Wednesday July 23, 2014


So who thinks that the Jews are cockroaches? Who are you backing? Israel or Hamas?
Report from the Greek Hovel Number 12 – Coping with Fear
Rats, Bats & Sheep – Report 11 from the Greek Hovel

PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

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Petrel Resources – Valuation Not Justifiable

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- Tom Winnifrith

Apologies to my friends John Teeling and David Horgan who run AIM listed Irish oil explorer Petrel Resources (PET) but the valuation of your company is just not justifiable. At 19.375p the company is valued at £14.4 million. Even the house broker Northland gives a valuation range of 3.6p (base case) to 14p (maximum best case). The share price is simply far too high and here is why.

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