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1.9¢ pancontinental energy nl

2023 - going to be a big year, page-207

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puntlord

4 Posts.

1

05/02/23

10:41

Post #: 66076990
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Originally posted by rooey: ↑

The 3D announcement was my concern before selling. I can't workout how they will pay for 3D without a farmout agreement and can't see that happening before 3D. My only conclusion is a CR or dilute their 75% as it would be a hefty cost and money PCL don't have. A CR could not raise that amount.

So this is what I struggled with together with having 5 years of funds not making money for me at the stage of my life and drove my decision to sell. Nothing more, nothing less....

Do I believe PCL are sitting on a great resource - YES.

I will of course keep a close eye on things and may even buy back in when things are more likely to result in a drill program. But for me it was simply, I could not justify hanging on anymore with lack of transparency from management. The last quarterly was just a rehash of what we all know in my opinion and not good enough for me.

I wish everyone success and I knowing how things go, I will probably kick myself for selling at this price but hey, that's what you get playing in this space.

Stay safe people and all the best with it and hope an announcement comes soon.

Rooey

DYOR

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it's been a wild ride with you rooey, all the best my friend!

PCL Price at posting: 1.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 1.9¢		Change 0.000(0.00%)		Mkt cap ! $150.4M

Open	High	Low	Value	Volume
1.9¢	1.9¢	1.9¢	$66.31K	3.521M

Buyers (Bids)

No.	Vol.	Price($)
26	6453418	1.8¢

Sellers (Offers)

Price($)	Vol.	No.
1.9¢	4386340	8

View Market Depth

No.	Vol.	Price($)
26	6453418	0.018
11	4779589	0.017
8	5042500	0.016
7	6361666	0.015
1	500000	0.014

Price($)	Vol.	No.
0.019	4160801	6
0.020	12133613	10
0.021	16818300	8
0.022	1648472	6
0.023	1523789	5

Last trade - 12.44pm 19/07/2024 (20 minute delay)

PCL (ASX) Chart