George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Not good news it was my worst investment too
That is my first big hit in investing, lost it all :-(
R.I.P. SeaEnergy and all who sail in her. https://www.youtube.com/watch?v=E_BoAXopS54&spfreload=10
Seriously sorry to see another British company go bust and one that I had high hopes for. BHS as well in the same week. It just highlights the fact that Britain´s economy is now just a pretty bubble sort of property / financial services industry based around London about to go POP!
There aren´t many left. Those that made "Great" Britain with historic inventions are now confined to the banks risk assessment which means nothing when the bankers only know about creaming money from financial transactions, including most recently aired by fraudulent hocus pocus, magic mirror policy to blind the financial regulators :o((
Sea Energy originally set out to become a wind farming building "green energy" producer. Banks/UK government has destroyed this company as it has so many with ambitions projects that could have created thousands of jobs ahead of its time with a bit of belief and real help!
Ouch! Well, at least '"We are pleased to have concluded the sale of R2S to James Fisher, which will safeguard the majority of jobs within the Group, maintain customer service, and provide the best outcome for SeaEnergy's creditors. Based on the information available at present, it is unlikely there will be any recovery for the shareholders.; Who cares about the bleedin shareholders anyway. 3p ud be a fine thing.
Administration and Resignation of Nominated Adviser and Broker....
Well said........... only came over to look 'cos of the red spot. See I'm heading for a 'wipe out' here. Can't imagine you were into this pile of $hite.
Do you really think any of them wouldn`t come with an offer of £10 mill for it?It`s peanuts to them but save them a lot of money.....£10 mill wold propel the share above 12/15p again....worth the risk?None is questioning the importance of R2S so is just a matter of pricing it and receive the offers.....once that forget 3p....
The company has recently completed the photographic capture of four of BP Gulf of Mexico installations – Atlantis, Mad Dog, Thunderhorse and Na Kika. Chevron has described R2S’s visual asset management system as a “critical element” in the remediation process following a fire at its unmanned Erskine Platform 150 miles east of Aberdeen in 2010. Chevron uses the software across 13 facilities, including its integrated operation centre.
yesterday buyer is accumulating for a reason,imo....see the 210k 2 weeks ago....and possibly the 50k occasionally...
actually spread is less considering 2.3p bid and 2.9 ask......still big but I think mms are blocking it for some reasons.I bet 1 buy would make a tick up in both bid and ask to 2.5/3.25.I can not buy but `till 3p I think is still a good punt,considering that it could double or treble on any good news(sale of R2S and/or logp/pvr sorting out suspension in a good way).IMO.
nearly 3p.....I wonder what will happen if buyers turn up in force...
How can anyone buy a share with a 71% spread ? They are having a laugh, surely.
do they want/need shares?
news close,nice 250k buyer.....
to may,so news about sale of r2s should be close.I will add more when funds available
save cost in new and decommissioning platforms not long in use.I think it will be sold for sure.how much is the only question.IF sold for £5 mill could make sp from 5 to 10p alone.....as always the truth is in the middle.....to me this stock is not worth 2.5p so I`m adding.No advice to buy or sell given.
Crucially, it can also provide oil companies with significant savings in the planning of decommissioning fields that are no longer economic or that are to be suspended. “What we know, and what our customers know, is the R2S software saves costs,” he said in a recent interview with Proactive Investors. He says the value proposition is clear: installing the product saves money, it saves time, and it removes the need for unnecessary travel to and from facilities. The installation of R2S pays for itself several times over in the very first year, Aldersey-Williams added. “In a world where oil prices are low R2S is a very good way of accelerating value out of a project. “Our clients know that it is a cost saver, it adds value to their businesses and even in a world where they are having to think about decommissioning platforms - it is a fantastic tool for planning that process and keeping cost out of the process.”
than sells and down 26%.....mms want shares for next rise?added at 2 p
I think at 2p is worth the risk
steelwatch 14 Apr'16 - 09:51 - 40686 of 40686 1 1 Court of Appeal judgement results in extra costs for exploration group and share suspension April 14 2016 | Job Langbroek | Morning briefing | 1 page(s) | Read Important Disclosures The news that an appeal of an earlier judgement was upheld means Transocean will be paid another $7m (before costs) by the Barryroe consortium (made up of Providence and Landsdowne Oil & Gas). With Providence responsible for 80% of this, the news is unhelpful given the existing efforts to manage financial resources. However, provided the existing debt lines can be extended, the additional costs should be manageable and do not have any impact on the value of the group’s oil and gas projects. https://www.davy.ie/research/public/morningEquityBriefing.htm
Quite right....watch this space,i`m adding....
Should read LOGP $1.4 - so even less that thought!