There might be some decent upside if the AGR deal goes ahead but the downside if it doesn't will be catastrophic, could well spell the end of the company in any recognisable form (almost certainly in terms of there being any residual shareholder value). It's too risky at the moment. We know the AGR deal has hit problems, that alone should be enough to send any potential investors running for the hills! I'd rather go stick my money on the roulette wheel than reinvest here...
I reckon the way the Directors are trying to hawk this around, the AGR deal and the family behind it will not provide the easy going lifestyle that the BOD have enjoyed up to now! they will work or be out on their ears.......... I mean of course that the BOD are looking to maximise the share holder value for all of us !
I did wonder if a buy-out is now more likely, it'll be at a pittance but probably a good deal for shareholders considering the current price and risks! I don't know what's taking so long with the AGR deal, there is obviously some major sticking points but there is no info from either of them saying what it is. If I was the Kaz Government I'd prefer that NUR1 was drilled by someone else, someone with a good track record! But yes it will be drilled at some point, by someone.
Here and holding. We are producing and news is reporting a rebound in the oil price. Production is taking longer to ramp up but repayments are being made. I can see the offer being voted though or indeed a counter offer for 100% now coming in at perhaps 80m which is a bargain for the acreage. NUR-1 can only be drilled with someone with some money and that is the facts. Need 20m to complete, but I think everyone would like this to be completed - could well be transformational. I have my ticket - just waiting for the draw.
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