Petrel Resources Share Discussion Threads

[blakieboy7] 05/5/2024 13:17

Wife changing news!! Haha! Presumably an upgrade?? :)

[muddystilettos] 05/5/2024 13:11

October2022 pet raised 250k c/20m+ shares since then the placings have been added to the shares in

issue. also to note: Mr Teeling & Mr Finn participated in the placings.833,333 per individual.

the above have long gone, myself was also buying.

on the cusp of wife changing news the Bod will be conservative with further dilution

[slim pickings] 05/5/2024 13:00

Why is it tosh Muddy - what's your point exactly ?You have simply quoted past news of which we are all aware - assuming everyone reads the RNS ! There are still 15m warrants outstanding - whilst we can't be sure some of those have been taken up this week, it's a reasonable assumption.We'll find out soon enough anyway.

[muddystilettos] 05/5/2024 11:19

the above tosh about warrants is precisely tosh.

snippets taken from Rns

5/01/2024

Petrel announces that, pursuant to the receipt of warrant exercise notices, it has issued 4,000,000 new ordinary shares of EUR0.0125 each ("Ordinary Shares") at the exercise price of £0.018 per share ("New Shares"), providing gross proceeds of £72,000.

03/1/2024

Petrel announces that, pursuant to the receipt of a warrant exercise notice, it has issued 1,000,000 new ordinary shares of EUR0.0125 each ("Ordinary Shares") at the exercise price of £0.018 per share ("New Shares"), providing gross proceeds of £18,000.

23/12/2023

Petrel announces that, pursuant to the receipt of a warrant exercise notice, it has issued 1,000,000 new ordinary shares of EUR0.0125 each ("Ordinary Shares") at the exercise price of £0.018 per share ("New Shares"), providing gross proceeds of £18,000.

This gives petrel working capital and voting rights should a hostile take over be approached,

Following Admission, there will be a total of 183,871,800 ordinary shares in issue with each ordinary share carrying the right to one vote

[valentine73] 03/5/2024 20:59

10% today is 10% we didn't have yesterday. Enjoy the long weekend (except Dusseldorf as no bank holiday in Germany :-) )

[blakieboy7] 03/5/2024 15:42

It's still an up day, I'd have settled for this at the start of the day

[steveberyl] 03/5/2024 15:28

No point adding; That will merely raise the price in order for the forward sellers to make more. Better to sell down as far as poss, then buy some.

[elmfield] 03/5/2024 14:38

To true. Just a question of waiting and we are good at that. Opp to add for those inclined.

[blakieboy7] 03/5/2024 14:36

Hopefully this is just a teaser taster!

[valentine73] 03/5/2024 14:21

Fun while it lasted. Still, the licensing rounds are still on, that hasnt changed

[blakieboy7] 03/5/2024 14:18

Disappointing!

[elmfield] 03/5/2024 14:15

Dog gone to bed again..Yawn.

[dusseldorf] 03/5/2024 14:06

Correct indeed there are 14,833,333 warrants outstanding 14m of which belong to the bucket shop.

The amount sold just now probably sufficient to covert the 'outlay' + profit for the shop for another 1m tokens - so expect an RNS next few days for another 1m exercised. Charles + Baz (MM+Bucket shop spiv) combining for dream team.

So if anyone *really* wants alot of stock - just approach the bucket shop (can't remember their name) and make an agreement to buy as they really don't care what is happening at Petrel, its just a bank product to them

[tuna hunter] 03/5/2024 14:01

placing in the works.

[slim pickings] 03/5/2024 13:57

The last time I had a look, which was a fair while ago, we were at 15m warrants, does that sound about right ?I wonder how far into them we are.

[dusseldorf] 03/5/2024 13:49

Could be forward selling of a warrants conversion for sure - MM's I believe can still naked sell e.g. sell on a T25? so all they need is a willing partner to bank on warrant conversion. The main holder of warrants right now is a bucket shop

[steveberyl] 03/5/2024 13:45

This looks like Forward selling prior to a placing.

Happened yesterday Happened this AM and again now.

Multiple blocks hit the sell. Not a good sign.


Working out the placing price; Sellers happy with 2.2p AM 2.5p PM Means a placing of 1.9 to 2p


I am selling and will buy back when placing is Published.

[valentine73] 03/5/2024 13:00

Nice to us at top of the leader board once again

[taxibabe1] 03/5/2024 12:57

What is your target then?

[cojones] 03/5/2024 12:52

Next week should be rockets to the moon i guess. Still ruddy cheap considering the prize ;)

[kdickson] 03/5/2024 12:46

Open up the Gaz at Anz elmfield? :)

Contract area 'ANZ' in LR6.