Molecular Energies Share Discussion Threads

[bengal1] 24/10/2022 22:12

Look at the accounts. You are only looking at revenue (money coming in). The money going out and increase in debt (and previous placings) is more than the money coming in. This is 101 balance sheet stuff. Really Pp.

Third party financial borrowings in Argentina non-recourse to Group of US$22.9 million (H1 2021 US$5.9 million) with such increased borrowings arising from material new capex spending, including drilling and investments made in Argentina.

[crimestoppers1] 24/10/2022 22:05

does PPC AKA MEN have its response ready for corruption allegations?

[bengal1] 24/10/2022 21:04

The Company is not making money and communicates smoke and mirrors around profit and debt. Double the debt of last year and production/revenue now decreasing. You used to kindly post the production figures. Why have you stopped?

[rich2006] 24/10/2022 20:28

Looks like much needed progress on all fronts

[bengal1] 24/10/2022 20:19

Yes, but the debt we are now carrying is huge. We have significantly increased debt for significantly lower production. No oil production business can survive with this kind of business model. I presume the terms and conditions of the 2015 Paraguay deal have been fully complied with? Suggest you look that up. I suggest you look at the balance sheet accounts and put your market cap view to one side. Then shout from the roof tops if you haven't jumped off.

[chris cat] 24/10/2022 14:21

AIE...I think the fact that we haven't seen the production numbers for a few months might be a clue to how they are performing. I have kept a spreadsheet with them since Feb 2020, the last ones that I have are May 22. Unless I have missed them (I took a longer break in the summer) then PP hasn't put them on here. PP - apologies if you've posted and I missed them.

[bengal1] 24/10/2022 14:21

Placing anyone?

[bengal1] 24/10/2022 14:20

Previously we were told that the fire had no effect to operations. This was blatant.

[bengal1] 24/10/2022 14:19

But it doesn't say that, does it.

[all in eol] 24/10/2022 14:18

Piperpeter24 Oct '22 - 13:55 - 80 of 80

At last we should see good production rise in Argentina with the new salta wells producing and things back to normal after the fire.

[bengal1] 24/10/2022 13:17

Says fully restarted,.. What ever that mean in production terms?

[activmojo] 24/10/2022 12:50

Original tweet deleted and reworded to say fully operational

[activmojo] 24/10/2022 10:43

Preston Flores back on line and ramping up.

[chris cat] 24/10/2022 08:25

PP - I never received a reply from ADVFN

[crimestoppers1] 23/10/2022 20:23

hxxps://www.ultimahora.com/eeuu-enviara-su-coordinador-anticorrupcion-paraguay-n3029622.html

the US is sending its anti corruption czar to Paraguay .corruption will finally be eradicated in Paraguay. all assets acquired with corrupt means will be dealt with