George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
HM - good point. Seems to have been overlooked by a few!
At 2.65p, or am I being obtuse?
I'm wondering where he is? Surely he will return imminently!!
We may get an RNS confirming a farm in partner. That would be good.
We may get an RNS advising talks are ongoing and are promising. That would be ok.
We may hear nothing. That would be not so good.
We pay our money and we take our chance.
Meanwhile, we hope the Spireites beat Leyton Orient on Sunday and progress to the FA Cup 3rd round. A couple of years ago we drew Chelsea at Stamford Bridge in round 3. What a day out that was!!
Have a good weekend everyone
SF.
MR, fully agree. I've taken my time today reviewing posts from those whose comments I respect. Just added 25% to my holding at 9.56p, bringing down my average a tad. Quite happy now to await developments in next couple of months.
Have a good weekend everyone, let's hope the Spireites make it through to 3rd round of FA Cup!!
SF.
I reinvested last week, been following the share closely for a long time, ever since I sold out after Perserverance. Missed the bottom, bought at .1035p.
1. I am not a troll!
2. I lost a lot of money in the ill fated Bahamas fiasco.
3. I have recently bought back into CEG.
4. The company's aspirations for T&T have not been met. Production targets have not been met, large amounts of licence fees outstanding which allowed Predator to buy CM on much better terms than originally proposed.
5. Uruguayan waters do not contain any proven oilfields. It is hoped that they may do.
6. So while I have invested more of my hard earned, it comes with a huge risk.
7. This is AIM, the equivalent of the Wild West of indices.
8. If you are contemplating an investment, do not take notice of anyone on this bb, me included!
In4, thanks for responding and your view seems to coincide with mine. CEG had their backs to the wall and as a result Predator did as their name suggests and cos they had the cash negotiated a better deal.
Does anyone know how much of the Cory Maruga proceeds were used to pay overdue licence fees. I understand the deal had to renegotiated because T& T authorities demanded full payment, hence Eytan gave up buyback clause in exchange for higher upfront payment.
Despite reactions to my previous post, I'm positive about Uruguay. Have returned to the fold and bought 2.5 m at .0135p, which unsurprisingly is showing as a sell. There's no fool like an old fool ....
I'm not a troll but neither am I blind to the risks. I've met Eytan a couple of times, at a BPC AGM and while on holiday in Africa. He was always confident and persuasive, even up to the day when the drill went wrong and the Bahamas adventure ended in disaster for all concerned. For years a farm in partner had been predicted but none arrived, hence the death spiral financing and the ultimate losses to all concerned.
Eytan kept his highly paid job and indeed was promoted. He has kept the company alive and Uruguay has factors that are different to the Bahamas, namely the presence of other major s in the region. So hats off to him.
However, the story of potential partnerships is not a new one to former BPC investors. This time it appears to have a better chance of attracting investment, but the directors (including Eytan) have previously talked up the company (that's their job) only to disappoint.
Soo everyone should be very cautious about what is a highly speculative investment . GLA & please, DYOR.
While the delay in Morocco is frustrating, the deal in T&T has been significantly enhanced. The money owed by cash-strapped CEG to the MEEI for licence fees was a potential dealbreaker. As we are not cash strapped, we were able to come up with a solution that CEG could not refuse, despite the loss of the buyback option. This has clearly taken a great deal of negotiation from our very small SMT. Hopefully, in the longer term, it will prove to be time well spent.
CEG shareholders referring to revised deal as good news for PRD. A lot of criticism that their Board has negotiated future earnings away. CEG shares down.
Or within 3 days...?
Apologies. Meant to type "unpredictable" not "unprofitable"!
Doc, fully agree. Everyone must remember that this is AIM, the Wild West of investment trading. However, given that we are attempting to do business in Mongolia, which is arguably more unprofitable than the Wild West, the risks should not be underestimated. However, the rewards should we succeed, will be spectacular.
....and confidence is growing. More and more people will get to hear about PRD and encouraged by the excellent research of key contributors will conclude 20p, 25p, 30p represents a huge opportunity to invest.
Credit Rating Aa3 Moody's
Full employment
Negligible external debt,
Low crime
Well funded public schools
Beautiful scenery
Extensive sports and recreational facilities
5G
Extensive air and sea services
Come and see....!
CG - Thanks for posting this. A very interesting read and recommended to anyone who is thinking of listening to TW
We need confirmation of the costed plan that will result in the oil flowing and income accruing. That will calm the nerves.