Member Info for Tacotaco

On December 15 i sold my 90,000 shares at a 70% loss at 21p and put the cash into Uranium stocks. Doubled my money since... still 30% down from initial PMO investment. But looks like uranium increase will outpace PMO .
Just showing off a bit here... but been refreshing.

Sold half my position at cost after 2 years of stalemate...much better options out there.

Coz salary and bonus aint enough to pay the bill in the midst of a pandemic... haha

this has been a bargain share since 2015... cmon move!!

...from this update is is Free Cash Flow of -$5m (negative) only, in one of the worst and volatile years ever... this is all that matters.
This should be back to being a cash cow with stable prices!! everything else will be a bonus!!

Where the hell is Hawkey??!!

Ditch PMO invest in uranium, the best ESG play out there.
U can easily make up your losses and go for a multi bagger...

I’m very disappointed in u Saurkraut boy, defaming people u don’t agree with using words like trumpist/conspiracy theorist. I’m was expecting better than that from a ”bright” mind (arguably) like urself... I tend to call this the epitome of liberal stupidity... not that the other side is much brighter.
While u sip on ur bourbon or avocado latte (probably the latter) I’d like u to think about life as more than the red pill and blue pill up have been presented to choose from by ur great leaders. There are many pills out there, many of which independent thinking pills (again arguably) and don’t be a d*ckhead.
Much love and burritos.
Taco

i really wasn't expecting a different answer from you on this... sense of humour top notch mate haha

Don't be a lazy bum Beefboy

How does a CFD work??

Been waiting for this awakening for 3 years now with 55% of my portfolio in Uranium... looks like his one's got legs tho.. unlike the previous once in 2017 and 2018.
Next upwards driver for equities should be Spot price (after January) followed by ESG mania in the medium term...

MTrading ... PMO's current market cap and SP are currently irrelevant to what the value your investment will be when the merger materializes.
The value of your shares will purely depend of Harbours valuation...
So the simple answer is you might get lower or higher value for your shares in the new company... its pure speculation.

MTrading... you mean the same amount of share not "value"

correct jono, but that what you get when someone else pays down your $3bn in debt...

True Smalltrader, upside no doubt, provided improvement in oil market continues... but we need to determine from what starting point? Lower that 22 or higher?
We'll only know that once Harbour's valuation is out.

yea i've seen that Good mann but not sure what it translates into determining What harbour is worth...
will they receive $4bn tax credit in cash upon merger (most probably not) or will it some wot of deferred credit that they would offset against other tax liabilities or something?
what are the debt level of Chysoar?
does that $15pb include all in cost including maintenance and growth capex? (most probably not too)
also what are the expected cash flows .. thats what would determine equity valuation and not cost of production (you can have amazing P&Ls but negative free cash flows).
So too many unknowns to determine value of Harbour?
Having said that, im not saying Harbour is a bad company, but PMO is disadvantaged in terms of valuation.

today PMO is valued at £200m or 22p per share.
Lets say our 5% is worth £200m in Harbour... this means Harbour will need to be valued at £4bn for PMO shareholders not to lose money from these levels.
at a market cap of £8bn for example, PMO shareholders could be worth 44p today.
So the question is... is Harbour worth £4bn, more or less?

No one know... depends on Harbours valuation... and given that harbour is privately owned, there is no info on the company's financials so you can not model the merger to extract a valuation.

let say the new Group is made of 1,000,000,000 shares priced at £1 each (so the new group market cap will we worth $1bn).
All PMO shareholders will need to share 50,000,000 shares of Harbour, proportionately to their ownership in PMO... so if you own 1% of PMo today you'd be owning 500,000 shares in Harbour or 0.05% (worth £500k) if the new Group.
Until now, no one knows the value of Harbour, so no one knows what your shares are valued for in the new Group.