The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Joys (not!)
N/M
Can anyone sell
CAnt get a price - scary - cant sell
R u selling today Swell? Ps geo political understanding should have saved me 600k
Eye C why the hell are we holding? It was always coming
Did you see this ArmasMax?
Fiona Hill, a Brit, is a former National Security Advisor to 3 US Presidents, but those like Straycat and Indrid know best. lol
https://twitter.com/RussiaUSA/status/1657678337693868032?s=20
Not looking at all good here, think it’s time to cut losses and leave with a shade of dignity. Can’t believe there’s sausages out there still trying to mitigate their dire choices by blaming some non existent geopolitical situation. You pays your money, you takes your chance.
Amazing how everyone gets out with a “small profit” before advising others to exit.
Sold some more - this will be under £1 before the end of the week.
PIs - last chance to bail potnetially with oil falling
Well, I was initially wrong as well. Had a brief dalliance with Genl, took the last dividend and a small capital gain and ran.
Clearly the politics are complex, bitter and could go on for a long time. By Christmas GKP ought to have attempted serious financing deals or it is junk bond time or another dire D/E swap.
As posted before Genl could help but it's up to them and you would still have a valuable company (if the pipeline reopens) with >500 STB reserves.
Where do you see the next support if this level is breached?
Back to (weakfish) technical support levels
But tick tock tick tock
The reality is what I said day 1: Russia, and China, have united the world to take out all Anglo Saxon/Zionist interests as they see it. They have presented a multi polar world to the world and the world want to try it. We are a blip in the ocean. I'm down another insane heavy 6 figures. I held, and I knew all this. That's how hard it is to follow one's gut: makes winners from losers
To pick up and keep sp about 110p, the BoD should announce and use funds to do a share buyback!! Give some trust and backing back!!!
Really appreciate your response
I actually do believe they thought it would be settled very quickly - that, after all, is what the MNR were telling them.
Their lack of knowledge and deep understanding of TR:Iraq:KRI issues is lamentable.
ALL of these small "upstart" oil company bosses are greedy - it goes with the territory.
As I said, they now have to be very careful otherwise the stool might be kicked aside, the noose will tighten and ....
That is exactly what they should have done but greedy and overly optimistic - coudl be a ploy just to rape the company and hang investors out to dry. Not being negative just realistic
I queried at the time, as to why they didn’t claim a “Force Majeure” and suspend the share or do you think, that they sincerely belief that the closure was temporary?
Bet they are still taking their salary and bonuses
Fine tuning will be required...
The CEO, and any of his colleagues also taking part (especially the CFO!), will have to be VERY careful how they formulate their statements on 31st Aug.
Too much bravado or too much "concern" could cause the market to take extreme fright.
What is needed is a balanced review of the current circumstances, with not only the extreme-case scenarios being carefully addressed, but also the real potential for GKP's future as a financially healthy- and going concern.
Until now the company auditors have been suportive of the "going concern" payments situation - that financial standard goodwill could now be tested most severly.
THAT, in my opinion, will be the real challenge to be addressed by the CEO on the 31st.
Well, it looks like the pundits were correct, in that this share is in a veritable collapse and having held for almost 14years to the day it’s become yet another sorry tale. The impotence of our Board and their deafening silence is palpably disquieting and disappointing.
It’s obviously being played out once again with no logical conclusion forthcoming or on the horizon, but who I would dearly like to know are the intended beneficiaries.?
Sorry 50% loss
I just sold £4k at a 30% loss - have to honest, v worried that this is just going to keep falling and falling. No news is 'bad'news and brent is about to dump. I just cant see this getting resolved soon - its just all quiet. GKP are a disgrace to have provided no updates
Was it a buy though !! I know every sell there has to be a buy someone bought though .