It's no wonder you call yourself ohdearohdear............... |
As it stands Paul has not updated shareholders as to the current situation in terms of what progress can or cannot been made in the light of the earthquake. The equipment hasn't yet arrived, so one has to assume that everything is at a stand still. |
Badger keep going now that you don't hold. No point reasoning with you.Let's see where we are in a months time |
It was 8.9 Mio net to the company, which is currently in limbo land due to the earthquake fallout. The last 6 month reporting shows a loss of circa 2.4 Mio quid, which will increase when the overhead gets ramped up .....that's if the equipment ever arrives. In the meantime, cash is being spent for no return. |
The 10 million should be in GBP not $ , |
The force is strong here.
Badger, you need to read note 3 in the interims:
Share based payments - options
£1,444,227 (this year)
£131,297 (last year)
It will explain the mainpart of the difference.
Be careful. |
Nametrade is right Badger about cash burn. The figures you are quoting are due to drilling well costs which are in the region of $2.5 million. Currently with $10 million just raised the company is fully funded for all tests, to be undertaken, to drill one more well ( Jurassic i guess) expenses for CNG development plan and working capital for a next one year. |
Badger...stalker (LOL) is inaccurate as two clicks and we can all see what you post on advfn. Very little, if any, of your post 1116 is accurate. Why the angry profanities?
I have a level of concern about you in the stock market. Degrade that as much as you want but just think about it. If you do not have a spreadsheet on projected numbers (especially fcf) on JSE then I am 100% right although I hope you do.
At all times though be happy. |
nametrade
Their cash burn is currently about 2.5 Mio quid in 6 months......dear boy.......read the RNS. |
Financial highlights:-- Loss from operations for the 6 months period is GBP2,361,721 ((GBP599,789 for the 6 months period ended 30 June 2022 ). |
Badger dear boy…
They have just done a raise and had funds of £8.9 million
Their cash burn is approx £300-400k a year
What next? |
Afraid it is not that simple being a significant shareholder himself. Think he kicked himself between the legs? |
Well the CEO in his last
Interviews was really selling
the company, obviously shortly
afterwards a placing resulting
in a 50% loss for holders!
It’s that simple!!
Why would you trust a CEO
Who kicks holders in the nuts
Then hides away!! |
When you are invested in JSE, who produced a gross loss and a placing after one hiccup, I understand why you think that way Badger (you predicted fundraises for OBD and MCM today too). That was very very poor resilience at JSE you must admit. Another term for that is very very high operational gearing.
Unlike JSE, PRD have a small malleable team with a low cash burn rate. This is low operational gearing.
Can you think of any other reasons why the management team are so quiet? |
I think that you can forget 2023 as far as getting any serious progress achieved. It's obvious that the earthquake has caused major delays which means that the sand blaster still hasn't been delivered. They probably can't tell you when it will be, either.A poor show from the management not giving shareholders an update. This suggests to me that what they do know is not particularly good news for shareholders.In the meantime fruitless cash burn continues and they will probably need more cash when they're eventually in a position to go forward with the flow testing. |
FFS!
Never listen to our CEO
Again, what a BS interview!!
Shortly afterwards a placing
Then 50% drop in SP!!
What’s he got to say now!! |
Just to refine Pro's advice.... buy when the PPI numbers are good/ok in the US October inflation report. If bad run for the hills. Inflation peaks in the US in October. |
AIM market getting close now to the 700 level....which is where the bottom normally is apart from extreme events, like the Covid crash.
Even though PRD is not AIM.......its traded like it is.
When everyone is shouting sell a crash is coming, its soon time to start buying. |
That means Paul is busy............generally. |
I'm still holding pro, but sorry the comms post raise have been awful... |
Generally means Paul is either deal making or excited by new data and crunching it........ |
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