YES I REALLY do sympathise with you, longer term GKPer's but, it just seems never ending - one minute its all go, next whoa all stop and it is just one excuse after another, if it wasnt for the "possible" LARGE pot of "black gold" at the end of this extremely long rainbow, I had considered, taking a PILL and walking, but, it is people like yourself, card. tccp, chand, that keep me going :) thanks chaps - first crate of bolly is on me (for putting up with me lol) as you say long and strong - but with a little whinging along the way :)
must we jump for it rises and rises ? so to bang on... but, exxon rumours and court case £4 / pre court case 1 to 1.40 post court case 2.28 - then move aim to lse down, then cpr down, then bod pay cap etc down, then rns brief rise (pennies) now down again ? Its all arris about face ? it should have been a pound pre court case and other influencing factors and now moving up to £4 on the strength of funding etc ? weary weary weary at trying to 2nd guess this - patience is running out :(
Gulf Keystone (GKP LN) has announced the pricing of its previously announced debt offering, the terms of which are in-line with market expectations. The company has raised the full US$250m (3 year maturity) at a coupon of 13% plus 40m of detachable warrants with a strike price of 102p/shr. Today’s news alleviates any residual concern in the market that the offer may not succeed and will dramatically improve the company’s liquidity position. GKP had previously stated that in a worst case scenario it would be in a US$20m cash deficit by the end of May increasing to US$103m by the end of Jan 2015. We expect the shares to build on the relief rally of the past few days.
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