consolidation next again will it be when down two one P, I know one thing here us as share holds have loss out big time all because we got two greed when it hit £4.50 a share all like what people post on here thought they were right . that was were we went wronger . lesson one hard way to lose money .
Fundementals... not a peep because not allowed to speak! I mean why apologise to mnr publicly and for what... because they were TOLD to apologise ! Just like they are told to say nowt and told to pay MP a huge bonus - FOR WHAT... No back payments, no pipeline oil just trucks and now Turkey (Erdogan aka O Danger) recieving oil... under table deal imo...
This seems to be the biggest legal ponzi Ive ever seen and the UK and USA govs are doing nothing ? WHY ?
The oil must be tremendous, as is the greed as is the corruption and we (pi's) have been wiped out due to not selling out when expected!
Never have I despised a BoD of Country or political party or MP as I have those concerned with this Co / SP!
That sees nothing mentioned about GKP or its crooked crew on social media, why ? Zahawi is always tweeting for all to see so let him see what we think of his indecent bonus from a company he is part of and a company that is in a downhill spiral. He seems to be involved in companies that crash so let's ask him how he can be paid so much and does he admit this in his outside interests. Let's Tweet on the home page, just click on the little house for the whole wide world to see what we are dealing with.
The biggest problem here is the deafening silence of the BoD, they claimed a relaunch of the company yet I haven't seen any positive communication from the people that are paid to run 'our' company.
One of the prime responsibilities of any CEO is to protect and grow the value of a company yet I don't hear a sqweek how this is going to happen.
The fundamentals are strong and at the moment sentiment is playing a huge part but the management should be coming out fighting regarding the performance of the field, strength of the balance sheet, regular payments and huge potential for uprated CPR...
Oh well guess the short attack continues and lack of fight back speaks volumes!
I think the remaining debt holders will be the ones that emerge with the genius tag here. Revealing who they are would be very instructive in terms of the ultimate outcome here and best course of trading over coming year. Balance sheet looks OK at moment for survival at least with cash in excess of debt and regular income coming in and a plan to ramp up production short / medium term. However ask what situation might be in 12-18 months with committed expenditure going out the door and, dare I hypothecate it, unexplained KRG non-payment of amounts due? Could end up with the hedgies that took large equity for debt diluting us PI's out of existence end up with the business taken away from them also and the remains bond holders get their hands on the mighty Shaikan? Purely speculating whether the KRG or their associates hold any material part of that residual debt?
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