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Sand Grove Capital, now at 11.14%,up from 6.43%
Time for the captain on our board to hoist the Ophir flag, taking down the white one forever, reverse course and steer our good ship away from the treacherous Medco reef.
Options a plenty, when traveling the seven seas.
gla
Massive amount of share shuffling between institutional holders last few days.
Bring it on .....
gla
Surely get some news by end of week
The spineless board are allow Medco to snap up as much stock as possible before they set a voting date!!!
Same thoughts NKOTB, got a feeling there is another party lurking in the background
Taking our time with setting up the schedule of voting. Not sure how long this would normally take ! Would have thought by the end of this week at latest.
"Further details of the Acquisition and the expected timetable will be contained in the Scheme Document that will be posted to Ophir Shareholders along with notice of the Court Meeting and General Meeting and the Forms of Proxy as soon as practicable...."
It's almost as if our board are buying time .... why would that be ?
Guys take a look at ECO. Dual listed on AIM and TSX. The AIM price on Friday was 61p, however the TSX share price is currently 70p. That’s approx 14% worth of caching up to do.
Low amount of shares in issue, plenty of cash but most importantly they are drilling in the hottest oil patch in the world. Right next door to Exxon’s 5 billion barrels find over the last 12 months.
Drills start in Q2, Total have farmed into ECO stake by 25%. TLW are the operator.
DYOR
Thanks Lc
Lets hope the big boys stop this sale
Think this next 18 months would have been good for ophir
GL
I think you're on the wrong board buddy
There was a certain joke in that if you are a follower of fashion but one tiny ounze will buy you over 23 barrels of the black stuff and given Condor can extract around 50k ounzes from open pit, which is just some dynamite and some shovels its going to be a lot less complex going forward(thats over 1 million barrels of oil with little investment). Condor are trading at 27p so keep an eye on as all ducks are lining up nicely and if the toll refining deal pans out could be a double bagger very quickly. The way the world is currently going i have a feeling gold is going to be very much in fashion.
Ha - gold is the new oil? You ever tried getting any energy from gold?
I just rolled over my Ophir exit cash into Condor Gold just in time for news of £1.75m raise and expected news of toll refining deal in next few months to bring into production. Gold is the new oil and Condor is sitting on around 2.4-5m ounzes of the stuff and stuck on a market cap of £19m? its got permit to mine 600k ounzes so thats nearly $1bn of gold. If the toll refining comes through Condor will be in production Q3 or sooner. Dont buy gold, buy the gold mine springs to mind!
Is the magic number now north of 70p.?
?
Cluff Has news on a farm in next week with s major could rerate on a good deal with the Major see Fridays Rns
Artemis 1.58%
Standard Life 7.11%
Dimensional Fund 1.84%
Norges Bank 2.37%
Legal & General 5.22%
Ruffer LLP 0.66%
River and Mercantile Asset 0.79%
Nomura International 2.456%(-2.456% ?)
Prudential Plc / M&G 9.31%
State Street Global 1.1169%
Carlson Capital 0.00%
Schroders plc 0.686%
FMR LLC / FIL Ltd 7.09%
The Vanguard Group 2.95%
BlackRock 3.47%
Barclays 1.25% (short 1.26%)
Petrus Advisers 3.29%
Azvalor 8.325%
Bybrook Capital 0.00%
Hotchkis & Wiley 13.4%
Carlson Capital 2.375%
JPMorgan 5.12%
Sand Grove Capital 6.79% (new entry)
Kite Lake Capital 3.39% (new entry)
Total declared = +90.5%
Recent large 8.3's over 250,000 shares
Bybrook Capital added a straight 3,500,000 shares at 44.2563 on 11th note ADDED
Prudential Plc / M&G added +800,000 shares at 43.87 on Friday !! note ADDED
Petrus Advisers added +880,000 shares at 44.71 and 45.00 on Friday note ADDED
Azvalor added +300,000 shares at 43.46 and 44.86 on Monday !! note ADDED
Azvalor added +1,100,000 shares at 44.84 on Tuesday !! note ADDED
Azvalor added +835,000 shares at 44.66 on Wednesday 16th !! note ADDED
Azvalor added +490,000 shares at 43.03 on Thursday 17th !! note ADDED
Azvalor added +260,000 shares at 44.87 on Friday 18th !! note ADDED
Prudential / M&G added +450,000 shares at 44.9 and 44.96 on 18th !! note ADDED
Azvalor added +266,000 shares at 45.72 on Monday 21st !! note ADDED
Blackrock added +270,000 shares at 45.62 and 45.45 on Wed 23rd !! note ADDED
Petrus added +3,600,000 shares at +46 on Friday 25th !! note ADDED
Bybrook added +438,000 shares at 48.9 on Monday 28th !! note ADDED
Ruffer LLP sold 3,500,000 shares on Monday 28th !! note SOLD
Artemis sold 600,000 shares on Monday 28th !! note SOLD
Petrus added +310,000 shares on Monday 28th note ADDED
Artemis sold 800,000 shares on Monday 29th !! note SOLD
Petrus added +450,000 shares on Monday 29th note ADDED
JPMorgan added +14,400,000 shares on Wed 30th note ADDED
ByBrook sold +30,800,000 shares on Wed 30th note SOLD
Carlson Capital sold +16,700,000 shares on Wed 30th note SOLD
Sand Grove Capital added +45,500,000 shares on Wed 30th note ADDED
Kite Lake Capital added +24,000,000 shares on Wed 30th note ADDED
Petrus added +400,000 shares on Wed 30th note ADDED
Sand Grove Capital added +2,500,00 on Thursday 31st note ADDED
Peel Hunt sold +600,000 on 31st note SOLD
Hotchkis & Wiley sold +1,700,000 on 31st note SOLD
Artemis 1.58%
Standard Life 7.11%
Dimensional Fund 1.84%
Norges Bank 2.37%
Legal & General 5.22%
Ruffer LLP 0.66%
River and Mercantile Asset 0.79%
Nomura International 2.456%(-2.456% ?)
