I concur with your sentiment.... krg seem to be no better or honourable than Baghdad, if they were, they would at least come up with explanations for the delays and reassurance of it will happen and when... but they don't ! Always promising tomorrow, next week, in the near future. However, I must also concur with 4leafclover, in that it imvho it will improve, for two main reasons, the big institutions are still there, WHY? and the whole world, would NOT trust them ever again and leave them to wallow in self pity at what could have been? i.e.: a region/country changing period to riches from rags? Not to mention all the help would disappear... faster than it appeared, as if you can't be trusted, au-revoir. Finally what I can't fathom, is why go to such lengths for what can only be a very small percentage of the remaining PI shares ? Ending on a positive note... I can only guess, that they must be going to RISE higher than Everest :)
Two slight flaws in your theory , firstly if GKP thought they were in ANY danger of going to the wall due to KRG not paying their dues then I don't believe they would give a monkeys what the KRG were telling them to do re info release !! O feckin PEC couldn't stop GKP shouting from the rooftops about Joanna what's her faces box etc !!! And secondly you are an absolute door handle who no one and I think I speak for a few on this board give a damn what you think !! You are a wind up merchant so jog on sunshine ; )
Changed the price to 60pct of my shorts to 20p today from 35p (rest will target 5p). Almost past the point of no return now as the expected 72m left will run out in 3month time with the 27m interest payment then due if no payments from KRG. No evidence of any local sales.Even if we get the 15m a month for Jan and every subsequent month that is all consumed with OpEx and CapEx so we get very little to put aside to meet the Oct interest payment and other future committments so the business will continue to have the albatross around its neck of the market expecting it to run out of money at some point. No evidence of any progress with asset sales, indeed I remain totally convinced the reason the KRG won't let GKP publish anything earth shatteringly positive about the assets is that it wants them back first when GKP go bust and then the truth will magically come out. Am sure most here are invested in world class assets, a shame things work sometimes to ensure others will eventually see the benefit of their worth. Shorting only way to make money out of this from here. I'd hazard a guess that new CFO is only there for the new GKP (or probably KRPC as they will be renamed eventually) and share options in current guise struck off GKP price are window dressing. I don't believe for one second there is a new funding or equity issue route out of the abyss GKP have now slipped into.
After 5 years of this I'm getting close to calling it time.
I have held through thick and thin and exhausted by seeing the constant bashing and red appear next to GKP.
Even this last week I decided not to even look however was tempted today after the RNS to drop in and shock horror we are down again.
This has been a real life lesson for me and can understand why nobody wants to put anymore money into this company as 100% KRG are pulling the strings leaving us at the mercy of the Wolves who decimate any positive move North flooding the rise with thousands of algorithm sells.
As investments go like XEL I'm about to right this off for the immediate future and can only hope for me and the many others we at least get out break even which from this price would require a 3 fold rise which in reality isn't going to happen anyone soon.
You guys know I'm on this board a fair amount but have tonight hit my wall and need to put serious thought in trying to recoup the damage this CPR caused that GKP appear not to give a hoot about or are as I mentioned unable to which makes me wonder why wait and see even more of my hard earned slip away.
JG is human and makes mistakes. He never took time to understand his President. Obama made it clear that he wanted independent's from the Saudi and also made it clear that he wanted his troops out of Iraq. His President also used oil warfare to boost the economy and is also an avid campaigner of green technology. On this side of the pond we follow whatever the President does but the UK made a lethal mistake.The day the British government had to vote on ACTING ON SYRIA, the Labour party (utter idiots) voted against and as a consequence Isis was born and the world did nothing. Had they voted in favour we would not be here.Unfortunately the Saudi's greed for market share lost to the Americans is being taken up by rogue African countries run by dictators. These dictators in turn use the cheap oil to grow their army's and are now all pretty much all fighting each other and this is what our great CEO totally failed to envisage in his long term plan. The continual postponement of the Iraqi budget in my view is also calibrated with the Iraqi President visit to the UK to seek reassurance from both Cameron and the US, today's quantitative easing statement and the reaction of the oil price.Iraq is like Russia, they only have oil & gas so any budget needs to know what the income is hence the announcement after the 13.33 hours statement by Draghi. Who will suffer the most from the oil slump! In Europe it's the UK and Italy's refineries. Rest of the world! Venezuela and Brazil. Russia! Not a problem, they are already pumping out more oil than they did in 2014. JG had his blinkers on, stayed focused and achieved his goal but forgot about the rest of the world and got us all swimming in a big pile of cow dung.He only cares about production; he gets a salary and dreams that the oil price will rocket again when the rest of the world are saying it isn't. He's right and everyone else is wrong! Point blank....He f@##ed up.
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