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market is crooked, Down yesterday due to broker and up today on no news. bad luck for anyone selling yesterday, keep the faith

You have your wish morbox, 190, didn't expect this today.

How comes that i get a mention Syngeonsmithe ;-) i am still looking in the mirror from yesterday thinking how lucky my wife must be married to me

last week i sent Paul Griffiths a email asking him a few questions regarding recent delays in Trinidad and also the fact that people were not happy regards no news on the Rig in Morocco and delays.
This morning i received a reply.
First of all he said that Prd was a small management team focused on keeping costs and overheads down and seeking to develop our business plan based on nearly 100 years collective experience as geoscientists, engineers etc. In addition management is still the largest shareholder in the Company and has put in more physical cash than any other single shareholder. It is not possible for us to regularly respond to the huge number of emails we receive from many different sources during the day-to-day running of the business,. To do so would be to impact the potential to deliver our projects.

My main question was the 1 year delay on the C02 project
Nobody foresaw that Petrotrin, the State Oil company, would go through not one but three re-organisations to create the new state oil company Heritage. Each new entity had a different Board. Each Board had to be presented with the CO2 Injection Plan for approval. Once we finally got to the last Board, things moved quickly and injection commenced in January and was announced. Given this we are now cautious about our announcements and timing thereof.

we are getting reports of delays in Morocco with the Rigg still on another job and some investors expected a RNS giving us a update, But failed to arrive and some investors are now selling out and moving on which is now effecting the Share price.
There has never been any delays with the rig and this was confirmed by yesterday’s announcement. Very disappointing that you should even report this as clearly this was a mischievous rumour. SDX as updated the Market on their progress and that has been phenomenal. Clearly there is somebody out there who has absolutely no understanding of the business.

Hope to hear from you soon and looking forward to a bright future with Predator oil and gas.

As the largest shareholder management is absolutely aligned with that sentiment. Patience in a very difficult global environment is warranted right now but the Company is now in a period of up to 6 months of potentially transformational activities which it took 18 months of careful plodding to achieve against the volatility of other institutions in Trinidad and the unbelievable administrative burden of having to produce a 250-page document for UKLA prospectus purposes. Trust me this was a time-consuming nightmare in the current EU-dominated regulatory climate

Hi, It was me who said that many of us are sitting with a 6p average, Always tempted to buy more , But need to sit on my hands until we see positive news

I would like to think so, IF and i hope IF , we get over the £2 mark, i will put in a stop loss for 50% of my holding , If i deal comes in from the USA, I want to take max out of it

results are a week today Wednesday, 26 February 2020

Indiscipline, You got your post spot on and i just wondering if JD has had a few lessons on getting interviewed because he did come across verbally better and i mean a lot better, My only issue is with JD, He keeps on dropping in names like andrew house and the west coast, None of the other advisory board members have raised the SP, So why should Andrew house, I do have a interest in Bids, to be honest, I want to know what they are doing to address the issues of making sure that they are getting paid for the in game adverts and the tech is picking up everything, Because its clear that a lot of the adverts that people are seeing are not getting recorded.
The cash burn is a concern, 18K a day compared to £900 a day revenue.

like i said in my last post , We need to know what the funding deal is going to come out at and how much will they need to raise is a big question, I think they need a good 10m to be honest, cash burn will only increase and the last thing that investors need is for bids to go back to market for more money.
At the moment , Bids is a traders play ground which is open for all to see.
The next 12 months will not be easy no matter what games they sign up to, its the tech that needs sorted in order to start making money

Morning morbox
Like you , i am going to average down IF i can get to break even at £2. Good luck and also with Bids

I think most of us long timers have a average of 6p, i bought some more on Friday and i should buy more, but i follow a strict rule of not over exposing myself to anyone share

Thank you for your reply martbmth.
I just wonder what would have happened if the news came out in January, the news was rushed through to protect the share price, great to note that JD knew that he has let his shareholders down by over promising, yes I do believe that bids will be massive, I side in with a lot of you, it's just the volatility of the share price at the moment, people bought in because of the hype of Andrew house who now has 5 jobs at least, so he can only give bids a very time amount of his time, check out https://www.linkedin.com/in/andrew-house-54b9bb144. His main job is with Nissan .
Regards the share price, it will be volatile until funding is done and then bids will have a clear path and I am sure that there are lots of investors waiting to buy into bids. Right, time for a walk in the country side.

JD keeps going on about that he had to rush the up to 10m deal though which appeared the day after the profits warning.
Question, why?

