Well AGM didn't go to plan and was kinda expected as clearly some posters tha wanted to put their shares forward , didn't follow the instructions on how to vote (or perhaps abstained)
That said , you can see that the response was higher than last year , but I we ever want toake a strong case , we'd need at least 300mil shares on our side ( £4mil for anyone who's got that??)
That said, people talking about cash burn blah blah, but don't understand that from Jan 14 , all new drill expense can be claimed at 100% against tax. This is massive for all operators in Trini and means we won't need to pay any tax on new drills which from forecasts, looking to be loads next year.
U could argue that PL has promise stuff before and never delivers and I would agree to a point. But I can't see that been the case now that all the right incentives in place
Also let's not forget that we have Colombia next really an of course Gautemala ongoing with Aztam and tortillas re-entry.
Think we could all do with them telling us IOP off tho as that has contributed massively to the SP decline more than anything else.
Doubt if we will see the price level by end of the day but ISDX trading is running around the 10,000,000 mark and there has only been one obvious sale in the last hour as all the rest are pretty near the ask The tide might have turned.
Complex algorithms are mostly to do with assessing the market as a voting machine. But as we all know it eventually becomes a weighing machine. And part of that weighing is in intangibles such as good will, team experience and local knowledge, all of which have a value. I am extremely sceptical about algorithms working those values out.
Complex maths is only good for some things, and with the derivative market has actually got us in one hell of a mess. So complicated no one knows who owns what debt!! The definition of inappropriately applied intelligence being extremely unclever.
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