One or two quite interesting points in there by HUB.
btw a 10% "headroom" for extra equity is entirely normal. The potential issue of another 100m shares, via a Rights Issue + Open Offer, or a Placing, deals with any "running out of cash" issues in case of spluttering payments for Gulf's production. Belt and braces.
The mistake before was not using the previous headroom earlier, when the share price had been higher. They ASSUMED they would be paid, and got caught out. The Swami is I think too smart for that, and now we've got Jon Bon Jovi on stage.
So each and every one of us will lose another 10% of the company. Is this good news as in giving some extra security to the company?, or is it just dilution dilution dilution. 100,000,000 new shares Thoughts?
Often the case that the first offer is a marker to gauge interest which is then followed by the higher offer.
I suspect when GKP finally gets an offer, it may be the first marker game play too.
100mln extra shares added to treasury looks like a safety net rather than a 'planned' equity raise.
Perhaps 'they' are indeed close now to an offer or asset sale.
Whispers in Kurdistan suggest several major consolidation deals are on the way which would certainly get development on the move again.
I can't see the new CEO going to the AGM without a decent ops update before the event as he won't won't to be dealing with unnecessary questions.
I suspect an ops update will be out within the next 2 weeks.
As for Guthrie, like Murray, Kozel and GKP have damaged their reputations imho as both men sat through some really ugly corporate stuff, with Guthrie sitting through some disgraceful actions by Bod's especially in terms of remuneration.
Darby won't be getting my vote - she's proved utterly useless so far and seems to have been an appointment to try and bolster Murray's reputation or try and patch over his sexist comments of the past.
GKP will soon feel completely new again - question is.... are T5 coming in to sit on seats or do we have some new interesting faces lined up?
anyone want to try to evaluate the changes. Everyone who was there when Todd was there and the pre CPR estimates where in pn place, has now gone. Now is that so the company can turn to shareholders and say it was false but they have got rid of all those who faked it? Or is this normal progression? Is it all part of the game? With new CEO why did JG leave the company at AGM rather than stay in another capacity? Why is he waiting until AGM? positive?
Those left or leaving, have they sold or selling their shares, or holding? I thought i knew GKP, but i know less now than 4 years ago.
Suspect they are not leaks but a managed release of information. Nothing has be released at a time that would be sensitive to the trading of stock or proven in anyway inaccurate. If they were leaks some misinformation would be released to find the source......
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