RE: More carrots than my local market28 Jul 2021 12:13
thechancers, you have been around a long time and I remember the days when you were one of the positive crowd on here. I understand that you were disillusioned and you are entitled to be negative on a stock that you are clearly disappointed in. I might disagree with you, but the only posters here who are being derided are the newcomers with no apparent history in the stock and no apparent agenda other than to sow FUD.
There have been posters who have posted reasoned negative views. Where that happens they are welcome because balance and counterpoints are required. However, you have that, there needs to be substance to the post.
In relation to Ron, the error would be assuming that his actions are solely those of a rational investor with no other influences. I cannot discount this is a possibility, but nor do I see any reason to suppose it is more likely than other scenarios. For example: He is leaving for health (physical or mental) reasons because he cannot continue and needs the money to support retirement. He simply needs the money now for financial reasons and has no choice but to sell. He may have been pushed and has acted irrationally and emotionally by selling up as an act of revenge. Any of these are possible, but we dont have the evidence to know why. Yes he got out for a reason, that goes without saying because few people truly do anything for no reason. However, we do not know that reason is some hidden negative or nefarious event which will effect the value of this company. That is pure speculation.
As to the Arato deal - there has been no substantiated allegation that any person behind PRD in any way benefited from that. I did post earlier, that there has not yet been very significant money made. Arato poured money into PRD, they got shares cheaply and they made perhaps 20-40% (pure speculation from placing prices) by flipping those shares. It is highly unlikely that any person behind PRD would have got a sufficiently large proportion of that to cover the diluting effect on their own PRD shareholding. All the while that money which poured into PRD has enabled us to obtain and explore Morocco. I am someone who thinks Morocco has shown very good promise because I have taken the time to try to understand the data published, very much helped by other researchers on this board. I believe Arato, whilst painful, were net beneficial to this company whilst allegations of shady arrangements appear improbable.
As to Theseus, it was neither hidden away nor unusual in its arrangement. It was declared in the original prospectus and confirms that PG has more skin in the game and alignment with PRD shareholders than his shares alone demonstrate.
There has been no material impact on the likely BOPD production at T&T. What has happened is a pause in activities as a result of Covid. This isn't the first time, and last time it negatively affected the shareholding I piled in bringing my avg down by purchases and
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