Explained what i am doing in a post last night. Nothing more complex than that. As i explained in a previous post i used to be long GKP, lost a fair amount when the CPR bit in March last year and started to wake up that all was not as many make out with this company. In particular, it was always the case that regular payments were king and, in my opinion, these have become less and less likely to the point where i don't believe anything much will materialise in the next few months. It seems many on this board want to bury their heads in the sand as to the highly precarious nature of GKP's current situation. I am not and i will back my judgement.
lc, she's not meant to be. She's very part-time & non-exec. If she's had time yet to formulate some PR strategy adjustments, they will inevitably take a little time to filter through to the workers via JG and arguably, in the absence of any senior marketing person, Tony Peart, as Commercial Director. Antelme is the man at the coal face and has been for years.
Barzani's first priority is to the people of Kurdistan. Budget payments are desperately needed in Kurdistan. GKP are fairly low on his list of priority's, payment of salaries fighting a war, refugees. These will all take precedent over GKP.
That said once A share of the budget is achieved who knows what will happen these guys rarely play by the rules.The budget is set at $55pb that is way over prices being achieved so their will have to be production over and above stated targets to balance budget. If GKP can achieve payment for production going forward that will stave off the Armageddon scenarios being discussed.Back payments will eventually filter through. AIMVHO GL SZ
Showed your hand a bit early and to others gkp is nothing like Afren we are producing some of most easily retrievable oil in the world if they let gkp go bust they are going to burn a lot of bridges for future investments also imo i think isis apart the kurd region can become a mecca for international oil rich community if all the factors fall into place im off for 1 month now because this is getting tedious so good bye to barnaby the bear and others expect you be around thenGLA
Reasoned argument. However Obfuscation is rife in many companies these days . Greece is an interesting comparison to make . Not sure it helps GKP's case . I wish you all the best in all your investments . Afren is a good example of debt crippling a company . It's not fair to compare with GKP I agree .
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