Member Info for 4Corners

this is a 50yr old vessel.....i can see SF wanting to buy GMS as cheap as possible which probably explains the RNS last week and what i think is manipulation.

@amtech - not too worried about profits next year as long as contracts run smoothly. Assuming 10% interest cost, thats a 32m expense in worst case scenario. I would wait for the 2023 EBITDA guidance to get better understanding of how much they can reduce debt. If they do 80m ebitda, they probably have 35m to repay and if its 100m, they have 55m to repay.

https://www.thetimes.co.uk/article/british-worker-bludgeoned-to-death-on-qatar-oil-rig-mj5zfvs7w

Where do you get 370m + working capital loan from? It's more like 340m as at 30 June, and perhaps slightly lower than that by the end of the year. Don't forget they get cash proceeds from the warrants, plus profits next year is looking solid. You speak as if there is no revenues or cashflows....jeez.

Indeed looks like some awful news is imminent.Strange thing with this stock is good news does not move it up even with Mcatees ramping, but bad news drags it to the bottom - the last rns was not confidence inspiring now, was it? What a mess! Good luck to all the holders if there is another capital raise

Now that's an imminent rocket explosion!

Thought imminent meant by Christmas - should have known you would move the goalpost as you have always done!

Anyways, my prediction is 6.9 because 0.69 would be too low and 69 would be too high

Desperate ramp to get some cash for Christmas? It won't fly if no one trades.....like today. Hopefully no one bought listening to your predictions of volcano eruption for most of last year, and your price target of 12p in june!

Well, he bought the 1pct also from a true believer. One of them is right. Time will tell who it is. Can't wait till the 30 Dec announcement on the debt deal

I don't think he picked up the 3% in one shot. HL must have held 2% before on his behalf and the last 1% was on the day when there was significant volume, and Mcatee thought it was Aramco or Schlumberger buying it up

Nothing other than part of his usual ramp every few months (since last year)......stuck in an illiquid+hopeless stock and needs dough for christmas gifts. Expect some lame deal (warrants and hopefully not the dilutive capital raise) to be announced last minute on the 30 Dec just before markets close....this board seems to enjoy cliffhangers

5p by end of next week?

Looks like the calm before the storm

Buy the rumour,sell the fact :)

Above average volumes....and share price barely budges

its called liquidation

The broken clock is right about twice in a day?

Thank you for clarifying there won't be PIK since debt is not 5x ebitda

AA2020 - you've been right about this whole thing....ebitda should be 85-90m next year on another contract or two....still looks like no takers for this in public or private domain & stocks in the energy sector are up significantly this year.They could have refinanced end of this year and avoided the PIK+dilution.Not sure of taking private when 2 investors control 55% of the votes, with each one holding atleast 25% - if there ever was a deal to be done,should have happened already?Why wait to get diluted by the banks to buy/sell?

@mcatee - got a bit tired waiting for that much promised take off to 12p this summer, or was it the aussie summer? 5 yrs for 50% return and staying exposed to another cycle.Better places to get it than this slow burner saga....demand better or faster returns from illiquid paper.....or try harder with your ramping

And the vote's in-i am keen on how they maneuver the debt issue now with this.

Bunch of banks,mostly from UAE + HSBC