I'm not really sure KRG is in any breach of contract. We may have thought business conditions would improve but it doesn't look the case
KRG is landlocked and its neighbours are not sure they want a KRG. The Turks invaded parts of Syria last year because the Syrian Kurds were starting to prevail. GKP looks great on paper but its a mistake not to consider the politics of the region.
I came into this share recently thinking it was a great purchase price, however since then I have come to understand why the investment community has pulled out. It would seem the KRG/ MNR have this company by the short and curly's. I do not understand why they don't stick their fingers up to them for non payment and start exporting elsewhere and bank the money. For me the KRG/ MNR must be in total breach of contract and I cannot understand why more isn't being done. It seems like they can single handedly put this company out of business. No further payments have been made, no RNS update as to strategy, instead we get an apology RNS to the very organisation that screwed them over in the first place. I'm baffled at what is going on with this company. Too much cash is disappearing and unaccounted for. At $50 per barrel, significant sums should be being made given that it costs only $4 to produce. Where is all this money going and why aren't the KRG/ MNR paying? It screams corruption. Whilst I believe that the assets and current position are great, unfortunately I cannot see any investment community coming back to this share as things currently stand.
Hi Oilman, it's been a while since opinions and views about the companies where exchanged. I know you have good and often first hand analysis of the company so I do pay attention to your views. Despite all the dross on this BB, perhaps you care to expand on why you think Longstrong's list of points are not valid?
That would make a good discussion point rather than the 'gybing' that is the feature of this BB of late.
Mick Oil63 is a very odd fella. Claims to hold GKP so presumably still believes there is value. But his comments suggests he expects the company to fail but doesn't explain why. By the way the bod haven't got away with it - some of the holders are not happy and will want pay back
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