Petrel Resources Share Discussion Threads

[fenners66] 16/7/2021 17:11

Monetising privately held assets he says...
but f31 said all their funds were stuck in Lebanon
to explain why they had no money to buy the shares with , so they can't have a majority (at a massive discount , with now almost 2 years credit) so no money to develop assets, so not going anywhere.
Instead the apologists think they are going to back this "massive asset" into PET who also have no money , so they can give 49% away to random shareholders.....

Personally I think there would be a lot to be said if PET had some asteroid mining plans.....

[kdickson] 16/7/2021 16:23

Didd's, you seem undecided. Is it going to happen or not? I think you need to polish that crystal ball. ;)
And why would Petrel not remain listed? That IS the whole point of the CP ever being interested in us - for its listing and the ability to monetise private assets via held shares.

[the diddymen] 16/7/2021 12:56

F66, I would not want to be out of this lolz share over the weekend.

[fenners66] 16/7/2021 12:38

Share price has moved again , taken together quite a dramatic move...

... News from Paris ?

[lippe] 16/7/2021 10:25

Parasites and hosts + lolz Dougal ...

[the diddymen] 16/7/2021 08:25

Lippe, there are also the anonymous scammers using BBs and looking for stocks like PET to manipulate. There is a symbiotic relationship between the two.

[the diddymen] 15/7/2021 21:43

Sage, it is not going to happen, or, if it does, the company is highly unlikely to be listed. Grab what is left or write it off.

[lippe] 15/7/2021 20:58

Horgan is nothing more than a charlatan, a creation of AIM, give the mug punters what they want to hear, shareprice telephone numbers with international dialling codes all the better to sell the dream and draw a salary, houses get repossessed, relationships break up and people even took their own lives,

Judgement day is dawning dave, retribution is so understandable...

[the sage] 15/7/2021 19:26

Hi Pete. Many of us on here go back 20 years or more. I hope that there is something in the upcoming AGM to give us all reason to stay. Personally, I think that lies with the Russian licences offered by the CP.

[the diddymen] 15/7/2021 18:56

It is La La land stuff. I would not be worrying about the votes to do nothing, I would be trying to live to fight another day. Take the cash.

[fenners66] 15/7/2021 12:21

Despite their now almost aggressive or passionate new found disillusionment with PET , its board and its prospects , I guess they still will not listen or tolerate alternate opinion.

You can relate "facts" to them drawn from RNS's and company accounts. Lack of anything tangible, massive costs and losses. Unsustainable spread of directors over multiple companies (5+) and admin and directors remuneration and cost everywhere with nothing to show for it... and still they claim We do not understand.

[fenners66] 15/7/2021 12:15

True to the cultural spirit of La La Land the pantomime on the other thread gets better....

After years of following the narrative and hoping , they are now converting to believing the BOD cannot deliver.

As IMDB summarise the storyline of La La Land....

"the dreams they worked so hard to maintain in each other threaten to rip them apart."

But they concede their new disgruntled group are likely to be ignored....

Should have listened many many years ago....

[palace pete] 15/7/2021 12:12

Like some of you I was in my early forties when I first invested I'm now coming up to 68 and after all the hype of 1 5 10 pound a share and a dream of early retirement which at one points in 2007 seemed on the cards but with all things pet it didn't last. So with the drip drip of my funds over the years I like some have drastically reduced my holding at a large loss and will wait for the agm to hear their response to our thoughts if as expected we're hit with the same old rhetoric I will sell the last of my holding and take it as a hard hard lesson Good luck to all of us what ever any individual does.

[the sage] 15/7/2021 11:51

Many thanks for your efforts f31, much appreciated. I believe that we have enough support to call a Special General Meeting should we ever need to.

[f31] 15/7/2021 11:37

The Poll - what next ??

The poll was very useful in assessing the opinions among the two shareholder forums.
36 out of 39 participating shareholders prefer a future with the Tamraz Group, and are prepared to put a hard Yes vote in if that opportunity would occur.
That is an overwhelming majority within participating shareholders.

The poll reached only those shareholders that actively follow the 2 forums.
However – considering the overwhelming majority within this group, it is a reasonable presumption that also many shareholders outside our forums would prefer the Board to accept the RNGG offer.
To reach these other shareholders, we have requested and meanwhile received a copy of the Shareholder Register.
But as all digital shares (139 million out of the total 157 million) are named under just one account i.e. Euroclear Nominees Ltd, the register simply does not sufficiently facilitate such approach at this particular moment.

We will now first wait for the AGM, where the Board should explain in more detail what exactly is unlawful or not acceptable to the Nomad within the current RNGG offer – which must be the Board’s position, considering David’s response to our Question 9 related to a potential shareholders vote on the Tamraz offer.

It is unfortunate that shareholders attendance at this AGM will be extremely limited, due to Covid measures.
You might have noticed the letter attached to the Notice of AGM, in which attendance is strongly discouraged.
These circumstances make it difficult to make the Board clearly sense how widespread the feelings are.
In this given situation, the overwhelming poll outcome is one of the limited options available to us to make our voice clearly heard, so this will now soon be sent to the Board, so that they are aware of it ahead of that AGM.

Considering the Board’s recent repeated failures to communicate with our very sizeable “23% of shares group” in a constructive manner, we should however not expect them to take much notice of this poll either.
But it is all we can do for the moment.
Potential next-level action will depend on the Board’s reaction and/or further explanations on the issue.

[the sage] 15/7/2021 11:30

Hi guys. Who knows what's at play here. From where I'm looking, the CP involvement is the only game in town. Whatever they have to offer, it's better than nothing as indicated by the overwhelming level of support in our recent straw poll.

[bronislav] 15/7/2021 10:09

Dusseldorf.I am of the same opinion.Whether people like it or not company directors in my opinion and experience aren't always telling the full story.

[dusseldorf] 15/7/2021 10:05

The Sage - call me skeptical, but this is either something that will never materialize (CP doing anything), or it's been a long game since start to avoid price jump prior to strategic accumulation i.e. the whole charade is a set-up so that frustration and boredom leads to more shareholders selling, bod issue more shares to themselves etc... If you were to inject something that would push the price to 30/40/50/£1, what price would you accumulate at? The rise was meteoric, and perhaps too fast - this then triggered a series of events to cool it off. Yeah, it sounds a bit far fetched, but I wouldn't rule out anything.

[the diddymen] 15/7/2021 10:00

County Dave, PET's Somalia

[lippe] 15/7/2021 08:22

County Mayo, Ireland's Somalia ...

[the diddymen] 15/7/2021 07:41

LM2 - The frying pan is the safest place.

Unfortunately the cook ia a storyteller. He does narrative not work, and storytellers are well paid.

The shareholders are equally responsible because they have traded the narrative, but not all. Trading the narrative has lured others into the frying pan; hence there is a coalition of the knowing and unknowing being quarterised.

The cook is now living the narrative and is mentally imprisonned by it and unable to move the frying pan from the heat. Not a good place to be, but far from screaming the shareholders go silent.

Meanwhile Dave is getting the Mayo out.

[bountyfull] 12/7/2021 23:43

Thanks kd. I hope the Board is listening and taking note that we are not pleased with their performance. I am sure if you were able to contact all the shareholders the outcome would be the same. I hope that is not lost on the Board.