Member Info for Ant1986

Don't know why you'd tender at this price. There is no tax advantage to us. Let the institutions out and it's still going to be trading way below NAV.

If you wanted out you would have sold at 215p last week??

What if the VWAP is 150p and you've tendered at +5%? Just stupid.

You mean from the guy who's close to Putin?

I think the BOD was outstanding in getting some money back. Just my view.

Strong close and like I said, markets can be very irrational. I have no idea why we went for a ride to 189p but I'm pleased it has reversed just as quickly.

Tender still a red herring but that will begin to change at 220p+ long way until the end of this month yet.

Sad news about the hospital today. Trying to switch off from it a bit but that's sad for all of humanity.

...of the transcript. We absolutely did not expect $120 oil and we are totally unhedged. Yippee.

Please....

Someone has said, that's it, we're done at 195p. Almost a stock transfer taking place.

Just realised the timings slot around the tax year (by design, obviously).

How does it impact (what's the advantage?)

I reckon even I could get £2.50 for everything we own.

Yes, namely $300m at $120 oil!

Selling the company private would be the best for II's.

There is guidance in the presentation?

And I absolutely believe the company is a sitting duck now. Could even bid 225p and land this. Asset strip and make big money. The company is valued as a total flop.

Exactly, I remember it went to 167p then up to 211p, even after India cash news. MM just takes the **** until buying pressure kicks in.

I'm buying, market doesn't have to be logical.

More money in the bank than the mcap...

Assets that produce for 12 years....

Payments for the next 4 years.....

Significant exploration still outstanding...

Future deals.....

Takeover......

I'm still in disbelief that it hit 189p.

The tender crap is a total distraction to value of the company.

If I were a private equity company I'd make the move. So little risk with cash pos.

My dream scenario right now is a bid between £2.40 and £2.50.

It would be easy to take the cash and sell the assets back to Egypt joint partner and collect receipts from North Sea/Senegal.

At least £300m - £400m in that deal.

MM has just had a party, just have to face a loss on this but I won't be selling at 190p. Completely corrupt and complicit with MM.

Don't think you follow the logic here. it's suppose to have offered a slight premium to the market price. It's not some made up inflated price, its structure is clear.

At 200p it's a red herring really. Let's hope for better today.