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I wouldn't say mixed. The company have spent a fortune and got nowhere. They have very little money left, make a loss and are missing their own production targets by a mile. I think bloody awful would be nearer the mark!
mixed report.
If PTR were listed on AIM, duster, things could be much worse.lol.
It happens all the time - the last placement on Chariot oil was at 14p then a 20% discount - now it stands at 6p - in the real world the CEO would be history in the AIM it's business as usual - spin the bottle !! MR
No need for apologies. Best of luck to anyone who can make a quick buck, after all that what we are all here for. Right.... Good to see that you have some belief in this company after all. Natlata may not be as far off as you think they bought in here a large portion for there holding close to these level before the farm out to Oil India. They could buy out complete company for 15 Mil at this stage. Pocket change to some of these Russian millionaires. That would be some value. Infrastructure alone is 25 Mil Plus, not to mention reserves. Lots of companies in the sector under valued purely due to PoO.
Natlata might be having their own trouble sourcing funding for more shares. They're underwater here now, like the rest of us.
Hope so I have to spill I took a few over the last day or so - would be rude not to 2k's worth so not to much - no hard feelings business is business after-all Cheers for the heads up Kev but 4p was way to expensive 2.5 is about right - you should look at BZM at today's price - business is business : )) MR
Only one winner here, Natlata to buy. They don't hold 21% stake in this company for noting. They may even know more than some of the well informed people on here. As sure as pigs don't fly, oil price will reverse the trend at some stage... Not all of us have the money to sit on.... Not even this board of director can be blamed for the extended drop in PoO. Still some positives 3 horizontal and 4 verticals to be completed on fully funded development program, Hopefully further success on this front and may what stem the negative sentiment
Happened to Natlata or General Invest hoovering up these shares ? Dyson broke ? or perhaps they've decided to let it fall and pick-up the bits at a snip - usual way these things end up - why buy at 4\5 when you can have the whole shooting match at 1p .. Buy enough for a controlling interest and short her down to near extinction then mop up - who knows but it's a thought MR MR
ptr .was 70p 5 years ago now the share price 2.60 .simply not looking good at all
Not one "good call" from the below mentioned - typical I guess >> Weird when I mentioned the PoO being the downfall here the usual rampers bleated "oh no it's an internal market PoO has no affect here" - I see some now agree - overdue but you got there in the end .. Now it's sat at what predicted - no shock just plain old economics - just worry if it head to below cash cos there ain't any left ! MR
Granto, as you say it's all about the PoO. The likes of Tullow are down six sevenths, Mosman nine tenths, Afren gone, Petroceltic three fifths and so on. Petroneft was 5.7p only 10 months ago and over 6p in this calendar year, so it's moe than halved in sp. I saw you get out of Landsdowne Oil just in time (they're down seven eighths now, I think). Anyway, I managed to get my cash imput back here and still have plenty of PTR shares. It really is just a waiting game. (Apologies to all for FQMR - he's following me around the LSE boards since I called .4p for BZM when they were flying high) lol.
Looks like I didn't need that machine gun to get this to 2p after all - the market did it on it's own ! Duster was the only one on here with a clue and what a ride he got - tough crowd you lot MR
Oily's sit well below cash value so it's not looking good - not much chance of the 5.7 Kev stated a few months back ! MR
looks like a short term break even company. That said, they have huge reserves, production facilities and infrastructure already built. If PoO ever returned this would be a $100m company. It is all about PoO here.
cant believe this is now nearing 2p? the last time i checked was 4p.
we were basically told in the last report a placing was coming. Looks like they are doing the rounds cap in hand. Might get a ramp pre-placing for the insiders to pre-sell
Looks like the sp has further to drop.gla.
I think things are bad so I'd like to add a woof. Woof, woof. Just as well I'm in on profit alone.
Just how low for how long now - support broken so it's guess time but all's well ask Kev ..lmao MR
I might be wrong, but I thought nearly all the money was gone - only $2.5 million dollars in the bank at the end of June. Also $41 million of the $ 45 million provided by Oil India for future work had also been spent. I'm sad to say it looks like loans or a RI. With the price of oil looking low for a long time yet I can't see any other way forward - believe me I wish I could.