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I think the PMO tweet in response tonthe incorrect and misleading article in the Sunday Telegraph is very positive and will more likely give a boost for sp to spill over £1 finally.
Imo of course
Premier Oil have replied on Twitter
Premier notes today’s media speculation that a certain group of its lenders are demanding the further disposal of assets. This is factually incorrect and misleading. Premier continues to expect to conclude refinancing discussions in Q1 2020.
NSTAbz
My friend I hope you are correct, but I have been with PMO for last hard 5 years and have seen the dramatic falls that take place for no real reason at all, even after wonderful yearly reports.
I agree with you the company is doing very well, but it all depends on what the market makers want to do with it.
Keep our fingers crossed for tomorrow
Regards John
Wow! Why will this drop 15%? All the information (fake news) in the article is old news going back to June this year and PMO are already in the process of selling Zama. Oil price is at 65, re-financing, as stated by the company, is expected to take place by Q1 2020. This can only go up.
Good evening Gentlemen
In direct reference to the article contained within the Telegraph.
Unless Mr Durrant puts out a RNS first thing in the morning, clarifying the position I greatly fear that the market will be spooked and we could see a very heavy drop of at least 15%.
I sincerely hope that I'm wrong . Good luck to all long term holders like myself.
Regards John
Gosh, biggest short on a company in Europe and undeclared until recently! How can this not be illegal! I don't understand how they could get away without reporting this. If they were a buyer of these shares, surely they would have had to declare their holding a long long time ago as it could be seen as predatory, and who the heck is lending out these shares?
Tomorrow should be interesting to say the least!
LTT
Still interesting that none of the reporting is connecting the release of information(s), the short and the share price. Cityam not connecting the dots are they?
Not wanting to or not seeing it?
Interesting?
Wonder if the Telegraph or the Mail pick it up....but both their Jornos have just been passing on info with no fact checking or research.
Lazy at best.
Should be very interesting tomorrow.
Rgds Sft
The whole thing smacks of desperation by certain shorters my thinking.
https://www-cityam-com.cdn.ampproject.org/v/s/www.cityam.com/premier-oil-under-pressure-from-lenders-over-asset-sale/amp/?amp_js_v=a2&_gsa=1&usqp=mq331AQCKAE%3D#referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fwww.cityam.com%2Fpremier-oil-under-pressure-from-lenders-over-asset-sale%2F