO. Ready for the ride. ATB

It will be interesting to see if it will be 30p next week or 25p as the new base

don't think we have seen him today?

I read the article now for 5 times -
https://www.marketscreener.com/quote/stock/PREMIER-OIL-PLC-4004314/news/Premier-Oil-receives-indicative-support-of-325-million-for-capital-increase-source-31315742/

It says PMO received support in EXCESS of targeted £325M! Now read another line there -
"
Premier said last month it was seeking $530 million in fresh equity, of which existing creditors said they would underwrite $205 million in a potential debt-for-equity swap, should Premier find $325 million in fresh equity elsewhere.
"
so $205M will be written off so MCAP would increase by $205M after the debt restructuring?

Now about the $325M credit, if it is thrown by Chrysaor alone then is it a takeover deal put by C to PMO? Obviously existing SHs would not approve if it is just for $325M but the article says in excess of $325M so we don't know how much in excess again?

It will be interesting to hear for how much Chrysaor want to offer to PMO!

But with the increase in stake today by Schroders, I think it is going to end well.
I will dip in tomorrow first thing on the bell.

Really bad luck Megan. had you not sold it back then you would have been sitting on massive profits. Anyways bygones be bygones. Good to see you back in again. There is lot of massive news to come in next few weeks and months - GDXJ,Scallywag, MRE so should be all good from here on. My plan always was to get in big around this time as we get close to MRE update but SP just went up too soon to this high so I imagine 50p from here is possible. Any bit of good update on Scallywag 35p easily. GL

I envy you Elise1! But really hearty congratulations!

After getting burnt early days with GGP when NM walked out never had courage to go big with GGP or any other stock. Just when thought of going big, Covid hit me badly monetary wise so became very cautious with investing. I remember when GH bought £54k worth of shares in April I think, SP spiked to 2.9p from 2.35p I think. I still felt AIM stocks are risky with covid still in the peak. On that day when GH bought, I bought some £1000 worth and then kept adding until 8p and when it hit 9p on the NC results day, sold it at 8.8p. Since then added again but never had courage to do big top ups. On Monday, when it was at 20.2p, I bought just £1000 instead of planned £5000 and today morning when I bought £2000 at 25.02p, it went down now so days like these discourage me to go all in. As am still with little kids and big mortgage on the head so never want to put all my savings all in as can't stomach if all goes south even if that is momentarily for a day or weeks. I will still continue accumulating GGP in tranches so that am well prepared for the risk in case although it frustrates me that I could have invested all in back when it was at 3p or 8p but in hindsight everything looks wonderful! Anyways sorry to bore you guys. Just made two top ups again at 23.3p and 23.45p. Onwards and upwards!

I think this is the last covid stock for a multi bagger to those who missed other covid stocks. ODX should be more than AVCT MCap with the home testing kit bagged and CE approved! Pregnancy style kit is CE approved and we have RTC confirmed the efficacy of the kit! What is not to like!

Colin just said next year accounts will have much revenue due to the export of their products! We have the capacity that is needed to supply the product! Onwards and upwards!

in the live chat!

what does it look like?

Apologies, not about relaxing clinical validation rules. There was a link shared in another board where it was mentioned that the covid products(Testing kits/therapeutics) should be brought to the market quickly if the trials have proved to be successful. With ODX testing kit being part of RTC and the product has been already CE marked, we need not worry about efficacy of the product. Few months back we all thought if a pregnancy type kit is possible or not for covid testing but now we have seen the product and it is CE marked as well. Not long now.

Just dipped in. Thought I missed it.

If you see that video about how the kit works. It is amazing!!! Pregnancy style kit ready to be used for covid testing is just amazing. The device can be used anywhere airports, cinemas, shopping malls literally everywhere. The kit can land for retail use in Boots, Amazon etc. Although the production is for UK use but can't see why not other countries line up for it. This is a massive product. Also we have news that says that agencies are trying to relax the clinical validation rules for covid testing and this product being part of RTC there is no doubt about sensitivity and specificity of the product. With winter coming up now tests like these are desperately needed for public use. Once MHRA news lands it can sky rocket.

from the same FT article -

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https://www-ft-com.libezproxy.open.ac.uk/content/0a4cff56-3d78-41f4-9ee2-1e9aada83a79
"
Chrysaor, which was founded in 2007 and produces 200,000 barrels of oil a day, is not interested in acquiring Premier unless the debt is restructured, according to a person familiar with the matter.
"
I think a bid might come at some point or the debt will be restructured so looks like PMO going insolvent can be forgotten. wonder what HappyInvestor thoughts are on this?

wow Samson! You will be a millionaire when this goes £1+. Even if it takes 2yrs to reach £1 you should hold after all these years of your patience!

Here is today's article about BT rise -
https://www.ii.co.uk/analysis-commentary/chart-week-bt-now-poised-major-rally-ii513460?utm_source=newsletter&utm_medium=email&utm_campaign=Afternoon_round_up_newsletter_140920&utm_content=newsletter&spMailingID=10523086&spUserID=MTQyNzM1ODYzNjg0S0&spJobID=1591318571&spReportId=MTU5MTMxODU3MQS2

what the bloody hell that TD is waiting for the rights issue price? Just throw a number and we can move on isn't it? Had he set it at say 20p atleast that would have been the bottom. Or atleast announce that rights issue will be next year and do some negotiation with BP to do the take over of their sh** assets next year. Atleast that would cheer up everyone. Don't know if PMO is waiting for POO to go up in Q4 but how high can it go in Q4? Just announce the rights price soon and remove the uncertainty.

There seems to be lot of buying today. Dipped below 38p and was back up quickly. Just need a good RNS to send it to new highs.

once dividends are announced, should be back to £1 easily.