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10p here we come. until deal is final IMHO
Krakenoil
So an RNS was issued as I predicted AND and a waiver was needed, which has been granted.
I hope you have the humility to apologise.
Best
Happy
watch and learn harhoo.
Shell cutting 9000 jobs. even the big players are struggling to make money.
lets see. $40 just touched.
$39.90 nearly there.. $40 resistance imo.
"I bet there is an RNS after close of play."
I doubt it, it looks like they still haven't got anything on the stable platform agreement or the existing credit agreement, so I guess they've not been able to price the open offer either.
What could they say "Mission Not Accomplished" My understanding was they wanted to get this all done by the end of September! Feels like it's going to drag on and on. Bit of mess, and I suspect creditors have taken on all the talk about transformative deal onboard and want more flesh!! 45 DAYS and counting.
https://www.youtube.com/watch?v=NAEppFUWLfc&ab_channel=SimonGarfunkelVEVO
Happy, you know FA if you did then you wouldnt be posting such drivel , do yourself a favour and email IR and ask them directly and they tell you straight, you to Jenny
No drama in UT, so... no RNS ?
I bet there is an RNS after close of play.
The 45 days has long since passed for the covenant test in relation to quarter ended 30 June 2020. That test was deferred through to 30 September. They're not going to another 45 days if that's what you mean.
Eh! Wasn't my comment supporting your post? Are you not saying they have another 45 days? I'm confused now.
Read the bottom line Jenny. Or am I wasting my time on yet another troll.
If they have another 45 days it explains why the share price isn't reflecting impending doom
Looking into the covenants. PMO are already in the process of getting an extension to the stable platform agreement and would hope to get that within the next few days; note that under the existing refinancing terms, they need to demonstrate covenant compliance or to have received forbearance within 45 days of the testing date.
energy stocks down 15% in the month of September. month not over yet though.
They're cutting it fine, maybe they have EU trained negotiators
news coming ? Lets see what happens
Reuters have not published any new article since yesterday. Surely they are following those reliable sources to get news but tight lips suddenly. expected a RNS today morning. may be we will get one after hours today?
Krakenoil, may be if you can ring the IR? I tried calling today and I was told that I will get a call back but not heard so far. Atleast the staff is there in the office today so PMO not folded yet!
" it was a little foolish mentioning had talks with Chysor".. they had no choice in the matter, this would have been a takeover panel requirement. All bona fide discussions of that type have to be notified the the TP... if your shares move unusually or there are published rumours you have to disclose immediately.
Suppose no news is good news but can’t he’ll thinking it was a little foolish mentioning had talks with Chysor when debt holders had been agreeing with the deal to extend the debt out 4.5 years, accept the purchase of BP assets etc! Bit cheeky, they might be inclined to make PMO sweat a bit!
Suppose we should get some clarity today, maybe I missed in a previous RNS it might have said debtors agree to extend covenants until deal is done, rather than just end of Sept, then of course who knows when we get some clarity on our future!
LTT