Member Info for Auson

devonplay,

What did you pay for your PMO1s if you don't mind me asking ? Did you hedge them at all ?

Derisking going on across markets. On the plus side the lower this goes the less chance TD has of getting his Open Offer, Rights Issue, Placing away in fact I think he has already missed his chance.. and thats a good thing for equity longs INMHO If the creditors extend covenants ( kick the can down the road ) Bonds stay around 70pc. and equity should double even at $40 Brent.

Buzzard44,

Doesn't that all depend on the bondholders ? ARCM could have a deciding vote here. If I were in their position I would extend/ defer for 6 months and make Tony wait for his BP acquisition..

devonplay,
Or if it all falls appart you could be offered 45pc or less for your bonds.

Does anyone else think this BP nonsense is just 'greenwashing' ? After all that pressure from XR, the Globe and the like.

'Chrysaor, which was founded in 2007 and produces 200m barrels of oil a day, is not interested in acquiring Premier unless the debt is restructured, according to a person familiar with the matter.'

Thats not really how it works though is it. If you acquire a company you acquire or rather pay off its debt.

MPO818,

Sirius had one asset and no revenue.

pauldrayton,

Yes they would be getting all of Premiers assets plus the $4.1b tax credits !

Krakenoil,

Good one !

kenniGT,

Its still well over $2billion to buy the company so as others have posted I think merger is a much better plan, hence TD not wanting the shareprice to go too high today.

kenniGT,

No just the rise was heavily sold into. Clearly something has just got out.

TheRealSlimStig,

Would it make you feel better if we call it a highly geared play on Brent ?

...unless its Standard life reducing as much as possible before the update.

TheTexan,

He is hinting at a Debt for Equity Swap looking at the numbers this still doesn't work to my mind.

metamorphosis84,

You have no more idea of a future valuation here than anyone else who posts on this board. If you want to say somewhere between 0 and 260p then we should all agree and so no need for your posting here unless you have thought of something new to add.

I should add costain seem to have accounted for most of their rights issue cash for 2 loss making contracts and resultant court case.

Dropping because of Costains results today INMHO

HappyInvestor100,

Its hard to see how Tony will pull this off with the Market Cap right down here and the current Brent price weakness. If this scheme falls through or is postponed and the refinancing takes place without it I see a relief rally here.

Supercharger,

I'm no chartist but I bought more here when silver passed through 26.5 recently. There does look to be an upward trend line although it lacks any real strength currently. Could just be cooling off after Silvers previous big move up.

TigerByTheTail,

My guess is the traders are waiting for Silver to break $28 again to confirm the next wave up.
Perhaps the Bull Market in PMs is not yet confirmed absolutely ?