Company A Sales - which are primarily clothing - fell 4% in the second quarter. Despite the drop, boss Marc said he was "pleased" with progress in "challenging market conditions". Shares rose 8% in early trading. Analysts said the chain's performance was largely better than expected. Half-year pre-tax profit fell 0.4%
Company B Huge turnaround in profit forecast. Rigs in use doubles. Costs hammered. Significant development finance in place. Shares remained flat on early trading with a small increase of 1.22%
The first two weeks of August used to be a trip to Porthcawl or Barry for the S Wales miners, day-tripper. Coal production was 0,0,0,0 x 14. In same way, weeks of August may be rest weeks to enable 260 staff (including Will) to work in hotels serving summer holiday holidaymakers from Britain and USA.
If that is case, fabulous September given that we only had permits for two of rigs. If not the case, please stop leaking the daily production return for August that you must have found on Rory's desk.
I'm not here to prove anything or try to impress anybody, just trying to have reasoned debate on subjects affecting the company. If you wouldn't mind, just for my research, pointing me in the direction of the "exceptions of prohibition" please?
Also, I noitice you use the word IF a lot? But what if the opposite happens to what your saying, too many variables to be sure of anything. Once again agreed ultimately they could in 5 years time own 50%, but with initial $20m, we should see a ramp up on production. Also we don't know all the info on the bonds, call features/put features/coupon price etc etc maybe this will be shared on completion.
Which question? the one on takeover act? I think if you research further, you will find that there are a number of exceptions to the prohibition.
You are just fond of taking things out of context to score points in order to boost your ego aren't you?
There is nothing to prove here man. The deal is done and the result is if RRL can't pay, they end up with the company. If the SP is over 1p, they will convert and end up with 50%. So what if they have to dispose of the shares? They make a big fat profit and your stake has been massively diluted.
Just remember, 9 billion shares. Go work out market cap and SP relationship based on that.
the company as clearly stated that there were periods when no drilling was occurring, I don't see how you can dispute that.
DT was correcting you for saying that no drilling in august does not equal no production. Again I don't understand how you can dispute this.
I seem to recall the development and step out wells have a meaningful lifespan of around 2 years, but with a steep initial decline rate, steadying off, and a payback around 12 months. After a while they become candidates for workovers to try and squeeze a bit more out. Please don't try to patronise me.
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