Publication date has been set. The book and this site will be live on 26 March. Woo hoo.
In the meantime, here's where I am at with my current investment in PRL:
Petrel Energy Ltd (PRL) is looking like an interesting thing. To be honest, the 8-year old and I both bought in. We did it on the strength of their good news out of Uruguay. The reality is that PRL finding the only onshore oil in that country has the potential to be a really big deal indeed.
And then the share price dropped dramatically, partly due to the need to raise cash through a rights issue. They set the price very low.
What do I think these shares will do? I reckon they will end up around the 1.8 cent mark - and that's 6x their current price. So the potential is great.
Looking at last year's performance, the price rocketed up 4x, offering a lot of opportunity to earn some profits. But let's have a look at what others are saying on other forums:
TJ**** "They’ve got to find cash and fast! I might explore the option of selling now to protect what little I have left and buying back in when they are in a better position."
Kiw****** "Good time to buy IMO might get some .002 or .003. Might be a long wait but well Worth it once the SP starts to rise on good news. Fantastic buying opportunity for those who are willing to wait for a partner/funding."
TJ**** "I agree however the clause that I like most in all of this is the buy back scheme they have planned. If they can raise funds and find a partner, they will begin to buy back share on market and this will drive the price much higher than current levels. IMO it is a steal buying shares at 0.003c and I’ve put in another million to buy. Imagine if they manage to pull some thing off like Sirius resources, share price goes to 50c or more, the people that bought in here at these levels will be laughing and remembering PRL for the rest of their lives. You will look back and with a smile say “thank god I made that move, look at my life now”, this is why I’m here and this is why I’m buying more and more at 0.003. Is risking 20k to potentially make millions upon millions worth the risk?? I think it is 110%! But that’s just my opinion...."
Ok. So buying a bunch of shares in the hope that the price will reach 50 cents is a huge hope. In reality, these guys expect the share price to jump when they announce a new funding partner. And that means it will jump from wherever it is (at that time) sitting). Buying now could mean that the price will have increased already, and the jump will only improve the profitability of the deal. But waiting for anything over 2 cents is going to be a long wait.
In the meantime, here's where I am at with my current investment in PRL:
Petrel Energy Ltd (PRL) is looking like an interesting thing. To be honest, the 8-year old and I both bought in. We did it on the strength of their good news out of Uruguay. The reality is that PRL finding the only onshore oil in that country has the potential to be a really big deal indeed.
And then the share price dropped dramatically, partly due to the need to raise cash through a rights issue. They set the price very low.
What do I think these shares will do? I reckon they will end up around the 1.8 cent mark - and that's 6x their current price. So the potential is great.
Looking at last year's performance, the price rocketed up 4x, offering a lot of opportunity to earn some profits. But let's have a look at what others are saying on other forums:
TJ**** "They’ve got to find cash and fast! I might explore the option of selling now to protect what little I have left and buying back in when they are in a better position."
Kiw****** "Good time to buy IMO might get some .002 or .003. Might be a long wait but well Worth it once the SP starts to rise on good news. Fantastic buying opportunity for those who are willing to wait for a partner/funding."
TJ**** "I agree however the clause that I like most in all of this is the buy back scheme they have planned. If they can raise funds and find a partner, they will begin to buy back share on market and this will drive the price much higher than current levels. IMO it is a steal buying shares at 0.003c and I’ve put in another million to buy. Imagine if they manage to pull some thing off like Sirius resources, share price goes to 50c or more, the people that bought in here at these levels will be laughing and remembering PRL for the rest of their lives. You will look back and with a smile say “thank god I made that move, look at my life now”, this is why I’m here and this is why I’m buying more and more at 0.003. Is risking 20k to potentially make millions upon millions worth the risk?? I think it is 110%! But that’s just my opinion...."
Ok. So buying a bunch of shares in the hope that the price will reach 50 cents is a huge hope. In reality, these guys expect the share price to jump when they announce a new funding partner. And that means it will jump from wherever it is (at that time) sitting). Buying now could mean that the price will have increased already, and the jump will only improve the profitability of the deal. But waiting for anything over 2 cents is going to be a long wait.
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