Member Info for xk150

May I respond again to Rhambo. I am not a high poster, i note you are in the thousands. From those I have read I cannot determine if you hold Petroceltic stock or just like commenting. I do, and my holding may well cost me £25,000 but, and it is a but , I do not believe that this company has a worth of 3p! In my opinion, WV just want to buy on the very cheap. Well, they will not get my shares. I am aware of the Debt PCI have and can see problems in the immediate future with such a low oil price, however, with a fair wind, and much luck, others may well see more value than is being illustrated in the WV offer, afterall, the company has some attractive activities and potentials, not least Italy. They just need to find a way to go forward in the months ahead, because, in time, I do not know when, the oil price will start to recover. A good Hold for me.

In answer to Rhambo, perhaps it is because the price is already too low when compared to the long term value. Too many willing to talk down. If the Banks can continue support then we will see a more realistic value emerge. The Algerian asset has a value, some would think, of at least 40p so, as long as World View are stopped taking our company for fire sale value, we may yet see value from better bids. For me, having been in for 10 years, I am staying to the end...or should I say the new beginning?

I have been a shareholder forever 12 years, almost exiting 8years ago when most shares sold for good profit. I heard some back and have built back holding. Sometimes you just have wait for the better days and I now think they are not far off. It is frustrating to have no news about the mining application for the new zones but perhaps recent movements up are indicative that there may not be too long to wait. The recent directors purchases are a good sign as is the reducing Zinc stocks. Stay with Griffin and perhaps we will be justly rewarded.

A good result today at EGM and one with a good majority in favour of the Board. Now let's get on with building share value. I hope the new Board will recognise that shareholders may have supported them today but now they must deliver value otherwise many will not be so supportive next time.

Just read a note suggesting that perhaps Dragon Oil may still have PCI in their sights. Any future approach, not before March, would likely be at a lower price to allow for the current oil price. I only hope that the board, following next weeks meeting, will have our best interests in mind when considering any future bid, should one materialise . A good reason to have Very .. independent Directors on the Board!

Would it matter? They have such a large holding, perhaps purchased at much higher prices, that they would not sell if there was a loss involved. I, for one, have been uncomfortable with one shareholder holding so many shares and to see them dilute would free up shares for others. The rise this morning is all the more encouraging. An interesting time

Following on from my message on Saturday, I have received and read the Worldview circular and am stil of the opinion that we should support the Board' resolutions. I will not be changing my voting.

I have been a shareholder for 10 years, through the ups and downs of PCI, and there have been many downs. However, putting aside all of the negative messages I read here, the company has achieved major successes over the years and is at a major point in its development. Yes, the loss of the bid offer was a blow, but remember, a bid was made which must illustrate that PCI had value and was of interest to Dragon, and thus the Board had positioned the company well. I have read through the EGM document and it is clear to me that shareholders should vote for the resolutions put forward by the Board. In particular, I think it important that new Independent Directors are appointed and that the new board is well balanced and represents all shareholders on an equal footing.. I have already voted for the Board's resolutions and suggest others read through the document before voting, and consider doing the same. . PCI, and thus the board, have a world class asset, and one that will bring increased value to all shareholders in time. The other assets, not least Italy, could also add value, and I like others, have been frustrated by the delays, bought about by the reluctance of Italy to see such projects move forward in the light of the Gulf problems In my view, if the vote goes in favour of the Board, the message will have been received and going forward, we should see progress towards better share value.

I agree, management has not been inspiring of late and their investment in Spitfire was a poor one. I hope that the decision to invest our money in enlarging the company's share of the mine will reward us all. I have been a long term investor and been in and out a few times. For now I Am looking forward to better times and will definitely hold for the time being. Under valued as I see them.

At last, some movement in the right direction. The shares are due a good move forward and this should happen once the full year's results are in. I have held Griffin for some years, taking profits a few year's ago and building back as the SP dropped. Although the decision to buy out the Chinese partners seemed somewhat at a high price, their ventures elsewhere were not so successful so, perhaps an investment in their own mine now seems to have been a good move. With a good 2012 I would hope that the Dividend will be reintroduced. I rate this share and may buy in further before they move too far.

Now that the new management is in place we should see the fruits of our endevours in the months ahead. I did not sell and was of the opinion that if some one wanted to buy 60% therer had to be a profit. This a long term play for me and I will now look to build on the holding .