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Thx Joe S. , Ghengis and DC .
Joe Soap
You are of course right. I had forgotten February.
Safe bet Genghis!
quite likelt he would have een pleased to see RT/AS go, and while he has no seat I'd bet he lobbied the chairman and new NEDs for it.
But the real power brokers here are Kerogen, and Roy Kelly's departure to un VOG may or may not be significant. Either way, going forward the co will be a different beast.
But ST, all hangs on the next ops update.
DC they did cross the 6% threshold on 28th Feb and announced it to HUR on the 3rd Mar who issued a late in the day RNS as 6.25%, 124,500,000 [6.2504%], which was rounded to one decimal place as 6.3% in their Monthly Asset valuation, for the end of February.
This was post AS departure, 27th, and would have been done around 14-15p.
The end of January valuation they reported they held 5.0%, (ie between 5.00 and 5.50%), and could have been increasing earlier in the month towards the 6%, as it fell from c20p on the 6th Feb with the 'no tie-back in 2020' update RNS.
HTH
Thanks DC
The buy/sell prices are not available; you have to look at the price around the time of the notification. There were 2 RNS's in December last year, on the 9th CA's holding reduced from 5.51% to 4.81% but he then bought back, the 12/12 RNS advising that the holding was back to 5.03%.
The holding has now increased to 6.25% (https://www.hurricaneenergy.com/investors/aim-rule-26) but as no threshhold has been crossed we do not know when he was buying and therefor at what price.
DC can you remember his last buy in price?
Apachewind
There's a fair chance that he was one of those doing the pushing and there's been nothing to indicate he has sold down his holding.
it may be that he is friving but I meant driving
I wonder if Berni has got his way as an activist investor - he appered to be anti AS and indeed anti RT. He wanted big bucks early on for gwa and RT did not want that. But with a dwindling hsare price perhpas RT less in vogue and Berni perhpas more so with the bigger players . This may point to more work on GWA to allow some sort of sell off and therefre 1 up to Berni - then we need Lancaster sorted out - Berni needs to get a return on what he has invested and I think that was in teh low 20's . If Berni is driving then he presumably will not be wanting to cripple the company but would seek a quick and easier route to see an acceptable return - perhaps then we are safe till we get to Berni's buy in price or just a touch above - hmmmmm - last pension pot now in cash and waiting in my sipp - what to do ????