Prudential Plc / M&G 9.31%
State Street Global 1.1169%
Carlson Capital 0.00%
Schroders plc 0.686%
FMR LLC / FIL Ltd 7.09%
The Vanguard Group 2.95%
BlackRock 3.47%
Barclays 1.25% (short 1.26%)
Petrus Advisers 3.29%
Azvalor 8.325%
Bybrook Capital 0.00%
Hotchkis & Wiley 13.4%
Carlson Capital 2.375%
JPMorgan 5.12%
Sand Grove Capital 6.79% (new entry)
Kite Lake Capital 3.39% (new entry)
Total declared = +91%
Recent large 8.3's over 250,000 shares
Bybrook Capital added a straight 3,500,000 shares at 44.2563 on 11th !! note ADDED
Prudential Plc / M&G added +800,000 shares at 43.87 on Friday !! note ADDED
Petrus Advisers added +880,000 shares at 44.71 and 45.00 on Friday !! note ADDED
Azvalor added +300,000 shares at 43.46 and 44.86 on Monday !! note ADDED
Azvalor added +1,100,000 shares at 44.84 on Tuesday !! note ADDED
Azvalor added +835,000 shares at 44.66 on Wednesday 16th !! note ADDED
Azvalor added +490,000 shares at 43.03 on Thursday 17th !! note ADDED
Azvalor added +260,000 shares at 44.87 on Friday 18th !! note ADDED
Prudential / M&G added +450,000 shares at 44.9 and 44.96 on 18th !! note ADDED
Azvalor added +266,000 shares at 45.72 on Monday 21st !! note ADDED
Blackrock added +270,000 shares at 45.62 and 45.45 on Wed 23rd !! note ADDED
Petrus added +3,600,000 shares at +46 on Friday 25th !! note ADDED
Bybrook added +438,000 shares at 48.9 on Monday 28th !! note ADDED
Ruffer LLP sold 3,500,000 shares on Monday 28th !! note SOLD
Artemis sold 600,000 shares on Monday 28th !! note SOLD
Petrus added +310,000 shares on Monday 28th note ADDED
Artemis sold 800,000 shares on Monday 29th !! note SOLD
Petrus added +450,000 shares on Monday 29th note ADDED
JPMorgan added +14,400,000 shares on Wed 30th note ADDED
ByBrook sold +30,800,000 shares on Wed 30th note SOLD
Carlson Capital sold +16,700,000 shares on Wed 30th note SOLD
Sand Grove Capital added +45,500,000 shares on Wed 30th note ADDED
Kite Lake Capital added +24,000,000 shares on Wed 30th note ADDED
Petrus added +400,000 shares on Wed 30th note ADDED
Sand Grove Capital added +2,500,00 on 1st Feb note ADDED
Peel Hunt sold +600,000 on 1st Feb note SOLD
Hotchkis & Wiley sold +1,700,000 on 1st Feb note SOLD
A question for the board. Could somebody tell me how much production OPHR had , how much debt and 2p reserves.
Off topic but as OPHR's days are numbered any views on where to buy next? I have moved to SIA and SDX both with significant news due this year.
People buying at 55p
Whats the logic if thats the offer and only going to get that back ?
When seen it tonight , and know thats my lot , was tempted to sell
BUT dont know why , am hoping its not a done deal , and all the big guns will vote no.
You too mate.
Thank you
Gl for future mate
I've not either, but did a little research yesterday on it and going on previous takeovers it seems it's about 21 days after the offer?
I think the board will let us know when the vote is in the next couple of days.
Medco and others will be hovering up as much stock as they can right up to the vote.
Hi Davstock
Any idea when the last minute will be
Will we have plenty notice
Never been in this situation before
I'm still holding but I don't think the board would have been so enthusiastic for this terrible offer unless they were confident that they have the backing from the major holders?
One interesting thing, I did a dummy large sell today, to see if I could sell them in one go and easy sell, so I upped it and tried a couple of times more and again easy. In all the years of holding this stock I've never been able to sell
or buy these in large blocks! So plenty of buyers and will be right up to the last minute!