This share I believe alongside the other KRG fans will only climb there fuel is needed ... My concern was Security and now I think that's covered. Now I go into silence nobody talks to me anyway peace to the world from the deaf kid.
There has been much talk of takeover of GKP of late. As a long term shareholder that is the last thing I want to hear with the shares languishing at 15p. Much credence has been placed in various bodies in the data room, with an assumption that this is a prelude to a takeover. However it is apparent that the hoped for bid has failed to materialise, even at these levels. That however is based on possibly a misguided assumption that the companies in the data room are preparing a bid. My much preferred option would be that the data room is occupied by parties wishing to acquire the BIR. If the BIR. Were sold by the KRG. Raising much needed capital, this would put a realistic valuation on the asset and I believe lead to an inevitable rerating of GKP based on the sale price of the BIR. The advantage to GKP of the sale of the BIR would be that the purchaser of the BIR. Would also have to pay to GKP 25% of costs to date, currently in the region of £1b. Which gives a figure of approximately £250m. That figure has of course significance as that would wipe out the overhanging bond commitment. With the bond commitment now covered, it would enable GKP to move forward with development in the knowledge that costs would be shared 20%MOL, 25% owner of BIR. At this point GKP begins to look like a very different proposition. That so far is pure conjecture on my part. However I will now draw your attention to the statement made by DNO who stated they were looking to swap KRG assets for debt. Now assuming DNO do not wish to acquire the Erbil municipal swimming pool, I think that was a straight read through to the BIR held by the KRG. It is again an assumption on my part that this refers to Shaikan but if that is the Jewel, then I think it’s fair to postulate that that would be DNO’s ambition. From DNO web cast "Of course the KRG in addition to a cash recovery of all these receivables is in a position to contribute other assets perhaps they have as you know interest in all the fields. It’s possible that there would be a trade or discussion that part of the receivable will be offset by other kinds of assets, that’s a discussion that can be had, that would be appropriate time as well." The web cast exert is from B.B. A Saturday night post based on conjecture only, so all in MVHO GL SZ
They would most probably have a price list that is monetary denominated....in the currency of which ever country you are purchasing said cafe latte Cash or you could use your credit/debit card for payment. Nothing complex about the transaction...:-)
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