Thursday March 30, 2017
Article 50 triggered - celebrations as 40 years of family woe comes to an end
Floreat, floreat schola Warwicensis at Twickenham today
Saying Goodbye to my father...but, thank God, that was only a dress rehearsal: Good News from Warwick Hospital

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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