The tiny Irish stock on the brink of landing 'the first' post-sanction oil deal in Iraq. Ref 'Fleet Street Letter' 12-04-04..

hope that makes you all feel better

Tokyo

My sentiments exactly sandrew64, oh and thanks a lot Tokyo. I think everyone should stop phoning and let him sign some goddamn deals!!

Tokyo can i have permission from you to help spread the news?! If thats what DH wanted!

tokyo,
how the hell did you get DH to say so much!!!,how many bottles of saki did you promise him,brilliant answer though.
well done,
dexter

107606 - yeah go for it

dexter01 - as you have been with me for a while on this BB I wanted to share the info with you this morning, but didn't have your e-mail we should have swapped those long ago

enjoy the ride

Tokyo

Cheers Tokyo!

tokyo.
whatever your inquisitorial modus, WELL DONE!! your lastest posting DH e-mail have helped to calm my nerves if not the markets. Great stuff
scottie7

Why is it going down today - now 100p.

hlyeo98
Because they hav'nt read Tokyo's e-mail from DH. My suggestion, hold your nerve (and mine)and get ready to watch them climb throughout OCT.

scottie7

hlyeo98:

There has been no news from the company...the overall market is down....and until the company announces a deal of some sort the MM's can make their own price based on the level of 'buys' and 'sells'. Suggest you read Tokyo's earlier excellent posts, and take a view on where this SP is going! Like others I take the view that the base (underlying) story has not changed so plan to keep, and in fact increase my own holding. It's entirely up to you, and the level of risk you are prepared to take.

thanks for your advice, john and scottie

Bought @159.75 and still holding because simply I have lost that much on paper I have to let it ride. The simplest form of volitility is supply and demand and yesterdays/todays drop do not equate to the figures traded. The MMs are doing a shake but also we have to contend with a massive overbought situation. I bought in because of expected news and here I stay.In the meantime I have applied for a job stacking shelves at Tesco.z

Hi
yes it is true the MM's are controlling the price, it stands to reason , in their eyes, that the price stays at a discount so not to over expose themselves but remain ready when the rocket sets off, which they
surely will. They, the MMs, have been very busy hedging for the past week. In my eyes the buy/sell ratio has little bearing on the price or we would be looking at a flat and not the 10+% downside,showing on my screen.
scottie

yes it is true the MM's are controlling the price

who and what is MM ??

can you tell me

MM = Market Makers.

This share has been ramped up on supposition and hype,i bought these myself in the belief of an early conclusion to the three contracts bid for by pet.However this is dragging on longer than most expect and so i have sold my holding at a small loss yesterday as i can see by todays price this share could still fall quite a bit more, If thats the case i will buy back when the price is more stable if iget the chance.I would not take to much notice of these mysterious EMAILS that supposedly come from DH and JT i cannot see a MD or C/MAN discussing company business to all and sundry in this way . My cmmonsense tells me this could be just more hype to try and prop up an already falling share price . However as always DYOR . REGARDS S24

Hi Universe
The MM's? this acronym stands for the Market Makers, those who decide what price you buy and sell your shares. Broadly speaking they , the MMs have the
job of buying/selling our shares at market price. the market price they manipulate to earn their crust. the present plan seems to be, force the price down AM and manipulate the share throughout the day to keep it down.
If you were around for the rise through 40p to 60+p remember the fall prior to the 1.00 being breached. well that was the MM's ahead of all us with the expectation of news.
scottie

And a lot of people bailed when the price dropped last time and rued the day that it shot up, will it happed again?

You always know (or should) when you buy a share like this you need to be prepared for the bumby ride. It is a little bit scary when everybody starts to panic, never invest money you are not prepared to lose in a share like this. I bought high and like it was said earlier, 'what has changed?' 'nothing' is the answer. There was never any guarantees, im in, and im staying in until the news is announced. If the news is good we are well up and tough for all those who lost their bottle, if it is bad, well who's the mug then. Good luck everyone.

sheny24 - as ALL my posts on this board will atest I have done plenty of research on PET, the e-mails that I've posted here and on other boards have all been verified by PET, if you check the advfn board you'll see this to be true, or better still ring PET and ask them, sorry you sold out too early and made a loss, but your post is well out of line, if you buy and then panic sell without doing any research that is your own fault, as MY common sense tells me DYOR!!!!!!!

Tokyo