I was told by a pharma chap that the reason the same drugs cost many times more for the NHS is because they are from an approved manufacturer with all the clinical doseage testing and raw material traceablilty, whch obviously all costs a lot. I'm not saying I agree with that answer but I believe it is true.
Sorry but I don't even see the SP here falling to 2-4p so no way a takeover of that amount would fly. You can add a zero to you're 2-4p and its still legalized theft ! The assets exist and oil isn't goin anywhere. Whos going to be building/ buying/ selling EVs now with Brent at $29.5 ?
No that wasn't what I had in mind. For all we know they might be buying up the bonds now at a discount. If they did that they would also need to by stock in order to buy votes, or they could just make a really cheap offer on the equity. just my thoughts. Or we could be back well over £1 in a years time.
An interesting point that was made is that Saudi had to drop the price of their oil cargos as the oil price had dropped so much from the agreed price when the cargo was shipped approx $10 higher than spot so the buyer would be taking a big hit if they went through with the agreed purchase at agreed price.
Well here in the UK we have a saying. 'Even a stopped clock is right twice a day' So far you have been right once in how long was it since you predicted 5p ? Give us two correct predictions a day then you are at least on par with a broken clock.
Shame they didn't state current production, but I would hazard a guess its very high 70s Breakeven at $45 is more or less what I stated to that guy who thought it was $52 a barrel due to slide 17 on the last results presentation.
MBS has asked Al-Falih to meet with Novak, apparently the Saudi energy minister ABS ( MBS's Brother ) has a very short temper and would not negotiate with Russia. Shale is predicted to drop 2 million barrels a day of production at these low prices.
'It's widely known that the current Saudi Energy minister ABS (MBSs brother) has a very short temper and can be an antagonist. This is what led to Russia's Novak walking out of the OPEC+ meeting. ABS stubornly stuck to the terms of the desired cuts and would not consider any concessions to Russia. Some sources say this was a mandate from MBS , not ABS's own idea. Al-Falih has always gotten along with Novak. He was the person to convince Russia to work with OPEC+ . He is trying to set up another meeting to work things out.'
Ok so why are the shorts spooked ? They might announce they have been in discussions with interested parties etc etc A predatory offer could come in as the results are released because the bidder would want to see the numbers before offering and without making a formal approach which would raise the shareprice.
It wasn't meant as a snipe at you, so sorry if you took it that way. It makes me suspicious when we have a number of non stop negative posts on here from a number of posters. Both you and I are projecting what we think might happen. What I don't understand is if you have resigned yourself to hold as the value of your 0.36% holding is not enough to sell, why not at least hope for the best until proven otherwise. I genuinely wish you all the best, most on here are massively down and I will make no excuses for Moody and co. Probably best for you to switch off from the screens for a bit if you are not going to be buying or selling. Maybe talk to someone if you can for your state of mind. Should be a very different picture here in a few months.
Sorry Godders99 I forgot you're a busy accountant. As an accountant what value would you put on 2P oil reserves at this moment ? At least there is no debt here if you had your £500 grand in TLW or ENQ or PMO you've now got the spectre of a D4E especially with ARCM on the case !
'nothing to right home about' Do you mean 'write' home about ? Kind of proves my point £40m buys the company, Approx £20m back from cash plus $20m or more means the 2p reserves oil and carry is almost free. If they don't get the financing the rest of Sealion could be available from Premier at firesale prices.