RE: Why I am invested in PRD13 Jun 2020 00:07
GRH I stay away from aim as a rule, too many bods who are just there to line thier own pockets. Prd being main market listed means it has a lot more stringent reporting requirements. Look at the recent prospectus for the 4p raise as an example.
Bpc has spent 10 years and still have not reached spud. Here if it was not for covid we would have drilled Morroco within one year of acquiring the license. A competent management team.
Bpc has 2.45 Billion shares, cerp has close to 1 billion, Prd has a modest 240mil in comparisons.
Like you say there's too many aim companies who issue new shares like confetti and have little to show for it.
With recent events it sure is reassuring our ceo owes 22%. His salary is nothing in comparisons to if he makes the company a success. Paul also enjoys what he does and is fully engaged in the projects. Him and Ronald are doing what they've done thier whole careers, except this time they've kept a big part of the pie for themselves.