Post by
drunk@noon on Sep 07, 2021 11:36am
re:mom and pop selling. You clearly don't know much
if you think a individual investor is selling 500,000 shares day in and day out. No single investor would have a large position in this tiny operation in the middle of the peruvian jungle. They aren't selling $100,000-150,000 dollar worth day in and day out----especially when the company has just painted a rousy picture talking about being able to prove up more of a 3p 100 million recoverable in the ground and with it 20-25000 barrels per day for 5 years. AND when they are on the verg of bumping up production to 14000 bodp. THIS IS THE CONCERN. Why sell now, when anyone aware of the story and believes in what management is telling us and can crunch the numbers sees a value a multiple of the current share price. The facilites have been occupied by the locals on several occasions, there have been incidents in the past, people shot. And the nortern peru pipline has been shut in for months now. A party or parties with a substainal positon are selling. Who else owns millions of shares of this unknown microcap. THEY MUST KNOW SOMWTHING I DON:T.
Comment by
MorningCat on Sep 07, 2021 1:28pm
Some major holders wanted to get out of Peru due to government. Some major holders wanted to sell their shares and get out of PTAL because it's not part of their corporate strategy. Brazil barging will support current/future production. Lastly, there are people with millions of shares, I know several. I have millions of share myself :-)