[ADVERT]
Share Name Share Symbol Market Type Share ISIN Share Description
Petrel Resources Plc LSE:PET London Ordinary Share IE0001340177 ORD EUR0.0125 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 1.775 1.75 1.80 1.775 1.775 1.78 305,343 07:38:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -0.4 -0.3 - 3

Petrel Resources Share Discussion Threads

Showing 35151 to 35172 of 35375 messages
Chat Pages: 1415  1414  1413  1412  1411  1410  1409  1408  1407  1406  1405  1404  Older
DateSubjectAuthorDiscuss
30/7/2021
11:14
Talk of this project or that deal is all very well. After all these years I won't believe it until I see the RNS. A lot of us are either pensioners or close to it and don't have the spare cash to fund another risky venture. I emailed MF the other day asking him if they would be looking to buy in at this low price. His reply was that they were only interested in gaining control of the board. Fair enough, but if they haven't sorted out their differences by now, when will they? What other company will buy into Pet with the share fiasco unresolved? I'm afraid it's back to the waiting game!
the sage
30/7/2021
11:01
The Diddymen... I concur.
exile
30/7/2021
10:57
I see the fantasist's thread are now trying to work out how to spin PET at 1p or less is good.... TCE sugesting existing shareholders double up on their holdings to dilute the "CP saviours"... Presumably then the directors could pay off their accrued remuneration... He's sounding more and more like "Comical Ali" !
fenners66
30/7/2021
10:28
This will go sub 1p quite quickly (in my opinion of course)
the diddymen
30/7/2021
10:28
TCE - shareholders are simply not going to put up with pouring more cash into PET. You are basically suggesting the old double or quits game. For those that have already lost shedloads from their pension, I suspect it is time to cut with history. Sell up and take what you can get.
the diddymen
30/7/2021
10:15
Yes Dusseldorf - it's called financial engineering [which is the only way out here as covered in recent posts] But as a brief summary - as you state plus issue further shares* mostly for a decent new project[s]/deal[s] as well as new director[s] PET can then move forwards once again based on IRAQ + 1 or 2 other projects/deals etc.... All of the above will dilute Mr T & the CP to sub 10% [locked in potentially for ever unless they finally sort themselves out!] * any fund raising should be either publicly announced allowing existing PET shareholders to get their brokers to apply so they can average down and/or via a EU complaint €5m open offer I will request that the SHAG request this in their communications with the PET BODs
the chairman elect
30/7/2021
09:55
BB - in my view that option has gone. PET should not be touching the CP with a barge pole and it is difficult to see other options. That the Board were engaged with the CP in the first place tells you more about their corporate governance than anything else.
the diddymen
30/7/2021
08:46
Yep you may well be correct this is being walked down to 1p i thought it was so CP can buy back the disputed 5 million shares on the cheap and possibly do a takeover but would also solve unpaid remuneration have to wait and see what happens as usual shareholders shafted but GLA may all get sorted 1 day problem is long term shareholders need their monies back for their retirements.
bigbudda
30/7/2021
08:07
Fenners the problem on leveraged buyouts is the cash that is available. Given that the B of E alone has purchased £870Bn of UK debt with Mugabee style printed money since covid started, you can see this trend continuing.
the diddymen
30/7/2021
07:50
Dave and Johno, world class chumps ...
lippe
30/7/2021
00:24
LOL as if we thought they were ever going to do a deal. Seems to me like they should talk to the Glazers.... borrow money to buy a business guaranteed to generate the income to pay off the debt.... but that's already been done... It seems more Fulchester United than Man Utd.
fenners66
29/7/2021
23:23
..."There is no information whatsoever about the precise structure and financing of the Netoil group" #well-blow-me-down-with-a-feather-duster #even-the-blind-can-see-what-it-is-now
lippe_mk2
29/7/2021
18:49
The price is somewhat playing into the hands of the BOD right now. They have unpaid remuneration debt on the balance sheet, which will be able to convert into equity taking a majority stake for not alot. The price is walking to an inevitable level whereby they convert this debt and someone inject more optimism. I am cynical, but with 99% certainty feel the next move will be a conversion of debt by BOD for large stake in Petrel....call it DH's parting gift.
dusseldorf
29/7/2021
12:57
Up to each to do what they think best. Keep a spread of risk, I am staying in. Hardly worth selling!
elmfield
29/7/2021
12:20
Just in last 1.5 trading days the MM's have got 2.5 million PET shares sat on their books from holders dumping stock. WHo can blame holders given bleak prospects for PET given that the "jam tomorrow" from DH does not cutting it with us shareholders no longer. Given that such comments from DH especially at AGM's never result in material change at PET and then it's share price Expecting more stock of PET's to be dumped into the market in coming hours and trading days which no doubt will put further pressure on what is a falling share price already. We can speculate as to what the future holds but sadly with the likes of DH at the helm ain't much going to change in the future.
3mio
29/7/2021
12:14
I agree, said it for quite a while.
elmfield
29/7/2021
11:23
Thanks for the update and honesty F31. Not what any of us was hoping for, but not a great surprise to be honest. If a Phoenix were to rise from these ashes, of which there is still a very long shot, should things finally start to develop in Iraq, I would imagine that this will go ballistic, very quickly. An extremely long shot though - and is it worth holding for? I think Tamraz is an outright barrowboy and chancer. Giving him any further oxygen would not be my choice. GLA - I think we are going to need it!
ianio5691
29/7/2021
09:35
Spot on Fenners. Nice though if the Directors would make a hefty symbolic gesture. They will not for the reasons you have just made. A couple of 1.74s have gone through. These look suspiciously like buys which is not good news for holders.
the diddymen
29/7/2021
09:22
TD - what would be the point of taking this private? Surely it leaves them with a lower risk profile having multiple , directors' remuneration accruing and paying companies paid for by new funds raised from other shareholders every year? Taking any of these companies private would park the responsibility for paying those DR's with themselves....
fenners66
29/7/2021
08:47
Some shareholders are clearly searching the back of the sofa! It would be dead easy for Dave or Johno to stump up significant six figure sums to show their confidence in their ability. Fat f...ing chance.
the diddymen
29/7/2021
08:36
Malcs, the game is up on this one. As you know some of us here have been predicting this for years. Sadly we have been unable to persuade those who have been charmed by the narrative and reckless scammers.
the diddymen
29/7/2021
08:35
If the shareprice gets back to the 1.25p will someone step forward and buy them back off who ever now owns them, and pet can move on ?
currypasty
Chat Pages: 1415  1414  1413  1412  1411  1410  1409  1408  1407  1406  1405  1404  Older
ADVFN Advertorial
Your Recent History
LSE
PET
Petrel Res..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20211020 03:19:29