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We got a deal!!!!
Volume is still light, but it is good to see consistent buying, now up to .072.
Hey Douginil, any thoughts on PCL? The Total announcement was issued over a year ago. We have seen nothing but good news from the area ever since. Hard to believe these guys still haven't announced a partnership. When the announced at the annual a few months back that they were finalizing seimsic plans to begin in January, it seemed like everything was in place.
Someone bidding .059 on CORG
CORG is at .065 with a bid over .05. We haven't seen that in awhile.
Definitely some interesting action in CORG today. Lots of buying on the ask.
Has anyone tried to reach CORG? The email address doesn't work. Does the phone number?
Lots of selling in CORG over the last week. I guess the fact that someone is buying up all that is being sold is a good sign.
Lots of volume in CORG over the last few days. That has to be a good sign. The stock has been pretty dead for months.
Things are lining up for PCOGF. Hard to believe there is no volume in the US shares when the aussie shares are at the 52 week high and we now have approval for seismic.
Huge volume in the Aussie traded Pancontinental shares. Over 50 million traded today, up 20%. Right at a 52 week high. Hopefully it will break out in tomorrow's trading.
Huge news, if true. Now we just need an official announcement
Good to see some buying in CORG. Not much, but at least something.
I haven't read the filing. Did it mention the new management team or a business plan for the future?
CORG has to be up to something. Filings are expensive. No reason to spend the money unless they have something cooking. Hopefully a reverse merger. I am still bag holding a bunch of shares, so my fingers are crossed.
Horrible. The email address no longer works, so we can’t even contact them. Unless somehow the phone number is still valid. I haven’t tried it. Otcmarkets shows that they have added new officers. I guess our only chance is that the new guys file and/or merge an operating company into the shell.
Anyone still holding this heaving pile of Buffalo excrement?
Starting to see some volume in PCOGF in the US shares, finally up to .01. Getting close?
Things are heating up in Namibia. Thanks for posting that article. Current market cap of Pancontinental is only $60 million. Anyone have any estimates as to where it should be valued with a farm-in deal with a major, if they can retain the 20% interest discussed at the annual meeting? $200 million?
Finally some volume in the US PCOGF shares today. Bring on some news!
Some large blocks coming through. New management. Reverse Merger coming? I sure hope so. They need something here.
Pancontinental's stock has been doing well in Australia. Up to .08 on pretty heavy volume. Investors seem to be positioning themselves for future announcements. Surprised we aren't seeing similar moves and volume with the US shares.
BUX
Extension granted and relinquishment waived for Pel 87! Here we go!
This is a post from Hot Copper from someone who attended the meetings and asked questions-
OK here it is:
Fisrtly let me say that these guys are old and by old I mean old. I am not being ageist, just goes to explain some things I write below.
1. Communication is crap because they are old school and don't talk or inform unless there is news
2. They treat potential partners with respect and don't like social media or stories that get out via hotcopper to get back to potential partners
3. Namibian Govt are very relationship focused and don't take well to news and rumours being on the internet before they even know or agreed.
4. Extention, Farminee and 3D are alll tied up together and they are hopefull it will all come together but its a juggling act
5. They have spoken with Total, Shell and Cheveron
6. They have almost got a 3D company on board that will assist in any deal
7. Any deal struck will pay for 3D and drill and they hope to retain 20%
8. They reckon saturn complex has 1billion plus recoverable
9. They addressed 5 or 6 questions from an email that was sent to them form a hotcopper person
10. They say we have a terrific future and hope for many multiples of SP if it all comes off
Basically these guys won't say anything unless a deal is signed and are sorry that things have taken so long but covid had a big impact. It is only recently that people have approached them due to recent discoveries so things are looking good.
I am holding as it does appear a deal may get done but we won;t know anything until it happens. How ling that will be is anyones guess.
Cheers,
Rooey
Has anyone noticed that Klamka was removed as an officer of the company? Some guy named Smit Shah is the new CEO and Robert Tanko is now a director. I wonder who they are and what they have planned. They can’t do any worse than the previous CEO. Hopefully they have an operating company to merge into the CORG shell. Anyone know anything?
What a disaster, CORG is down to .027. Management hasn’t Tweeted since September. I wonder if they have given up and moved on.
PCOGF annual meeting is in less than two weeks. If we don’t get news by then, you have to think management will be forced to provide some kind of updates on the progress of farm out negotiations and potential lease extension on PEL during the q & a portion of the meeting.
Also, if you read the chairman’s letter released a few weeks back, it was short on specifics, but the tone was pretty upbeat. He wrote that he is “ confident of exciting times ahead”. They must know by now whether either an extension and/or a farm out are likely. If farmout negotiations had collapsed or were unlikely to lead anywhere, or if the Namibian gov was resisting a lease extension, it would be irresponsible of him to express his confidence in that way.
Anyone have any thoughts of predictions?
Bux
What would you guess PCOGF will get for all of that equity?
Not much discussion on this thread lately. PCOGF's Aussie traded shares have been rising on some increased volume. Hopefully that is a sign of some people positioning before news. November starts next week. It seems like the time is drawing near to when PCOGF has to announce something. The lease expires in January, so at some point soon they will have to announce whether they have been granted an extension. Hopefully that release comes with news of a partnership.
That is a sad filing. $27 in cash on the bills and still $0 in revenue. They haven’t booked a dollar in revenue in 2022. Did they not sell a single NFT chef all year?
Over 100K shares traded today, all at.048 or higher. Something up here?
Does anyone have a rough estimate as to how much the 3 D seismic would cost, or how long it would take?
BUX
Is the license renewal fee that is at issue, or is it failure to timely complete 3d?
There was a large spike in price and volume last week in the trading of the Aussie shares. It has slowed from just under 100 million a day traded to around 8, but the action is still positive.
The US shares aren't doing anything.
I was hoping last week's run was due to a leak from the Data Room, but I haven't heard rumors.
All the news flow from Namibia seems to indicate interest in the area continues to grow. Hopefully someone will partner with PCOGF soon.
The lease expires in Jan of 2023. Hopefully we will at least get news on another extension sometime soon. I think that would ease some investor fears and bring money into the stock.
BUX
ZZLL filed their financials and are back on the OTC.
Anyone watching the stock action in Australia? Nearly 100 million shares traded last night, massive buying. Stock rose nearly 40%.
Hopefully good news is leaking out.
BUX
CORG tweeted that the 10-Q is complete and will be filed this week.
Several months ago I asked the question which would happen first, would CORG bring in a single dollar of revenue from the celeb food delivery biz or would our stock dip below .01? Still no revenue and our stock is now selling off in the mid .05’s.
I will ask again, does anyone think they will bring in $1 of revenue from their celeb food business before the stock goes below .01?
Hard to imagine anything positive happens here. Management has produced nothing but false hope so far.
People buying LNTO at $3 again. Any real volume and it rockets higher.
Anyone know anything here? Aren't we coming up on a renewal deadline early next year? I am surprised we haven't heard anything yet. No large scale buying either to indicate investors positioning themselves for an announcement.
BUX