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The only reason anybody would do that would be if we were in debt we have no debt
That would make absolutely zero sense when they have 80 million dollars and local sales are successful and what would they fundraise for anyway
Why would they need a fundraise??, they are not spending any large CAPEX, in fact costs are being reduced, and current sales are more than adequate to cover overheads,
the only reason BOD would raise money is to pay themeselves their full wage entitlement, imo or Pay out Dividends??, but that would not make sense
There’s no smoke without fire and them hinting at external financing basically is saying that a fundraise is coming.
Sitting in limbo from 165 to 90p and now what?
I think 90p is too low if local sales are consistent, yet we need regular updates to that effect.
The board are not doing well in my opinion. They should map a clear series of pictures, including how to reinstate a small dividend if consistent local sales continue.
This company sits on 80 million dollars dead cash. If local sales cover costs that's 4 years of a current 10 percent dividend to show confidence.
That would bring the share price up to 1.50 bybpsy out.
And why not? If sales do not continue you can hold it back, or simply distribute it all and go bankrupt.
Pisxxng it away in a bank through an inflation cycle is pointless.
While the oil pipe line is shut in, and like to see a couple of the oil companies Consolidating into a larger Company,
Strip out a large chunk of overheads,
GKP-GENEL, would fit nicely together, imo on a 50/50 basis?
there would be lots going for it, imo
Any one got details on top 20 owners February compared to now
Of their public fund holdings
"I think these are only the (American) institutions that are required to report to the SEC."
Any hedge fund with operations within the US (which is almost every large one Lansdowne included) is required to report a 13F in their public funds.
Very amusing...nothing like a properly orchestrated self-flagellation to get the blood flowing again!!!
Good chat.
That's easy to answer Straycat, like any LTH, I'm completely useless in judging how this will play out, it has been mistake after mistake in line with the never ending trouble and strife that is the Middle East. Investing there being the biggest of which.
JH seems to be doing a good and most prudent job. He seemed, at least, calm during the recent presentation. Like you, I guess the oil will flow at some stage, at what stage I really don't know, as the one thing I did predict correctly at the time the taps were turned off, amongst so many desperate voices it was just a temporary blip, was that it would not be.
That's because of the Geo-politics part you don't want to discuss. Fair enough.
Now, I'm going back to my morning flagellation of 50 kicks for not exiting at £3.10. One way or another, that won't happen again.
hi c0ckeye,
so missed, so loved (but not in a *** way!).
so how do you read the future trajectory for gkp?
you've been around the block and seen all this before in gkp's history, by which i mean the excitement surrounding gkp's extraordinary and sometimes traumatic history.
don't want to engage in geopolitical theory. dull.
interested in your thoughts on the current business platform. and how you reckon it will play out.
'This could be resolved quickly, but there’s a real chance it could blow up into something much bigger. Where would that leave GKP I don’t know.'
The oil flowed a plenty for years when there was a constant threat of conflict between the Pesh and the Iraqi army, and in fact did result in numerous flashpoints. It concentrated minds.
Attempting to allow things to be run cordially, formally and legally has tied everything up in a knot at the hands of unhinged over zealous 'judges' in Baghdad.
This most stale of stalemates might just need shaking up a bit.
Yes its getting very tense out there, i dont think a civil war is coming , though quite few are stirring it up, the situation needs resolving before it boils over!!!!!
Yes the complexity of the Kurd situation can not be over stated. The kurds agreed to make sakes through Baghdad for a proportion of the Iraqi budget. The Iraqi Supreme Court ruled that payments from Baghdad is illegal. Oil has stopped flowing so the kurds can’t get money that way. Both Iran and Turkey are carrying out drone strikes in northern Iraqs Kurdish region. Now we’ve got protests on the disputed kurd/iraq boarder.
This could be resolved quickly, but there’s a real chance it could blow up into something much bigger. Where would that leave GKP I don’t know.
Don’t say I didn’t warn you
Talks are happening behind the scene, should have an update very soon. Lots of PI’s will get caught out, when the SP opens at 150p then onto 200p +
Bargain price currently, don’t get left behind
Could be a great place to pick up a few extra shares if it dips below 90p, several weeks to wait for news on the pipeline opening, but could be a good opportunity !!!!!
Hi, I don't see Lansdowne etc there, or their holding?
I think these are only the (American) institutions that are required to report to the SEC.
Https://fintel.io/so/gb/gkp#:~:text=Largest%20shareholders%20include%20DISVX%20%2D%20Dfa,Avantis%20International%20Small%20Cap%20Value
Where can we find out who owns gkp?
Have Lansdowne and the Dutch lads been dripping away?
Crucial information
Sadly things can always go lower.... from 450p to 1p happened here already. The guys who owned it now wiped out us before, Dutch, British etc.... now the Iraqis, Russians, Turks, can wipe out the Orange lads n there mates.
We are collateral damage.
I hope not !!!! It’s nearly same price as Genel .. which is not making me feel very positive about the outlook
Current mcap £200M. Given no debt and current cash position somewhat protected by local sales I can’t see it breaking 70-72 area. This is definitely a buying opp on a risk vs reward basis. Saudi cuts pushing oil above $90, will the stand off continue. Unlikely given the $$$ being lost on a daily basis. AIMHO DYOR etcetc.