Member Info for ALGU

Good to see this nudging 600p today

Nice to see a blue day here when most of the market is in the red (and following a few sessions here in the red too). Let's push back up to 600p and beyond. WOSG seems to take a few days to consolidate, drop back a take a breather, before jumping up again

You could sail an oil tanker through the spread on this. Let's hope we see a material rerate in 2021. Oil seems to be making a comeback, so that's a good start

Bodes well for getting those bonds off the ground. Hopefully Alan Linn & team are working hard to get something done in January

"the group's estimated cash position at 31 December 2020 was c.£5m, which is c.£3m ahead of our initial 2020 budgeted year-end cash balance"

Plenty of cash and no need to raise anything for a long time - bodes well for the share price and letting the company get on with things

but LOGP down another 8%. Hopefully this will turn a corner soon

There may not be a correction. This has settled above 50p for a few closes now.

Some coverage on JOG here : https://www.investorschronicle.co.uk/comment/2020/11/30/a-quartet-of-value-opportunities/

Well done FK, great outcome

Agreed, if there's a successful bond raise then that clears one of the hurdles. In anticipation, the SP should move north. Alan did say next couple of months - so a positive and not so distant timeframe.

It's a good question FK (and a nice problem to have). WOSG has good momentum at the moment and this may run towards Christmas. I always like to back my winners and top slice - this is one of them. Only you can decide when you sell depending on your circumstances...

market cap today for any bids is peanuts, £16m. Plus the 670k raised from the warrants exercised today means there shouldn't be any dilutive raisings round the corner

600k is a big chunk of money to part with this late in the day - someone must be pretty confident a deal is done.

And a very nice sum to add to the LOGP coffers for working capital requirements

...if this had a +20% rise today. JOG has a habit of moving fast. And then there's Brent in the $45-50 dollar range. Today's RNS is a reminder of the potential when things had gone a bit quiet and the SP had slipped from the 160s back to the 80s

Good to see things going on behind the scenes. Also good to see a reminder of the greater buchan farmout/sales process. This adds another piece of the puzzle and makes all that more likely.

I'd be surprised if PVR were posting this on twitter if the deal weren't on track at this stage.

Would suggest there is news in the background

Old article, but to be fair the facts are still the same. Huge potential for Barryroe

Pretty clear this is the next hurdle, it's been pushing against it nicely of late. Now time to break through and head to 3000p

the deramping brigade is out today.

SpotOn own 3% of PVR, they have skin in the game and it's not in their interests for this not to complete. If they were a shady outfit it's pretty unlikely they'd have parted with their own money