Wobble Over14 Mar 2024 21:33
Must admit to "a wobble" based on reading the "raw" presentation this morning, but having come from the event I'm back on firm ground, key take-aways
MOU-5 on track as per previous guidance
#4 NOT awarded expected mid-April "no problems envisaged" PG in Morrocco from Mid-April as well,
Testing results (SJ) realistically May (my opinion)
Logistics into Morocco and general equipment availability a nightmare (cause of past delays and probable future).
“LSE valuation of PRD horrendous" Challenger (another company presenting tonight) in same boat after their “block buster" farmout.
Literally from today’s poorly (by LSE) received presentation -10% SP, PG will be looking at a Private Equity approach to unlock value.
Note to self-wait for testing results SJ and/or MOU-5 before making any investment decision, don’t listen to some of the drivel written by Noddy’s on here.
Even if delayed, fully believe PG believes they'll achieve decent follow rates and volume.