Member Info for Zebra04

As I called it. I expect them to ride it back up now once the market has digested it

We shouldn't be surprised the lender acted in this manner. I'd be surprised if they don't convert the loan to more shares sooner rather than later. there were no large sells on Friday so they may be done with selling.

I feel we've bottomed out now, back at the stage before the recent rise. If the lender converts now they will get almost 90% return once the sp reaches all time highs again. They're in it to make money. The dilution is inevitable but a 20% dilution to acquire Morocco is not bad. We have a completely new asset.

A good time for new investors to come in. SP won't reach all time high until positive results from trinidad test wells. However Morocco or island may surprise before then. Existing investors should wait it out. we've been here before

MorningCoupon in regards to cln's refers to interest. In this case there is no Interest over the two year loan period.I.e if arato decided to not convert to shares and cash out after two years. They will receive 105% of loan back plus 10% fee.So their return would be 15%. If a coupon was attached they would acquire a larger profit if cashed out.

@chancers so arato loaned PRD 1.5million interest fee (no coupon). after two years that is repayable in cash at 105% original value plus 10% fee.
Arato also has the option to convert 105% of the 1.5million into ordinary shares at any point. Price per share they will get is the weighted average SP for the last two trading days.
They have also been issued with 2 million shares which they can excise once the SP hits 12p. At the time of issuance the sp was 7p.
On 13th may Arato elected to convert £100k of the loan into shares. 1,441,664 shares were issued which works out to 6.9p per share.

I may be wrong. My thoughts are the SP hit 12p back in march. Arato claimed their 2 million shares and then have steadily sold them and brought the sp down. by converting the loan note they've been able to sell more shares and bring down the price further.

Why would they bring the price down? They still have 1.4million of the CLN which they are yet to convert. makes sense to bring it down before converting more of the loan into shares. Lower SP means they gain more shares.

yes that would mean dilution but shows the lender feels they can make a larger gain by acquiring shares rather than simply repayment on the CLN +fee.

That RNS is badly worded. That's what i've taken from it.

Took the plunge. 50.7k shares bought at 6.89

Very tempted to top another 50k shares at this price. Don't usually like holding such a large percent of my portifolio in one stock but these prices are so tempting. Nothing from today's interview with Paul suggested some bad news has leaked. Results and positive rns expected end of June.

I was quoted at 13:30 7.31 to sell. I didn't try a buy quote. What prices were you quoted?
The last trade of 34k shows as a sell however the SP jumped at the same time.

Thanks for the warm welcome.
An interesting day today. I've attempted to dummy sell 20k shares the past few days with no quotes returned. (i do this to get an accurate SP quote). Today whilst the SP has dropped 10% i was able to get quotes for selling 120k shares.

I feel this is manipulation by MM's to acquire shares at a lower price or whoever bought those 200k shares at the end of the day. This makes me bullish. Also it's good to see the size of trades increasing. This shows confidence by investors.

New to these boards. Been following and invested in PRD for almost a year now. The team of directors have been on point and released consecutive positive RNS. Which has benefitted us shareholders. This is clearly evident in the one year chart and SMA's. Peaks and troughs happen in small caps as little increase in volume can have a large affect on the SP.50% of the float is held by Directors who are not selling which leads to low liquidity in the stock. this leads to MM's being able to get away with such a large spread. This puts off many new buyers. It can easily be manipulated. It' goes down on buys and then holds on a day like today when nothing but sells. More importantly if you research the company, it's peers on the market then you will conclude it is undervalued. If you reach the conclusion the company is not worth investing in then stick firm by your decision and not spend your time posting about it. It shows your indecisiveness. I trade stocks but hold a sizeable portion of PRD shares in my SIPP account. Which is used for my long term plays. zero concern about my investment. it's been good to me.Never felt the need to post, but derampers just ruin the atmosphere. Was nice to come read the general positivity on the board.