In the 5 years or so that PRD has been in Morocco, have they actually tested and published definitive results (commerciality) of any of the MOU wells drilled? |
The force is strong here.
Why wasn't the single institutional investor named?
40 million shares are over 5% of the shares in issue so everyone will know the name on Friday when the TR-1 is issued.
Or not?
I wonder if it is a long term holder or are the 40,000,000 shares to be sold to the market?
Warrants are exercisable at 8p, no sign of a lock in period.
I would offload the shares to mug punters and hold the warrants buckshee.
Be careful. |
PRD STRONG SELL |
dont forget the 40M warrants at 8p
Unfortunately Investors have been lied too. |
terminal to 5p
then onwards to 2p
The Graveyard,they call it that for a reason.atb |
I thought PRD were fully funded?! |
My fault, I bought this morning, always a sign that a tumble in the price is due. |
2 million at 5p |
No raise? Pfft. |
mariopeter 29 Oct '24 - 20:22 - 1514 of 1518
0 1 0
Disagree support not broken.
>>>>>>>>>>>>>>>>>>>>>>>>>>
It is now!! |
Helpfull makes me laugh. Using trend lines on E&P. Comical. Just as scientific as mystic meg.
Keep it coming helpfull :-) |
Don't you think that there would be ramping guff from management before a raise? Not when the share price is on the floor. Use your noggin |
Placing coming sooner than expected? |
What's up here, looks as though someone has kicked the props away. Not a holder any more because I never trusted the spin management were dishing out. That said I thought Paul Griffiths had a discovery here, was that hot air on his part and not commercial gas? |
The force is strong here.
"You're better off joining your chum helpless on the other page"
Stinging.
In afraid there are a lot of rabbits staring into the headlights after the road has collapsed beneath their feet.
The long term upward trendline has decisively broken.
If you're lucky it's 5p, unlucky it's 2p.
Be careful. |
Hey Div. You're better off joining your chum helpless on the other page. He was peddling that guff 3/4 years ago. You could share stories about how the force is strong, blah blah blah
I'm LTH and see this as a bump in the road. Swabbing is quite normal, as is acid wash/nitrogen which may yet still be needed.
MOU5 is the real reason I'm here. So am happy to wait and see what happens there before reassessing my position.
PS any potential fund raise doesnt scare me either. It would still fit my risk/reward profile.
Enjoy your short term trade. Hope it comes off for you. |
Yep, it seems like the Moroccan powers that be are not above a little influence peddling to swing assets in their favour. A salutary message for Prd if it ever gets that far. |
 This is interesting as there is a bilateral trade agreement between the two countries.PRD if they have a future problem could utilise it!Emmerson PLC (AIM:EML) Notice of dispute with Moroccan Government Abm November 1, 2024STATEMENT REGARDING NOTICE OF DISPUTE WITH MOROCCAN GOVERNMENTEmmerson, the Moroccan focused potash development company, provides an update on its position with respect to its assets and investments in Morocco.Emmerson has formally notified the Government of the Kingdom of Morocco ("Morocco" or "the Government") that there is an investment dispute between Emmerson and the Government. The Company has engaged Boies Schiller Flexner LLP as its litigation counsel and is examining various funding avenues for an investment dispute.The dispute arises out of various breaches, by the Government and its Agents, of the Agreement between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of the Kingdom of Morocco for the Promotion and Protection of Investments, which was signed on 30 October 1990 and entered into force on 14 February 2002 (the "BIT").The BIT provides that Emmerson may submit its dispute for settlement by arbitration to the International Centre for the Settlement of Investment Disputes ("ICSID").There is no requirement under the BIT to notify Morocco of Emmerson's intention to submit a claim to arbitration and therefore, the Company has no obligation to wait for any specific period of time before commencing arbitration.Nevertheless, before proceeding to arbitration, Emmerson has, in good faith and in the spirit of cooperation, invited Morocco to engage in discussions regarding cash compensation for the damages incurred because of Morocco's breaches of the BIT, with a view to achieving an amicable resolution of the dispute.If such discussions with Morocco are unsuccessful, Emmerson intends to submit a claim for arbitration under the BIT, seeking damages for the harm described above, plus interest, costs, and any such further relief as the Tribunal may deem appropriate in the circumstances.The Company remains hopeful that its dispute with the Government can be resolved amicably. The Company will consider any and all other actions necessary to ensure its rights are preserved.Emmerson has always conducted its business in Morocco to the highest environmental and ethical standards, often well in excess of the local regulatory requirements, adhering strictly to local laws. The Khemisset Potash Project is one of the most strategically valuable fertiliser assets on the African Continent, especially for Morocco, which currently imports significant quantities of potash to its global fertiliser company, OCP.With the implementation of its proprietary (and patent pending) KMP design, the Company was targeting the production of potash alongside several complementary fertiliser products that would have employed the lowest water usage of any potash mine globally, with the elimination of waste brines entirely, in order to create the world's most environmentally sustainable potash mine. |
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