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This looks more and more as though it has been massaged for a takeover. The question is at what price
I really think if this goes for less than 20p there needs to be an immediate enquiry especially for the holders who purchase shares post 40, 50 and 60 pence.
Who would buy a shale play with issues in a expensive to drill part of town in the current climate, we would get fuk all for it, better to wait
Got to be 3 times where it is now at least. Not great for many low bid tho
Anything less than 20p in next few weeks will be daylight robbery. The new board have moral duty to explain / fix the current well documented issues before even thinking about selling the company.
Acting CEO notable by her silence. Not a single interview...
VWAP being kept as low as possible to allow a low offer IMHO.
Price is anyone’s guess but I guess 15p would fly
Totally agree but the market cap will not stay here for long. At 15p this is 200% upside they will not get a better opportunity to pounce. 200% upside at 10p is 30p.
Haggis-T; agree generalsentiments re co'y grossly undervalued etc, but maybe the new ceo is holding her tongue until she has a really good handle on not only what is happening and will be happening, but has previously happened and where the (if any) discrepancies lie ('sic'?)
Re Kerogen's sell aimpoint; do i recall wrongly that they bought-in in mid-upper 20's but sold 20% 0f their holding last year at ~100% -ish profit? That then would put them in a not-good position for a breakeven from a t/o at even thrice todays sp....pls correct if my v approx memory is significantly in error.
gla
Spruce. I’ve seen it quoted several times on this board that Kerogen’s existing shareholding is now effectively cost free due to their subsequent trades. No idea if this is correct.
buyinmay; just checked (apologies for memory fail due to accumulation of heat, age and stupidity), and indeed, K covered their asses last year and are freeloading now. A small premium to the current sp would see them little better-off than if they had bought the bonds, though. Explains a lot of the Bod's recent attitude, most of whom have (and ex-bods having had) precious little skin in the game.
gla
Kerogen's BE is only relevant in a TO situation. They are no different from PIs in wanting sp improvement and substantive ops improvements.
Precisely, but I’m trying to work out if they’d support a 10p bid
SG2
November 2018 our chairman Steve McTiernan bought 375k shares at 40.61393p. Do you think he would be comfortable as Chairman of a board that recommends acceptance of a sub 40p offer.
I’m sure he’d be handsomely compensated in any deal.
Steve McTiernan chairman's statement in the last set of published a/c's, re-iterated the desire for a premium listing.
ESG sorted.
Just need entry criteria SP @ 35p = min Mcap of £700m.
Patience ! PoO is rising
DC; no, i doubt Mr McT would be chuffed at far sub-40, but his remuneration 'package' probably sees him right in any event, as buyinMay notes. The problem is, as B-I-M alludes (i think), is that it's not his decision - it's likely to be Kerogens - with some help from RB@CA, maybe, in a hostile. While I am prepared to play the long game, are the big players??
I'd still like to see Hal revisited before a sale.
gla
lol, 375k shares.
Big boy Tommy here has over 10x that number.
Several of us have multiples of that number of shares.
Beverley has 0.
Enough said.
Sounds like chairman is under water like so many of the rest of us, pun intended..:-)
19/19, Sure, that's the way they earn more salaries than MPS., AND PROBABLY, RISHI SINAK,. They should be told about the affairs on AIM Companies and how to earn more!!!!
Oh God, I've got around 3 X the shares the chairman has. That's when you know.you are in so balls deep you even read Planted BHA's posts!!!
with the Posters saying that they smelt BIG RATS. BIG rats normally live in sewage.
“ That's when you know.you are in so balls deep you even read Planted BHA's posts!!!”
Lol.
that I smell a number of paid poppers planted here on penny paid posts to cause doubts about the Company's prospects, one can read what rubbish they write to earn few coppers, if they think/feel the Company's prospects are bad/poor than why the hell are they here, sewage dwellers, sell off if you have any shares and off you go to your sewage pipes Dwellings.
I’m not a paid popper but I have lost a big number here which hurts. My fault though so I can’t moan at you lot, have a look at IE3, it’s on a great upward trend. I’ve sold 1/2 my HUR and invested IE3 at 5.56 today, hoping to bring it back here when IE3 gives me 10.0
Had a look at ie3 and looks promising, can’t bring myself to take the loss here though to invest in it. Probably a bad move by me in the long run