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A lot more than 'spare'.
Define "spare"
Yes?
No?
It's a dull Friday. so let's play the betting game.
Suppose I have a spare £250k today.
And I am interested in buying GKP shares.
Should I?
The next two posts will offer us all the option...just tick your preference. Yes or No.
Friday the SP normally goes down but with current info and October just over a week away. It might go either way.
Yawn...
Also last couple of days there have been some, 50k shares buys, 80k shares buys, 100k shares buys
i called that insider trading
Wish you 1000% return then. May be achievable if everything goes right!
Monday morning RNS would be Amazing
I'm sure someone said that last week, too. (One time it may actually turn out to be correct).
Would not want to be out over the weekend.... I can feel it in my bones
I’m just poor mate. Simple as.
I don't believe the current halt has anything to do with pipeline damage. However if agreement gets reached its an ideal 2 way face saving excuse.
Of course one of the underlying questions which we wont get answered is, have those who know (or contacts of such) if talks on opening pipeline which might be bearing promise have indirectly buying this stock.
In a corrupt region, I doubt if anyone on here would be surprised as such and its certainly beyond any company to control as we've seen quite a bit of similar action in the past.
So might well be time to use that stored powder, and certainly not a time to sell for a small gain.
Bigger things are afoot it seems.
All the letters in TSSZ appear in 'St Tropez'
Are you poor or just fearful? With such a small position, even with 100% gain you'll barely scrounge enough to pay this winter's heating bill.
And got £1700 worth at 101.39p. That’s my buy of 1672 shares first thing. Will sit tight and see how things develop. When do we anticipate that the company will RNS the news about the pipeline that’s already in the ‘public domain’?
Iraq and Turkey previously agreed to wait until maintenance works were complete before resuming the pipeline that contributes about 0.5% of global oil reading this, Could be This Weekend
In the report it says the line inspection was completed on Thursday, I.e yesterday
This totally changes the situation, everything is ready, all they need to do now is turn on the taps
But you read, what ever you understand from it, personally I think pipeline will open this weekend
This news article was from Wednesday morning.
It flew already on this news.
Chart-wise the downtrend does looks like it's reversed on anticipation.
The sticking problem is "Turkey also calculates Iraq owes $950 million as a result of ICC arbitration; net of damages Turkey has to pay Iraq." which is in no way straight forward.
Article 2 days old and is the same news out last week on the 15th sept.
Wow GKP is about to fly today
https://www.pipeline-journal.net/news/iraqs-kirkuk-ceyhan-oil-pipeline-about-resume-operations
The best bit, Turkey have completed the inspection, so basically everything is in place to restart the oil flow in the pipeline wow
“ As of today, the independent surveyor completed their survey and now they're preparing their report," Bayraktar said without mentioning a date for resumption of oil flows, in an embargoed press briefing held by the ministry on Thursday.“
Hi Victor… Callander what a hoot , I can still see Wsimmo ( RIP ) sitting on that horse that looked more like shetland pony. His feet were almost touching the floor lol . We can maybe catch up in the spring somewhere. See who’s all still kicking about 👍
Stay safe
Delta
Given what the Board were facing, I believe they've been acting in our best interests.
Btw, show-off!! Name dropper!
I don't know Martin Angle.
I just hope you're right and he's 'on the ball'....
I'll tell you one thing though; his image as depicted on the GKP website doesn't help his cause!!!!
He looks like he's about to croak.
GKP's trading climate will definitely turn, and the bounce back will be significant.
For now, serious intelligent managers need to behave seriously and intelligently, and I reckon we've got a set of serious managers on our hands.
@Anfil, thanks for taking the time to go into so much detail, looks like things have moved on since I did that last look.
When it comes to the export versus can’t export wrt to the Budget Law i cannot remember seeing any differentiation.
The budget is balanced at a nominal figure for the exported PoO. If the oil is exported through SOMO then the volume is all that drives the budget share of the nominal cash. So if the KRG hits its target when the PoO is below the nominal value they still get paid as if if were at that value - aka Iraq would be running a deficit budget.
If the oil can’t be exported for any reason e.g. pipeline closed then it has to redirected to the internal market. None of these deals have mentioned SOMO, all are cash up front to whoever turns up and wants the oil. Given the volumes being sold and the price the buyers are paying, the local economy will be getting a very nice unexpected boost.
So given your point about the KRG’s share of this revenue, and how some of it might not be being past on by the companies, how can this production also lead to cash coming from Baghdad under the Budget Law?