Petrel Resources Share Discussion Threads

[the diddymen] 16/9/2021 13:32

£238.54 traded so far today.

[the diddymen] 14/9/2021 19:34

Air Taffic Control to PET - 'Cleared to crashland'

[the diddymen] 14/9/2021 19:32

It looks like a rabid inflection to me.

[dusseldorf] 14/9/2021 18:28

1m trade today. I assume it was a buy at 1.80. life in the old dog yet?

[walterwhite1] 10/9/2021 08:54

Yes you did fester. Precisely why I'm not addressing it. Please crawl back under your stone :-)

[fenners66] 10/9/2021 00:48

If you read the post you were responding to you will see I did....

[walterwhite1] 09/9/2021 20:52

And who mentioned USP?

[fenners66] 09/9/2021 16:11

walterwhite1 - No USP just there are a lot of gamblers?
But even the gamblers that take up any placing have to sell to more gamblers who do not have the advantage of a discount.

Funnily enough with 3500+ companies on the London stock market why gamble on one with no USP?

[walterwhite1] 09/9/2021 13:24

fenners - I appreciate you have genuine hate for Teeling and Horgan and its completely understandable. This for me is a duff stock with very little room for optimism. But no one forced me to buy, and I'm happy to sit on my investment until it comes good or I lost the lot. I have no clue who would buy in if they did a placing. But I think there are enough gamblers out there who'd give it a whirl. Good luck to you

[fenners66] 09/9/2021 10:52

Question remains why does anyone take part in the placing?
It all comes down to the "discount" and whether they believe they can offload them at a small profit.
So how do they convince backers that could happen?
After all the track record is abysmal , they cannot point to any projects , they have been to court vs a major investor and had their director stand down, they have responded by declaring PET a shell company (allegedly) so what is the USP?

[walterwhite1] 09/9/2021 10:21

Spoke to David Horgan this week and the interims are going to be released soon.
I think a placing to keep him in clean underpants is on the cards tbh.

[lippe] 09/9/2021 08:16

it's more akin to a rinsing than a placing these days ...

[the diddymen] 08/9/2021 21:49

Given that the BB is as dead as the company, what about a sweepstake on the date of the next placing?

[mrs fook mi] 06/9/2021 21:43

Gents

I am craving for a monster riser. What's happening with our PET. Anyone can point me to a Mega one? I bought plenty of MXC share today, keeping it all tight in my micro G-String.


Mrs FM

[the diddymen] 01/9/2021 09:37

Is that a question or a statement?

[lippe] 31/8/2021 11:10

I bet they don't even bother turning up to Clontarf HQ anymore, cough working from home, cough cough covid ...

[lippe] 31/8/2021 11:08

When somebody finally accepts the reality of something it’s sad and devastating. I understand why so many people choose not to face the reality of something and try to creat hope even though it’s false

After being here for many years I now realise what hopeless company this is. Completely clueless amateurs who are hardly doing any work and simple using it to pay their wages.

Despite the best efforts of shareholders the company has shown complete disregard to them and responded like a flippant and immature child.

No miracle can save this share or company. It’s DEAD. I have lost my retirement money in this and there is no point in selling.

[1teemore] 31/8/2021 09:43

You appear to have not accepted reality-now posting to yourself.

[the diddymen] 30/8/2021 21:16

Here is another one

Pauly80 on another PET bb:

RE: BLUE: Buying power17 Aug '21
When somebody finally accepts the reality of something it’s sad and devastating. I understand why so many people choose not to face the reality of something and try to creat hope even though it’s false

After being here for many years I now realise what hopeless company this is. Completely clueless amateurs who are hardly doing any work and simple using it to pay their wages.

Despite the best efforts of shareholders the company has shown complete disregard to them and responded like a flippant and immature child.

No miracle can save this share or company. It’s DEAD. I have lost my retirement money in this and there is no point in selling.

[the diddymen] 27/8/2021 10:11

Another week and only one post on the subject of R&R. Nothing on the Company and its activities.

"IT COULD OBVIOUSLY BRING POTENTIAL VALUE TO PETREL RESOURCES PLC WHICH IS STILL KIND OF SHELL COMPANY." Roger Tamraz

Just a reminder of Tamraz's observation which might be at the heart of the problem.

1.85p and a market cap of almost £3m for a shell company is high.

[lippe] 25/8/2021 09:32

Johno Teeling, long pockets short arms ...

[the diddymen] 24/8/2021 20:09

With no credible options to raise cash....unless of course the directors put their hands in their pockets to demonstrate confidence in the business model. Ha ha!

[fenners66] 24/8/2021 18:53

Oil majors and super-state backed oil companies, strangely no mention of loss making minnows running short of cash....