The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
"unfortunately i see this going to 0.1p ish - at which point i would enter"
Captain swag - I agree re where this is going although I'll be generous and predict this hits 0.2p but difference for me I would no longer touch it with a bargepole at any price!
Adoubleuk - good for you, good for you....all part of the continued denial process for you
mcaddr,
" I suppose your going to say Proactive is in on the scam too? "
Of course.
Anyone hanging their hat on a 'Proactive.com.uk' hook is as bent as a nine-bob note.
Or any such sites.
Go take a cup of tea.
RF - Not at all. I have always tried to be transparent on these boards - i am a terrible liar with an even worse memory so would only trip myself up!
i sold out most of my remaining shares after the xmas rns. I was willing to give the bod the benefit of the doubt but when they didn't deliver a forward plan as promised that was me out. i had a tiny remnant of about 150000 that i had in a sipp which i left just in case but i sold on the feb spike. previously i had large holdings and also traded. my trades were pretty successful but in no way covered the losses on my large holding
i have a soft spot for hur and knowing something about the company and history i believe is a benefit in the stock market. unfortunately i see this going to 0.1p ish - at which point i would enter. i think once the bondholders own 95% they could put a plan together or sell or even buy out the remaining 5%. so there is possible upside
Senseless sid - jealous at the size of my todger I see. Still in attack mode denying that any of this is happening and still labelling recent developments as a scam. I suppose your going to say Proactive is in on the scam too? Dense or what.....
Proactive Investors
"Hurricane Energy PLC (LON:HUR) has announced a financial restructuring that features a debt-for-equity switch that will massively dilute the value of existing shareholdings.
A deal struck with a 69% majority of the group’s convertible bond holders will see some US$50mln of the total US$230mln debt swapped for new shares in the company.
These refinancing shares will equate to 95% of the group’s fully diluted pro forma equity immediately following the restructuring.
The bondholders – and subsequently the majority owners of the company – agree to amend the terms for the remaining US$180mln of outstanding bonds to extend the maturity date out to December 2024.
“Following the significant downgrade to Lancaster Field reserves and future production profiles, coupled with oil price volatility, current financial projections show we will not be in a position to repay our convertible bonds at maturity from Lancaster Field cash flows,”
I am holding to achieve slift Share price target at 8.7p...
Have faith in slift Analytica ...lol
He has another part time job in a comedy show...!
Holding very strong here..
RetiredFella,
I have nothing against you and hope it does work out for you.
Although if I was in your position, selling at a spike would be the best bet.
There is huge market volatility to come, with inflation fears, covid opening etc.
It is still possible to recover your losses elsewhere within a year.
Though it'll be difficult to regain on this stock. Hopefully you have diversified.
Good luck to you.
Captain, mind telling me if you have sold out or what will be your strategy?
I have tried reading this email in several different ways. It does give hope but then it also means CA are still trying to find the real reason to challenge and they haven't found it.
And i wish that for all the people here including the ones in the subject. I wish everyone the strength to overcome their losses, however small or big and get profits elsewhere. I truly hope and Pray that some Miracle happens here. I did not give complete email from Richard Bernstein as I felt if they are really at it then let them carry on plus personal references. However, if it increases hope, here is the complete unedited one with personal references removed.
''Regarding an EGM, even if we had written to Hurricane Energy calling for this on 30 April, the timelines before the meeting could take place would mean that by the time a vote would be taken, bondholders would hold 95% of the shares and the votes. As I wrote on Tuesday, planning is essential. You should not draw any conclusion from the fact that you have not yet seen us announce a legal challenge. There are several areas that we are currently investigating. We have to be thorough and ensure that if we are able to restore shareholder value, it is done in the best possible way.
We are unable to give any guarantees other than that if it is possible to recover value, we will.''
retired fella - contrary to what many post on these boards i doubt very much if anyone is being paid to ramp or deramp. i am not sure how much sway these boards hold at the best of times. sometimes i wonder with the obvious multiple aliases - how many different are posting apart from me!
there may be people who derive pleasure in others losing money - pretty sick in my view - and tempting karma.
I just think people get caught up in the jousting. A lot of the posts do seem quite repetitive but i suspect it is just in the nature of some to think they are absolutely right and drive home the point.
I am sorry for your loss. I too lost a lot - and i mean a lot - on hur. i hope to make it back on other shares and i hope you do too.
And that is why I am here. But as per you , you are here only for exercising rights. I welcome contrarian views and as i said it is clear we as shareholders have little choice.
I am sure they are not paid rampers, maybe just that they made a considerable loss. It can also be that they sold at 3p and managed to get out with less loss and now are deriving sadistic pleasure in our losses in name of exercising their rights. It must be a source of happiness for them to watch people trying to make efforts here and possibly not getting anywhere. Again advantage of hindsight is always good. I may have sold it on a spike to 5 , i didn't. Was I carried away by the BB messages? I will say no as it was my greed which wanted me to hold on. I am responsible for it and I will be responsible for my loss going from 98% to 99%. Do I have a choice? Very less.
RetiredFella,
5% of the company is better than 0% right?
RetiredFella
Spot on - a voice of reason. If any one of the 3 paid clowns posted that their todger was 2 feet long, the other 2 would immediately post confirming they had seen it and it was indeed 2 feet long
Guys,You are not adding anything new. We all know that we are living with an incompetent board about to dilute us 95% but at a 98% loss it is useless for me to sell. I have calculated and my loss will be 99%. I will have to wait even if you are 100% right and this company is going bankrupt. I think you guys can relax knowing you are correct in saying about the doom and gloom.