Member Info for WaffenBurret

Stas20 - Funny.

This is the PRD bulletin board.

In answer to your nosey questions about my portfolio, I reduced my holding here because of the lack of clarity regarding the delivery of the coiled tubing unit which, we are told by Predator, is ‘required’ - as per the RNS 30th Aug - before flow-testing of the MOU’s can commence.

The RNS said that we were to receive an update once a schedule had been confirmed for delivery of necessary equipment.

It logically follows therefore that no flow testing has been carried out because we haven’t received an update about delivery of the coiled tubing unit. I try to skip over the waves of unmerited excitement and avoid being fleeced by sharps.

However I did wait until the market was closed before asking a pertinent question as

I didn’t want to undermine the game so, I reduced my holding again today to avoid likely disappointment on Monday regarding the flow testing.

Maybe I will miss out on an announcement about a sale, or a JV, or an apology for not correcting the contradictory statements to shareholders, us, who are financing the venture (hence no company debt) . But I think the odds are currently low as all still depends upon the data derived from flow-testing.

GLA.

“ but who really cares!!!! ”

EuroChamp6, I should think anyone currently invested in PRD “really cares” whether or not the flow-testing has started.

It affects the share price, you see.

While you’re here, do you have any useful information to add about the coiled tubing unit ?

We need that in order to begin the flow testing. The last operational RNS, 30th Aug, states that we are awaiting an announcement for the delivery schedule.

WB. .

*”The coiled tubing unit”, which is “required” for testing. Therefore we can only conclude that flow testing has yet to start.

WB

Meanwhile, Plenty of money to be made here in the traders’ foothills before Christmas (to help with winter fuel bills perhaps).

Talking of animals, ‘Schrodinger's cat syndrome’ - is a pumper’s paradise:

The coiled tubing unit is both there and not there. Lol.

Paul needs to open the box and furnish us with an update. I wonder why he has not.

And why the company has not responded to direct enquiries regarding specifically this uncertainty.

Meanwhile likely £16k profit “Been has been” nicked off the table around midday, early afternoon, (Look at the trading data and judge for yourself). 1.5M+ shares dumped during a mini pump for potentially c.10% profit.

Good work!!

“Zulu resumed operations with material fed through the newly installed and commissioned mill.”

: “fed through” not “feeding through”

Meanwhile (My caps).

“In the event that revenue generation is delayed for ANY reason, the Company may require further funding and, if the Company is unable to obtain additional finance for the Group's working capital and capital expenditure requirements, a material uncertainty may exist which could cast significant doubt on the ability of the Group to continue as a going concern and therefore be unable to realise its assets and settle its liabilities in the normal course of business.”

“Further updates will follow."

I bet they will.

Perhaps an HL glitch as now back to 0.75 - 0.9

Odd.

Interesting to note that in the last hour the buy/sell spread at Hargreaves Lansdown has widened to 0.60 - 1.10

Presumably based on derivative/ CFD/spreadbet market?

Every one of my buys marked as sells - dumb algo can’t handle volatility at all.

…..For now.

My Lowest buy today @ 59p.

Not the lowest but happy with that.

Now we can relax - decision made.

Welcome to the idiots’ club. Lol.

Can come out of suspension any time at the discretion of the BOD with. Agreement from FCA.

You called it well Roger, hats off to you.

Neil, focusing on final price movements.

Dumped some earlier at a loss, ouch, but bought back lower.

I’m in for the duration one way or another.

Have a sneaking suspicion about timing and content tbh.

I’m sure there is still value to be had here.

All best to everyone - as no one likes to lose.

News is news. A withering description of whatever may be going on.

As stated yesterday, this is the most difficult period during which/if to hold.

Thanks for that response and clarification Kn0wles.

It was a comments from JStandMick regarding drilling that prompted my question:

“Maybe a stupid question but having raised just under £9m why can't testing (rigless) and drilling happen concurrently? I'd just like to know. Call it idle curiousity.”

Another wretched question I’m afraid:

I wonder if the delay in drilling let alone testing has been affected by this:

“– There is a current global shortage of oil field tubulars (casing) due to the Ukrainian conflict. 

– Casing prices have increased >50% with all grades in short supply 

– Production tubing prices have increased by >30% […] contracting the rig will occur once there is certainty around casing supply”. *

* presentation, Aug 8th from another aim listed co.

Any thoughts on this?

So I thought it was worth a repost. The thread was taken down due to petty infighting between factions on this board attempting to either influence the price or satisfy their egos and the rest of us have to put up with it.

The Delayed JV.

The final delivery of the Anglo/Arcm JV is out of NvS’s hands right now.

Talks are ongoing and I suspect there are compromises to be made around the percentages of remuneration returning to Zambia, either through agreed taxes or other forms of compensation - infrastructure deals and employment terms.

Both sides are under Government pressure, the West desperate to fulfil its carbon reduction commitments and Zambia keen to keep its ‘open for business’ policy intact. Representatives from UK, US making flash visits or releasing positive infrastructure investment programmes in Africa, all part of the negotiating process.

Poor little ARCM will have to keep in line but will eventually get across it - for all our sakes.

No information policy until agreement reached imo. We may be waiting a while yet but national voter pressure will focus minds on both sides resulting in a deal with the necessary concessions.

So Patience is required as usual.

I welcome for any constructive criticism, even from the bandits.

But Pls leave your egos at the door before entering the room.

GLA

Sorry, couldn’t resist.

Everyone holding (or not) has a view but no real knowledge beyond that.

So agendas have driven a few comments here - not only this morning.

Today is going to be a high volume day, though nothing akin to the madness in July when 120M+ shares changed hands (many resells resulting from panic-trading no doubt).

I wonder if a TR1 will be announced (after suspension).

Anyway, the point of the title of this post is, no one is saying it will definitely be the national lottery, but it could be…. But some here are adamant that it definitely will not be, which can not be factually correct. False also to say the Craven got the boot. He actually received praise for his work achieving the acquisition of the licence to run the lottery from Feb2024.

His departure was, most likely, agreeable and I’m sure he remains on good terms with the new CEO.

Not enough time for Allwyn/Camelot to mount an IPO. But still enough time to reverse into a listed shell co.

As some of the conditions of that agreement are undisclosed still, it is probable that they need to list in the UK as part of the deal.

. As a subsidiary, there is scope for an AIM listing as Camelot is within the limits acceptable to AIM.

Enough about the lottery. If not, then no doubt as Golfdinger states, we have a good track record in our new Director(s) which is not to be taken lightly. I wouldn’t be at all surprised if they have read and chuckled at a few posts on here either. David has only been working part time at present according to his linked in profile since stepping down from Allwyn.

One wonders therefore what he might have been doing with his other time.

Pure supposition to suggest that it was a rush job to acquire control of ITS.

I’m hanging around and have continued to add today as is the last chance to do so.

GLA.

Holding fast. Decisions made.

Silence is a vacuum. Market makers happy to take any you wish to sell right now.

GLA.

Camelot actually. As per earlier quote.

The problem is that the BOD are not quite doing their job though as there is no sign of rigless testing commencing, yet alone completing by end of this month. (Two more days). We have yet to receive a schedule for delivery of the necessary kit to carry out the rigless testing.

They went to the trouble of releasing the good news that operations were unaffected by the recent Moroccan earthquake. Why the delay then?

We await an official explanation. Not unreasonable to expect an update for shareholders who have stumped up the funding through dilution.