Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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JiffyB - Your points 3 & 4 seem the most likely.
Thus the radio silence...
Only an RNS will reveal the answer!
Ignore the ‘chatter’!
completely agree - someone in distress trying to offload in a weak market with headwinds, no newsflow and no imminent drilling campaign. Be greedy when others are fearful......this is a steal
Rob one - do you style yourself as some sort of upper class thief ?? Lol
"Fact is, a tanker is leaving with an average of 400k barrels every month , so am content and confident to sit the drop out!"
Above must be a fact then!!..????...but other than that....????
'Nothing else matters', especially huge drop in value in last eight months..... 'ohh no' 800mln simply gone!!!???.... How???, Why is that?????
Anyway.... Jiffy, You are brave Man or perhaps a Captain who always leave the sinking ship last?
Fact is, a tanker is leaving with an average of 400k barrels every month , so am content and confident to sit the drop out!
AK,
' I refuse to believe that any of the latter has anything to do with operational matters or financial difficulties within the company, because were that the case I do believe that they'd have been reported via RNS through legal obligation.'
Agree.
Re; Summat's certainly up, but we'll only find out what it is when we find out. Personally I think we're in the middle of the 'interruption' which the CFO mysteriously alluded to at the CMD... Even if trade hasn't been actually suspended yet.
Agree, IMO, I actually think there are a combination of factors at play here at the present time.
1. Oil companies out of favour (just for now, not forever by all means)
2. The CA and potential KG factor playing on investors minds.
3. The Spirit Energy Sale Factor and a potential 'Closed Period' if negotiations are ongoing until that matter is resolved.
4. Potential 'Interruptors' playing in the background, ie companies like Ineos and Spark for example, already reported in Media may have an interest etc.
5. Clarification on HUR strategy going forward re Drilling Rig and PJB on Lancaster plus other than already stated in the RNS of 13th December.
6. Bonds, not sure on this one but I think Biffa has more than covered this.
All in all, much going on, so not selling at all, just like DSPP, :O)
Fact is, a tanker is leaving with an average of 400m barrels every month , so am content and confident to sit the drop out!
JF,
(See the nightshift's at it again!)
"That is where PI's are kept in the dark until too late to act, is it not?"
(Plus your bit about 'transparency')
So far, I think that in 'operational' terms, the company has been very 'transparent' regarding reporting, especially over the last 18 months or so. Heck, they even 'fessed-up about the FPSO 'rope saga' fairly quick! (Less than a year ago. Remember that?)
Now? An RNS in December (just six weeks ago) saying all is OK.
Followed by a blizzard of BB posts and on other media, claiming things are not OK. Despite a couple of tankerloads of oil offloaded, the chief perpetrator of such rumours still not admitting that he's wrong about the December one.
And the SP taking a nosedive, and continuing to do so.
I refuse to believe that any of the latter has anything to do with operational matters or financial difficulties within the company, because were that the case I do believe that they'd have been reported via RNS through legal obligation. I also don't think that the current rout in the SP comes through 'insider information' regarding operations, such as I wonder might not have been the case before the WD result was released.
So if it's not to do with operations, one has to look elsewhere. But getting access to what's discussed on the nthieme floor of some tower in The City is difficult. (As is getting beyond the front desk in Lower Eashing, though I recommend the pub next door for finding out which way the wind is blowing!)
Summat's certainly up, but we'll only find out what it is when we find out. Personally I think we're in the middle of the 'interruption' which the CFO mysteriously alluded to at the CMD... Even if trade hasn't been actually suspended yet.
In other words,
https://www.quora.com/Why-do-many-market-manipulators-make-the-price-of-stock-go-down-instead-of-up
AK,
Bottom line in all of this S---e , is transparency?
That is where PI's are kept in the dark until too late to act, is it not?
https://www.telegraph.co.uk/investing/funds/stocks-will-cost-woodford-investors-money/
JF,
"I am sure that would be the case, but what if they were to sell and then buy back?"
Yeah, but what if the people who bought weren't selling?
Never forget the possible USA interest.
Further, CA are not exactly in the 'Blue' as of late, dividends to be financed?
'I don't think that makes sense. If CA were selling out at ever-decreasing prices, most people would clap their hands!'
I am sure that would be the case, but what if they were to sell and then buy back without declaring? not saying that is the case here but AIM is not exactly a regulated market as such is it?
JockJoy,
"When you see how Allied Minds, Equals Gp, and De laRue are (NOT) performing for CA, and the urgent need to unwind Woodford positions, I strongly suspect that this could be a significant reason behind the current HUR SP malaise."
I don't think that makes sense. If CA were selling out at ever-decreasing prices, most people would clap their hands!
^ could be number of reasons. CA fund (as a whole) not doing very well at all.
if they need to free up cash quickly then dumping some HUR might be one of their easier options.
time will tell - however a big seller on low-volume would explain recent drop.
I thought CA had a history of selling on RISES in the HUR share price - to keep within its own rules.
Why would RB be giving his shares away?
An RNS announcing Crystal Amber had sold off a chunk would explain this drop... The price drop has been savage - however if they are forced / distressed seller selling on low volume with no institutional buyer then it seems plausible.
I agree. If you look at 5 yr time frames 60p will come so will 20p again... only the lucky ones go from 50 to 2000p like rre etc. I definitely did not see tullow at 50p especially after buying in at 168 f in pence. Hence im aiming really low here 10p
'Its a suckers game. You hold out long term here and get whooped and the ones you suppose to trade suddenly go really high and never fall back rre/serica etc.'
I take your point, but there's no such thing as never.
HUR - according to some - will 'never' get back to 60p, but it may one day soar when SQZ or RRE could be crashing.
How many predicted TLW's collapse?
As someone asked about CA's holding, I checked major shareholders at
https://www.marketscreener.com/HURRICANE-ENERGY-PLC-15724803/company/
and they hold a cumulative total of 47.6 percent of HUR's shares.
They can't all be party to whatever manipulation is going on.
I have often wondered if companies like CA and others, sell and then buy back at the a much lower SP (Of course that happens) ...... BUT do not disclose as such, ie because they end up with the same percentage as before selling all in a matter of a week or so.
It wouldn't happen on AIM would it? :O)
Heck if I wasnt so down there and have some tradeble £££ today woulda been my first buy. This is evil of me. But 10p would kill most of you but would force me to liquidate some tullow oil and buy here.
For someone whose 75% down on tullow oil I can only give you one bit of advice. Someone big is selling and its not yet cheap enough for someone big to buy. We had an African dude on tullow save us from dying from 50p. Youl have me saving you from 10p. As I hope to get 10p not that it will get there but just to limit my downside and get a 4 bagger when it eventually gets back to 40p. Its a suckers game. You hold out long term here and get whooped and the ones you suppose to trade suddenly go really high and never fall back rre/serica etc. They just cant see us pi's making money.
When you see how Allied Minds, Equals Gp, and De laRue are (NOT) performing for CA, and the urgent need to unwind Woodford positions, I strongly suspect that this could be a significant reason behind the current HUR SP malaise.
We need an update on the previous CA 5.03%. holding. I understand that at least their HUR buying average would still be positive.