Petrel Resources Share Discussion Threads

[felix0007] 10/5/2024 15:37

and are we going to see a rush for stock in the last hour??

[apotheki] 10/5/2024 15:30

ONLY ONE HOUR TO GO NOW

[cojones] 10/5/2024 15:27

Last few tickets going cheap still for the monday rocket to the moon ;)

[apotheki] 10/5/2024 15:18

Aye Dusseldorf it could all be rather confusing but if the company do actually manage to get a few crumbs then we will find out one way or another.

Plus of course at some point if not first thing the company would have to issue an RNS

[apotheki] 10/5/2024 15:10

The MMs might need to wear stockings & suspenders but that would be it!

[dusseldorf] 10/5/2024 15:03

I shouldn't think it needs suspending. Suspension is for information not in the public domain. When information is in the public domain, it's open season on price AFAIK.... though I guess the bit we might not know is if we're partnering with any of the winners as pet is unlikely to get headline billing on any news platform

[jimduggen] 10/5/2024 15:03

Thank you kd

[steveberyl] 10/5/2024 14:58

Should PET get access to a Production licence Monday on this board will seem like VE DAY.

Not sure Pet will open for trading at 08.00 hrs if any licence is granted, pet is more likely to be Suspended for a short period. Perhaps Mr KD will have a comment on the suspension possibility.


A truly remarkable Lottery ticket at a tad over 3p and very few want one, unless we get a late surge.

[kdickson] 10/5/2024 14:57

I believe we are 2 hours behind Baghdad, so the bidding auction/ceremony will start at 8:00am tomorrow.

[steveberyl] 10/5/2024 14:46

slim just reminded me of a salient fact. Thank you.

[jimduggen] 10/5/2024 14:45

Where does the may 11th announcement date come from?

[apotheki] 10/5/2024 14:30

TWO HOURS only left now

[slim pickings] 10/5/2024 14:29

We haven't seen the warrants being off loaded into this rise - I think that bodes well.

[apotheki] 10/5/2024 14:27

Two words four down three across

STRAND HANSON

[felix0007] 10/5/2024 12:50

This is the media call to cover the bid reveals tomorrow in Iraq. Note that they made a mistake and said 11 September when in fact it is 11 May!!

[dusseldorf] 10/5/2024 12:38

Goggin - Day isn't over yet re: price highs - I guess some of the price hesitancy is previous conditioning of holders - it doesn't have any bearing on likelihood of an outcome. It is risky yes, but the opportunity to potentially gain substantial wealth 'over a weekend' doing nothing is still appealing to quite a few despite the risk. Even if PET isn't on the right side of the envelope, I'd guess the PET cat has a couple of lives left, despite losing 6 or 7 to date..

[goggin] 10/5/2024 12:27

Haven't even broken the December 23 high of 3.35, even with all the steam, what was the story in December which saw it race up from 1 to 3.45?Very very Dangerous ? sub 1p Monday with no news although after 20 years, one would hope they could cobble something together ? ?

[steveberyl] 10/5/2024 11:31

A Successful bid will probably lead to a short Suspension, on Monday, in order to maintain an orderly Market and MM to arrive at a valuation they can agree on with Experts in the Oil & Gas industry.

I cannot see any other route, Ianio5691 & cojones amplify the difficulties MM`s would face, arriving at the correct valuation. Remember also, limited availability of Stock the rerate could be incredible.

[dusseldorf] 10/5/2024 11:23

need to frame that with any 'positive' news :) I don't think the price moves are done for the day, MM's still quoting over bid for big volumes. A fomo run-up to 4/5p is entirely possible - though perhaps unlikely due to risk mitigation of some holders too

[ianio5691] 10/5/2024 11:18

On confirmation of any news price will immediately jump to 5x current levels, but even that will only be the start of a massive rerate....

[ianio5691] 10/5/2024 11:16

Pure speculation at present.But, this is where the real money is made IF something drops.Most however, will prefer caution and will be happy to sit on their hands, and pay a huge premium on confirmation of news.

[cojones] 10/5/2024 11:12

This could be one of the greatest rises of all time...think about that for a sec ;)