George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Europhil is right about the balance sheet. A takeover would solve that and for a long term player like Apollo, with deep pockets, it may well be an attractive proposition. Informal talks and negotiations would not need to be reported. Why refinance if that is the case, sure they would need a fall back to negotiate the price up, but that would be easier to negotiate if there is an interest. The share movements here are not just bots and pump and dumps. Not 15% anyway. Something is in the wind and it is not D4E that is for sure. Still believe 100 likely in the short term and 300 in the medium term. In the long term 1500. PFC is a classic example of an undervalued long term non tech investment that would interest a private equity fund due to its slightly distressed financial status and lowish bond prices. Any approach - and I think there will be one this year - will be a bonanza for LTHs who hold there nerve for the next six weeks.
You still selling tomorrow Euro??
So have a nice day Eurofil, and remember 'glass half full' day!
Wonder who else is adding as we have a 4 day weekend taking account of the bank holiday
Just keep on kicking that debt can down the road and put your rose tinted specs on, interest rates staying high and this lot couldn’t sort out their debt when interest rates were low, sorry but I can only see this getting worse from here on, bored posting here now and have a busy day ahead, some of use have lives to live…bye
You invested here eurofil, or do you just get your 'kicks' from constantly posting negativity? Why not go for a 'glass half full' approach to life instead of always this 'glass half empty' line.
Might help in your overall health, wealth and happiness mate.
Don’t worry I will come back in April when we reach the teens, look at my previous post history, I usually manage to get the last laugh.
Hope so @Mav - Hardly any bot trading so far this morning, trouble is the closer we get to 30p the bots start kicking in again to control the price. They're scared stiff of a sustained rally.
Nice one @Royal
More than just a bit out- a long way out!
Buys outweighing sells and we have that very large 650k buy filled after hours yesterday. Think we will be closer to 30 today
How’s those teens looking Euro??? Great predictions……
It doesn’t resolve the debt issue which is why they are in talks to do so Eurofill but it does continue a revenue stream in that business line for the next two years. Contract extensions are a bad thing suddenly Euro?
Not worthy of a RNS and just a contract extension and not a new one, irrelevant in the wider scheme of things and does not resolve Petrofac debt situation
Petrofac secures contract extension with ONEgas West in core UK market
Petrofac, a leading provider of services to the global energy industry, has secured a contract extension in the Southern North Sea with ONEgas West (a NAM operated and Shell UK owned venture).
The two-year brownfield Engineering, Procurement and Construction (EPC) contract award extends the previous three-year contract. Petrofac will continue to provide services across ONEgas West’s Southern North Sea portfolio, supporting the Clipper South complex, Leman Alpha assets, Bacton Terminal, and ONEgas Barge campaigns.
Nick Shorten, Chief Operating Officer of Petrofac’s Asset Solutions business, commented:
“We are delighted to continue to be a partner of choice, in one of our core markets. This contract award demonstrates ONEgas’ continued confidence in the value our teams in Great Yarmouth and Aberdeen add to its operations.”