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Must admit was hoping for North of this maybe 5/6p initially.....who knows as AIM.....flaming Red Emperor and Angus been to 30’s and market caps of 80m plus on mere prospective wild cat drills.....and we’re currently sub 15m on a multi drill programme....
Could land anytime and my feeling is it will land !
It's not surprisig. When the money lands the SP is going supernova. 34.5 MMBOE 2C net with major upside from 5-7 well appraisal/exploration drilling campaign in EU waters and market cap only £12M.
BLUE DAY doesn't look so funny now does it?
11% down to flat
1 or 2 buys more and we go BLUE
PVR up 7% now...
BLUE DAY COMING
Same as yesterday, red morning as traders leave on no news. But they will be back before 4:30pm for 7am news so get in now and enjoy the ride up
Good opp to buy at this price, won't stay here long as you can see ticks up on each buy
Suprised with the pullback here today especially with PVR moving up.
I'm sure it will once it arrives... lets hope its not to long as another pushback will look ridiculous ….again. Its out of our hands which is even more frustrating!
it is worth reversing the thinking. So,
Why would APEC lie about the funding? If it was shown that they had been messing about all this time their reputation would be in tatters, no one would take them seriously again.
They had a perfect opportunity to withdraw from the farm in earlier in the year when the permitting process became so much more bureaucratic and the private member's bill banning O&G exploration was gaining traction. They didn't pull out.
Thos two issues are over FTTB.
I believe the RNSs that have been published. I believe that the money is in HSBCs hands. I believe HSBC are neurotic about funds transfers having been fined billions a few years ago. I believe they are doing lots of due diligence to make 100% sure there is no come back on them. I believe the money will come through.
Oddly enough, all these delays have resulted in a lot of RNSs, a lot of press coverage, a lot of BB chitchat and a lot of twittering. As a result, it has focussed the one investor community's attention on Barryoe. When the money drops, the volumes will be incredible. I'm looking forward to that.
thats my target by early Sept. first target. could well be even higher
Great blue finish... very encouraging to see a midday reversal I expect maybe a wink & nudge from someone has started this and if so we should have an even stronger day tomorrow and blast back to the mid 2's
BOOOMM Very STRONG Finish Coming
Up 8%
HSBC showed documentation to show the money coming
The Chinese could lie. But the Bank wouldn't
Money is coming
Accumulation happening, nice and steady and slow. Holders holding. Small sellers and T20's closing
Patience
News of funding landing could happen anytime!!!
Yes, a bit of a gamble, and yes £1k will become £2k and likewise the other way if no funds materialise!
However the money spent on ship coming over is a firm sign they are confident of going ahead in some shape or form.
I still also fail to see why the Chinese would be still saying money coming, if it wasn't, they have nothing to gain by prolonging a lie.
Its not like being owed money by Arthur Daly……..
The oil may well be in place, but an awful lot of money needs to be spent on appraisal drilling before we know whether Barryroe is commercial or not. If (and that's a big if) the money turns up this is still a gamble.
Totally agree Shibs. Made a modest buy of 76500 shares today. Expect we will have the funds in by the end of this week and then it's full steam ahead!
We have come a long way, the permits were the main concern here, money is no issue, we will get it one way or the other, look at what we are drilling. The Chinese would not mess this up trust me.
BB agree we your comments....
My view as simplistic as it may seem is our partners would not be cracking on with pre operational stuff if they were not 100% sure the cash in enroute.... They must of been on the blower so many times for confirmation on this matter to be continuing with ops.
Only a bank holiday in the UK .... PVR account in Dublin.. so it wont be a problem ... but lets hope we have the cash this week ....
Next Monday is a bank hol should that mean the next RNS could be cop Friday or most likely next Tuesday morning? GLA
Survey ship about to mobilize and PVR kicked their funding window further down the road. All positive IMO. If PVR is prepared to go ahead with the site survey they must be very confident funds will eventually arrive from APEC.
Agreed tidd83.... Ive got a feeling this the cash is close and 4p is just around the corner!
Well PVR have secured payment for the rig mobilisation so the rig should start moving towards Barryroe shortly.
The assurances received must be satisfactory to the team to allow for the extensions. Only the companies are privy to such information and by way of action it suggests to me that they money will be forthcoming.
Anybody on here speculating otherwise should read on the banking processes within China, I shared an interesting link last week around how all funds leaving China are subject to scrutiny from the Public Bank of China and how it is without question that delays can occur. Their appetite is to retain wealth within the country and so need to verify everything.
Given the farm out is through state owned entities I think it is clear it is a matter of when as opposed to if the funds arrive. This is also nothing to do with APEC or any partners, it will be down to HSBC and the PBOC as explained above.
Got to be a problem somewhere... Will these funds ever arrive? What is plan B here??