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100k block sells will be novum. Any time they get hold of some shares they forward sell them all.
Short term sp is irrelevant unless you're looking to sell on runup to spud.
Drill and testing results is all that matters. I suspect early to mid Jan for the results and 2023 should be a great year for those that held.
@sefton
Thankfully time has a way to filter bs even though some stay blinded for longer.
Look at the performance of FTSE when Gordon brown was chancellor. Compare that to tory chancellors. From 97-2008 UK Gdp had sustained growth. Gordon brown as pm then had ftse on a strong recovery till tories came in power in 2010. He left with sterling at $1.50. Take a look at the data for yourself.
By the way the global financial crisis was not his creating, that was due to deregulation long before and private banks.
I don't know why I'm bothering to try explain this to someone who can't grasp the significance of the pound devaluing.
Inflation came in at 0.1% higher, core inflation 0.6% higher. Expectations was a 0.1% drop in inflation and a 0.3% increase in core inflation. The Fed is ahead of boe on raising rates. The £ is at its lowest point against the dollar and investors are losing confidence in it as a reserve currency.
Tories solution is to borrow billions more in an inflationary market to cap dosmetic energy prices. Everything is produced abroad and sold in dollars. The cost of production remains high and the pound weakens further from borrowing. So our countries purchasing power weakens further and inflation rises.
Overall wholesale energy prices go up even more than predicted due to weakening of the pound. So this scheme costs taxpayers far more than originally estimated.
Strange times. Glad I'm in oil and gas.
Good to see buyer interest offsetting the placees dumping thier shares shares for a quick profit.
Impossible to know by when we'll clear the placement shares but we'll see a significant move upwards.
The next 3 months will certainly be interesting.
@porters
"they must be confident they can get gas they need from uk."
That's good to know. I didn't know the uk had such a surplus of gas. Perhaps u should let the UK grid know there's no need to bid extortionate prices in the open market since we have such a surplus.
You can see why I don't bother to post much anymore. Not even worth the time.
@seabright globalisation will fail? What a load of nonsense.
Whilst you post from a device that was produced using labour and components from all around the world. Making technology affordable for the average joe is one of the many benefits of globalisation. Then look at all the benfits that technology has provided you. Ever paid with visa or Mastercard? Globalisation.
Let's not blame others for Our problems.
"Until we the people end this"
How about researching our economy and government spending. The largest increase in government spending is down to people living longer. More pensions, healthcare, social care etc. That becomes a problem when there isn't enough young people to support the aging population.
The fact of the matter is that most people will never contribute more to the economy than they take out. If someone was to work from graduation to retirement then live to 90. They would need to earn an average of £65k to pay sufficient tax and NI to be a net contributor.
It's generally a positive when an economy turns from a labour based to a service based. The latter provides higher salaried jobs which leads to higher tax revenue.
1. Paul has said on three occasions that prd is looking to go into hydrogen.
2. Paul happens to be a director of another hydrogen company.
3. That company decides to sell its shares in prd, not Paul himself.
4. The rns states it's to avoid a now conflict of interest.
5. That suggests we're making progress with our own hydrogen endeavour and thus there's a conflict of interest.
6. Even though Paul is on the board of that hydrogen company, the company still has to notify prd and so the wording is as such.
Nothing else to it.
I've been here since ipo, seen rampers and derampers come and go.
I've not always seen eye to eye with grh however I have to give credit where it's due. He managed to buy a huge number of shares at the literal bottom, 1.75p if I remember correctly.
He timed it better than all the rest of us, I topped up at 2/3p levels and reached my target holding with an average of 3.5p
On paper he has 10x and around 6.5x for myself and both held onto all our shares as we felt it was far undervalued still based on our research.
I've invested and continue to do so based on my own research and the ceo. However you have to give credibility to someone who has got it correct on two previous occasions in this sector. It's a difficult sector to call right let alone consistently.
Generally in life its worth listening to those who are older and have the relevant experience.
That doesn't mean you blindly follow them but it does mean the company is worth looking into and making your own decisions.
I don't advocate sharing personal information on here.
@redbox it's pretty obvious a lot of posters are much older on this board and so for them it has more social value than it will to younger investors. It's possible to express your disagreement in a more respectful manner.
Challenger is broke, more likely scenario is transfer of ownership of fram to us.
Paul's left with no choice but to legally pursue it. Trinidad had taken a long time to get to where we were and then challenger abruptly stopped the project.
I don't think this will be a distraction, management shown they can manage multiple projects and I expect the lawyers to be left to deal with it. It's a clear case, challenger has breached thier contract.
Opportunity to pick up cheap shares.
Obadhia is correct.
Worthy of a repost though.
Relationships have thawed and owning a large gas field with a pipeline to Europe gives Israel geopolitical leverage.
Delek know what they know from thier Leviathans data and now they are interested in morroco. Leviathan has huge reserves, enough to supply Israel for 40 years.
Definitely a potential partner. It has taken years to get to where we are and so it makes sense for them instead of starting over. Especially when our end goal is to exit and they then get full control.
https://news.sky.com/story/ukraine-war-lithuania-reveals-how-it-is-breaking-away-from-dependence-on-russian-energy-12622499
Good to see FSRU offered as a solution in mainstream media.
Great read, concise and full of facts.
The diagram showing existing and planned fsru projects around Europe is great. It will help sway public/political opinion. "Everyone else is doing it".
BTW mag mell is worth Billions over its lifespan.