JS490 is that not GOGC job ? Next snippet from their website under strategy : Commissioning, rehabilitating and replacing oil and gas pipelines on the territory of Georgia. Designing and Constructing new pipelines; Building, sustaining and operating necessary infrastructure; have they been frozen out for this activity ?
Great posts which are from a genuine holder. A massive risk here and who knows how large the cake will be. I think it will be massive and hopefully will end up for the shareholders who've kept this company alive buying headroom etc. I think the pie is massive, market the same and ability to monetise is there. Hopefully SN et al had the sense to ensure the defensive shares released to the service providers are back in the right hands, SN's. 2.3n shares certainly haven't flooded the maket as we'd be below where we were 2 weeks ago. A lot in play here. CLNs rolled over, 20 years work from SN et al traders in and out but gasification is happening and that news on gas sales should happen any day.
Mole very good post it pretty much sums up how I feel
I went digging for info on our Mr hope today and found it rather hard to find any positives. Again thou it comes down to SN not communicating effectively. There has been no reason for Mr hope joining also no nice write up on end of RNS saying we welcome him and expect his experience to help the company to fulfil it's targets bla bla black. it's almost like SN has reluctantly been forced to allow hope on the board. I wonder if money or should i say dept was used as a leverage. if so it shows how right my previous post is. let's hope that Mr hope is here as a good thing although his company is nothing more than a ambulance chaser but on a grander scale and in business world. what I often call predator scum
How they shouted they passing secrets to get a hostile takeover and then fight them in court then give them a job on the board were they get to no everything there has got to be a reason sn has done this I still wondering it all seems to have turned round and bit sn in the bum I still wondering if outrider had something on sn we will never prob find out
Well building up debt, not doing director buys, service providers exiting equity position, arrival of potentially hostile player on the board, delays in operations and low cashflow, driving down the equity price to maximise conversion....Seriously we have already seen several red flags here. I am locked in so hold here but the risk here at the moment is very high.
Positives at the moment would be the fact that they appear to have sufficient cash to enable operations to continue without an emergency fundraise agm to increase headroom and that the rollover means it's unlikely it can be used to force a restructure on its own.
I think it's highly likely we will only find out what has happened once papers for Agm issued. They are as usual running a tight ship meaning it's hard to work out which way this will play out. I think we are likely to get something like last june. Anyone who thinks they know needs to be careful here. I'm still broadly positive but would have felt more relaxed with Hope not on the board and letting the operations do the talking.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.