The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
What news are you all after today exactly? We know there is much news expected.. but are you actually wanting nothing news right now as opposed to waiting until actual tangible news is available? Would you like Art to be like GBP and announce other companies have discovered oil? yes the price and price action makes zero sense but shouting for news before it's ready won't help.
a) this is old news, already been announced in Canada and most on here were already aware.
b) As many have said this could be in order to prevent a low ball takeover by ensuring the board have enough voting rights
c) There is no dilution until any option holders exercise them
d) Many of the complainers about this seem to forget or be unaware that Arthur dug deep into his own pockets to keep this company afloat via a loan of his OWN money a few years back, therefore I think that risk deserves the potential reward.
I think the upset around this particular action is over the top, the title of the RNS is misleading though I'll give you that.
I do understand your thinking shareant, I just find it bizarre that so many would happily accept what would be a toe in the water offer, if the CPR is great, in my view. Each to their own, it all depends on what is proven to be there, but to happily admit you'd discuss the lowest acceptable price for the family silver before it's even been valued is just a bit premature. I just don't like seeing the expectation for a low ball offer being accepted, self fulfilling prophecy and all that.
With the numbers being bandied about if the CPR confirms Oil in Place, atleast a minimum of 30% recoverable and current oil prices, I don't understand why anyone would be happy with less than a £1.5 - 2 billion takeover price.. that can't just be me thinking that? in any case it is too early to be discussing such things given the stubborness of the Share Price towards an upwards movement currently
is it wasn't lights out.. 3 months till we find out if that continues to be the case.. I am 96.72% down on what I left in here (which was still too much!) that was after investing more since the licence to mine Baita Plai was finally approved.. it's been nothing but a MASSIVE disappointment since then. utter utter **** show for any other LTH left here.. I've been here since 2014 experience well and truly gained, but not point in taking out the pittance of a share value management left here.
even RKH was allowed to increase massively before the proper weird price movements started.. I don't understand this.. as many have said still under-valued based on what was known about prior to last Monday's news. mind boggled