Just speculation but I think the 350M have a home in the Ukraine and Georgia and not part of the share dumping that has been going on (that is SN's buddies that will be paid back one he has his hand on the spare billion). A lot has happened very quickly and bumps in the road would have to be smoothed over and 350M would just do that. Hence no news on these 350M shares home from FRR - not saying these are bribes but thank you gifts.........
Yep - that's my view they have alot on the go but I still think the RPN issue will have to be addressed in part this summer. Can't see they will report each fracc completion or workover or even any of the 8 new wells outside a quarterly ops update (due september) - we still have 1 well they started in 2014 we don't know what happened. But Niko re-entry is bigger news and the sort of thing you would want to put out at the same time as the RPN conversion. Would they then update on some of the other stuff maybe - but as likely to refer back to April/may ops update and the notes in june accounts with minor update maybe. Timing wise we don't know when they started but they could easily have been going at it now for between 1 and 2 months. You would think the 350 m shares placed in May were shifted dangling Niko and the other activity in front of the investors.
Predicting a date is harder but the time horizon is shrinking every day with August a midpoint of potential dates ranging from July through september you would think. The reason one needs to be careful not to be all out is that this share could easily at some point see a major announcement around Mtsare or Niko and gap up.
Puddy - adding to what Mole says we will just have to be patient. And if there is a deal brewing (and I think there is) this and the steps that lead to it will be the central focus. They will largely ignore all the "noise" until they are ready.
And a late notified from this morning. Someone is busy scooping these up around this price. So still positive and for me we have held onto this level - but the trading is unusual I think.
Puddy - they will speak when they are ready. I think they are waiting for Niko to start a series of information flows that could well wrong foot a few people who haven't got their head around the size of the assets here. But plenty of anecdotal evidence here they are not just stringing us along and that they are actually up to something.Testing time as ever. The lack of large scale action here can only be attributed to suspicion caused by the way things have been done in the past and a healthy suspicion of who now really owns and controls the company and is providing the backing behind SN.
With oil under pressure it ain't doing too bad this week.
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