Member Info for antigua18

Agreed Rookie, death by a thousand cuts. The only way through this is for the majority to get it.
It wouldn’t be popular but a short sharp shock would have been much better and the country could recover much quicker. Spend resources on protecting the vulnerable then hopefully it would burn itself out in the rest.

I know it won’t go down well me saying this, but aren’t we getting overly optimistic about scally giving good results. I myself feel very excited but should really be cautiously optimistic. It’s difficult not to get carried away.
Given it’s so hard to find good grades, we are all hoping that nearology works in our case. Lots of targets and the hope of finding Hav mark 2
What would happen to the share price if results are not as we expect?

Something to take from presentation, didn’t he say that Cadia started out with a MRE of 3.5, and look where that ended up.

Arcm at it again, trying to undermine the company. Who would buy the debt if they have doubts about the refinance. Sounds to me they are trying again for negative publicity to try and get what they want.

Sorry for typos, should say handedly

Reggie, don’t know who your comment is aimed at but on the subject of China They have pulled a blinder. They have single handily destroyed western economies. China’s relentless quest to become world number one has become a step closer. The only floor in their plan is that they need western countries to sell their tat.

Devon, I held Pmo bonds a while ago and did consider buying back after the COVID crash. Slightly less risk and higher up the pecking order should things go wrong, but thought better returns from its shares. How wrong was I!

Typical Pmo, doesn’t go up when oil does but only too happy to drop when it tanks.

Oops should have said today

Big up to the Leicester posse, It’s good to have representation from the midlands as I’m also from Leicester/Leics. Was beginning to think it was all southerners and northerners In here. Lol

Amazing to see how far this share has come and potential still to go.

GLA for tomorrow, let’s get 30p ticked off and out the way.

Yes I got in years ago and relieved it’s come good and more than helping my poorer investments.

Don’t write Pmo off yet, big Tone won’t let us down......... he has a cunning plan, yet to be revealed.

Someone please wake me up, I think I’m dreaming again. Lol

Your argument has merit although is missing one vital point, it being one of the most shorted shares. It never reaches fair value and is held down for various reasons. We have all seen this manipulation over the years, admittedly In part due to its large debt position.
The main issue here Is the greedy creditors wanting more and more flesh. These are exceptional times and not the norm. They are willing to bring a company to its knees in order to extract maximum gains. The BOD should have reacted quicker to secure a deal and averted this mess, however we are where we are

As a your interests are debt related, do you think it’s a fair Refinancing deal?
Also do you think the refinance will go through?

Agreed, your careful not to say sell but your painting a picture that shareholders should run for the hills. Would you not agree that a lower share price is beneficial for debt holders?

Devon, reading back through announcements you are correct about the covenants, apologies.

I will say however that you have an agenda. There’s no doubt your knowledgable but with your own spin. You remind me of AndyP. Never took offence to anything said and countered to prove his argument. Very professional behaviour which is more suited to someone working on behalf of an organisation. Having admitted your interest is debt related, I question why you would be on a shareholders blog talking at great lengths about debt if not to try and frighten people to sell.

dubaidave, my motive comment wasn’t aimed at you.

Some of what you say is half truths and misleading. Everyone still invested here is well aware of what’s going on.
It’s tuff times for all oilies.
Pmo has lots of assets and has been widely regarded as well run up till now. (Not to say I like Td)

Lots depend on poo rising of coarse, but it can’t stay this low forever. Too many snouts in the trough.
As for your comment about the company could be run for Servicing its debt obligations, I would suggest this has been the case since last refinance. TD bends over backwards for them, so I repeat there’s no reason they won’t accept. They could however demand more since he paid off Arcm.

Also for the record I don’t like the position we are in but in my view it will go through leading to massive dilution but a secure future.
DYOR

You seem to be trying to scare people, what’s your motive?

As far as I’m aware creditors can’t just decide to take over the company as they don’t own it.
They do however own the debt and can call it in if we brake the covenants, which has been reset until the end of the agreement that ends in May (as far as I understand it).
At the end of this they can call it in which would then potentially make Pmo insolvent. This would then mean Pmo would have to call in administrators. They would be the ones to work out how to pay off the creditors.

Currently we are nowhere near this. Whilst nothing is certain there is no indication that the creditors won’t agree. They are getting a good return for money unlike the Pi’s.

That’s not to say it’s not a risky play.

DD, Your statement isn’t entirely true “ The company is in a mess and has been trying to pay down debt for years with little to no success, this was with Brent at over $70”.
Pmo have paid roughly a 3rd of the debt off from its high!

The company is currently in a mess but mostly down to Covid and the refinance happing at the same time. No one could have predicted it.

TD needs to earn his fat salary and get the refinance signed off ASAP. It’s the uncertainty that’s killed the share price.

Agreed Zen, amazing rise, long may it continue. :-j
Was hoping for a prolonged rise here as we seemed to be on the up, then COVID came and things went to pot. Oil is out of favour and no saying when it will recover. For all our sakes I hope it gets back to normal soon.

I agree in part Mickey, some posters ramp like mad then suddenly gone or suddenly find fault with the company. flip side with the just bought brigade is are they truthful. Why buy yesterday when they could have bought the other week for a lot less. The truth is non of us know Whether a poster is genuine or not. It goes back to what Merc said in that share dealing is cut throat and many, like it or not, are taking money off someone be it the sheep or the wolf. All of this proves it a waste of time debating why someone sells or buys.

Why are we wasting time debating people selling, with the other side of the coin “Just topped up” just as pointless. If people choose to share such things then so be it, it’s personal choice but doesn’t need endless comments/criticism
The only exception is when posters are deliberately misleading.