He also talked about the deal that never happened which he still goes on about.
He states that this was the reason why the mid results were late and hoped that he could put the new deal numbers into the mid year results, anyone who knows business will understand that you cannot but any numbers into results even if the deal was done on the Friday before results, but he did announce the one new deal.
In results, you should only be talking about what has happened over the last 6 months, but acceptable to talk about what effects of a new deal going forward.

To the poster below who states that bids still have 3 million in the bank, you will find that it's now a lot lower since bids is burning 18k at least a day.

Regards Andrew house, how many other companies is he involved in, these people are just names, a lot of directors of companies have more than one directorships or roles in other companies, seen it before, yes he will try and advise bids, but he is not 100% into bids, if so he would be giving bids 100% of his time.

Anyways, question, why was it important to get that deal done on the day of the profits warning.

How do the private investor take part in placing?

Sorry count, after reading your childish comments , i was forced into replying, So much about filtering me by the way.
Honestly, you do put yourself in a bad light, not open to debate but to filter people if they are not a bidleaver, How many spies do you have in that camp lol, that will get you paranoid.
We have no control of the share price, My advice to anyone, do not fall into the trap of getting over exposed , 3% to 10% max is my golden rule depending on risk.

33 minutes of my life wasted listening to the Ramper.
I believe that the video was done to lure in new investors for the new placing.
He talks a lot of what could have been , well i could have been better off if i had sold at 36p and not at a loss at 12p, But least my average was approx 16p, So it could have been worse.
Still a long way to go for Bids, But as each day passes, so does 18K of burn goes out of the bank account with a revenue of £900 a day.
This company will take time to build, It was over ramped last year to say the least and thats why we now see a share price below 8p, Until funding is done, the share will be manipulated by market makers and traders , its not normal to see shares rise 20% in a day, Its only going to fall back again.
BTW He said that Andrew would be doing just 1 day a quarter, Rolling his selves up lol It takes more than one person to make bids a success and he should not be using someone's name like that, I would expect everyone on the payroll to be working hard.

Good luck , I will buy back in soon, in the mean time , i will leave you all alone

I am trying NOT to comment on here no more!!!!

Is it just me or does this sound childish, Sorry I am trying not to post on here no more, I have voiced my points of view but i will buy once funding is done, But come on , Counts post just makes you want to say something.
Picked up a few more today..very soon I think Bids will taking off with a full payload from the Bidleivers runway.
Boarding passes please.
Gla and remember to filter the non Bidleivers.

If these sells are from people who have just bought them after the placement, Then Brokers should be more careful who they contact to take part, they are suppose to be investing in PRD, not trying to make 5% profit

Regards BODs buying shares, I am not sure how well off Paul is and if he collects a salary, but Paul is deep with his money in prd, so I would not hold it against him if it's just other BODs buying shares.

Predator Oil & Gas
Predator announced on Friday that it had raised £3.56m through a placing at 4p which was ‘significantly oversubscribed’ by existing shareholders, including management as well as new entrants to the register. Predator is now in a very strong position indeed, it is fully funded for the drilling of the Moulouya well onshore Morocco which it is now ‘rapidly progressing’ towards spudding and able to get a hot rig from in-country saving time and money.

In addition it will be able to upscale the potential for profits from the CO2 EOR project onshore Trinidad as well as earmarking some cash for general working capital. Raising the money and going ahead with the Morocco well also facilitates the earlier return to the company of the first $1m of the $1.5m Bank Guarantee in place with ONHYM after completion of the drilling operations.

Raising this money is a significant achievement in this market and shows that investors are prepared to commit funds to companies that are leading the way in areas such as CO2 EOR which in Predator’s case could be very substantial indeed as they upscale the project. Equally so, if successful in Morocco, where they have a large number of prospects, they would be supplying a domestic market crying out for gas and paying top dollar for it with help from ONHYM and maybe also a farminee.

This raise was done with modest dilution, something management takes very seriously and on this occasion believes is justifiable on the basis that this ‘transforms’ the company’s finances and allows it to pursue a very low cost, attractive value proposition in Morocco where the prospect is very large as well as accelerating and thus potentially delivering scale-able profits from the CO2 EOR project. This gives Predator considerable appeal against its peer group beating a number on commitment to ESG and will come out sooner rather than later as the greenest of the E&P stocks
https://www.malcysblog.com/2020/02/oil-price-predator-sound-far-and-finally/