Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
A handful of trades, the largest was worth about 14K
This funds value has barely remained static over the last five years. I finally sold my shares at a small loss after holding for a number of years. Trading volumes are very low and there is no sign of the NAV discount reducing.
This stock is hard to understand. The share price is lower now than it was in 2016, and the results and broker recommendations seem to imply that it's up to 40% undervalued. So why would an investor believe that this valuation gap will change in the future? Large institutions and pension funds just don't buy into oil and gas stories anymore. Maybe it's time to take the LPG/Oil business private and rebrand/refloat the remainder? That would certainly unlock the value for existing shareholders.
Total waffle - I didn't think they could outdo the last RNS but I was wrong.
The ordinary retail shareholders are irrelevant to PVR as they have been diluted out of significance over the last ten years. Who knows, they might even get more diluted soon.
Whatever about oil expect to see plenty of hot air pumped!
The various Sinn Fein energy related policy documents seem to indicate that they are completely opposed to any fossil fuel exploration. If/when they get into power the best providence could hope for would be some compensation for the licenses.
It's simply mind boggling to think about the lack of progress on Barryroe over the last ten years - yet nobody has ever been held accountable and the show just keeps rolling on. At this stage it's most likely that regulation will finally end the sad saga (and conveniently provide the ultimate "get out of jail card")
It was certainly one long winded RNS which really said nothing new. Still, at least they didn't tap the shareholders for another fund raise but I guess that's only a matter of time. Someone has to pay the bills and it's not going to be the recovered oil or gas any time soon.
It's a pity that the barryroe opportunity was not urgently driven to conclusion in the early 2010s before the climate change agenda became mainstream. Its difficult to believe that new fossil fuel production sites will be tolerated over the coming years. The brainwashing of public opinion is almost complete and future governments will not want to be seen supporting any energy related activity that is not politically correct. This will be especially true for a country like Ireland which always tries to excel at virtue signalling.
I think they let the retail punters get involved in the last raise/dilution as far as I can remember
There was a short article on providence in the Sunday Times yesterday about Alan Linns departure - wondering why he would quit leaving 15million share options on the table at a strike price of 4p
Most senior executives would have termination clauses in their contracts to protect against an untimely departure. I'm sure that would have to be reported if it was the case.
It's certainly very strange timing that 40M+ shares are traded the day before the CEO quits
Look at the facts regarding this company over the last 10 years and then weigh up which view is more realistic. It's been one mess after another. I naively invested in this company years ago and still hold some shares - believe me I would love to see something that would allow me to have a positive perspective.
The fact that some posters express a more realistic viewpoint as opposed to pie in the sky nonsense does not mean they are all "TheShen" posting under different aliases. I'm certainly no fan of TheShen and I did not like the way he tried to totally dominate this board with repetitive negative comments. However, I believe that I am entitled to express my opinion - or maybe you think this message board should only allow the true believers to testify!
So the never ending PVR soap opera continues. Obviously not a sniff of funding in the works if Linn is off. How long can this farce keep going?
This was an off book on exchange transaction, most likely a pre-arranged transfer of stock. It all depends on who is picking up these shares.
I cant understand why they still maintain dual listings for these shares, given the average Dublin volume is worth about 6K/day and the AIM daily average is worth about 10K/day
SF’s position: "we believe that we are in the middle of a climate crisis and we want to see an end to oil and gas
exploration. Anything else would be climate suicide" (https://www.sinnfein.ie/contents/54392)