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20p Good premium to current SP However a cyclical share and DES whilst not flush with fluent green do have a good position in that agreed progression is needed from all I don't like phipps et al, but he does have a canny way with money Wait till PMO start an indication plans (August) and see where DES is then
What is XEL trading at per b reserves? What should LHD have bee trading at using the same logic or IEA, FPM etc etc etc etc Currently overvalued against its AIM peers. Whats its tangibles?
Really? on 2d and lacking a trap I will give you that it looks to be less than cash at the minute, but there is a reason for that at least its not over hyped like PMG
Tripping ha ha Mine will be sold before pmg see 18p
Should PMG is the one being diluted I voted against, but I still have some cheap PMG shares to sell post the 26th :-)
Not until 26 July 2013
This BoD are trying to push the fact that £ may be needed for a further well. What was LHD's costs for the 1st 4? £2.1million or around 1.5months of current income. I don't care about the other plays and neither do you PMG holders
Its there to see Re your calculations - Its there to see PMG offer was low Have a brief look at the Athena Final Report and the NPVs http://www.lochardenergy.com/attachments/article/77/Lochard_AthenaFinalReport_20120707.pdf Worst case 2.5mmbls = Field life @ 6 years, income over that period £108million Best case 4.4mmbls = Field life @ 11 years, income over that period £198million Still think the PMG over of P/E 1 was good?
I remember you from Fogl You wouldn't listen then either Ask yourself this Why would Henderson put an employee on the board of a company then run the Co down? Why would PMG / Henderson benefit from obtaining a profitable Co on the cheap Debt is part of business, debt in early stages is expensive Will the debt be paid off? - Yes Would LHD benefit from being part of a larger group? - Yes Would LHD benefit from being sold cheaply to an over priced AIM oiler - Nope Would LHD benefit from being sold to someone else - Who knows Wouldn't surprise me to see a WK appear from somewhere now
As you seem keen on Trap Oil Note this: Trap state that their 15% will give them monthly income of £2million and they expect to pay back the total amount spent in purchase in just over 1 year. Still think the offer is good? Additionally IAE state they expect the full amount to be produced - May need another well for the p10 figs, but they are cheap What are the p10 figs BTW?
I am from t'one that dosn't like snake oil sellers Shropshire :)
So obvious the offer was low, hence your all here, like double glazing and kitchen salesmen desperate to convince and tclinch thier commission. The sudden appearance of a raft of pmg holders, says more than anyone could
I doubt dilution further too - However, some will come without ££ generation It will more than likely be a loan / farm outs - But as Id'd here, BLVN, RKH, EME, etc etc etc - Initial development loans where no income is attributable are costly The income from LHD will enable a stronger negotiation and better deal - Thats one of the reasons (As well as being 25% below minimum value) why it needs to be increased Much of the annoyance displayed is due to the underhanded way this has been done - AIM is dirty the BoD here have been after selling this cheap to PMG for their own ends since day 1. Shareholder revolt has just started and people are starting to see the gaps in the figures and progression plan they are quoting
A chunk of that goes on LHD (Maybe - if the offer is increased) But yep, nice to see some interest !!
2
Its his job to sell theCo - Would he really say we are worth 22million (Which is all is accounted for in the last set of tangible figures) Until an oil field is producing its just HC's in the ground waiting for contingencies to be completed - How are PMG going to fund that development and further appraisal drill BTW? Contingencies are not always completed and licenses are lost - Do you really think PMG can support the development of all tey have won via dilution and director loans? Look at a fav of mine LOGP - How much oil do they have waiting, and whats the SP? PMG is valued on TCs track record - There is nothing else to value it on bar hope amd 250bls per day LHD is valued on a P/E of
Touchey or touchy? Keep on trying kiddo - one day you may make an investor rather than a dreamer Just normal AIM fodder, chasing the emperor's new clothes
I am I am also upto speed with the way the current BoD have missed key information off releases, aimed to paint a negative picture and have spooned TC I find it enlightening how holders of an over valued Co with no income can comment on a modestly undervalued Co with income Its not going through at that price - dream all you wish
What money?
And whats the spread? Why post, unless your post is worth the time