Member Info for Auson

Godders99,

So you are happy to put 12.5% more money in this plus another 6.25% for the warrants ?

Godders99,

I can't think of 1 reason why you wouldn't sell a good chunk right now at 7.25p

Godders99,

I think its the banks who set the price Sam just had to agree the terms.
Are you going to sell some now or commit more capital to for the Open offer ?

They clearly mean year end as in 31st December 2021 but I admit it is confusing.
What is up with all these departures any thoughts anyone ?
'Cash and available facilities amounted to $318.7 million at 31 December 2021 (2020: $284.1 million), with net debt reduced to $1,222.0 million (2020: $1,279.7 million)'

Rookie1,

We had a bit of discussion about this and GIC on the other site, it does look like GIC might be holding on behalf of clients (being the Sovereign Wealth fund) If this is the case they don't need to notify holdings again once under 5% threshold.
www fca org uk/publication/ukla/tn-549-2.pdf

downbutnotout,

Relax carnage again on the US indices, let the shorter have half a chance to get out !

TheTexan,

The shorters want it down but they will be closing...just watch over the next few trading days.

GeneralLevy,

I always remember back in the day, you were always talking about EV / EBITDA and how GAAP standards can be highly misleading.

Silverfoil13,

You can, you will have an entitlement at 7p. Wait for note from your broker.
Time for Godders to get his cheque book out !

GeneralLevy,

Incre-d-ible !

Does any one have an average gas price for 2022 ?

BaysilHope,
1 Shorters
2 Shorters
3 Shorters
They are trying hard to keep it down, did you notice last night when things got a little bit like a rally there were a few sells of 10,000 15,000 and 20,000 all with in 30 mins. The same today with some 5,000 and 10,000s all together with the constant small ATs.
Obviously with the buy back and Nat Gas price they will loose control of the SP but I think at the moment its like a game of chicken with who wants to close out last !

downbutnotout,
Good !
How much will that effect revenue ? answer its negligible.
How much will Nat gas at 278p per therm vs last weeks price effect revenue ?

onedb,

I think we just need confirmation from the gov on this,
Have a look at these numbers from www operis com/energy-profits-levy-on-uk-oil-gas-sector/

Tax Rate Type of Relief Relief Rate Amount of relief
(based on £1 million expenditure)
RFCT 30% First year allowance 100% £300,000
SC 10% First year allowance 100% £100,000
SC 10% Investment allowance 62.5% £62,500
Total Relief 46.25% £462,500

The impact of this additional allowance is that companies can claim relief for 91.25% of the total capital expenditure.

This is calculated as:

Tax Rate Type of Relief Relief Rate Amount of relief
(based on £1 million expenditure)
Energy Profits Levy 25% First year allowance 100% £250,000
Energy Profits Levy 25% Investment allowance 80% £200,000
Additional Relief 45% £450,000
Existing Relief 46.25% £462,500
Total Relief 91.25% £912,500

https://www.operis.com/energy-profits-levy-on-uk-oil-gas-sector/

So $200m of shares are going to be bought, add that to the circa $400m being the 9.24% of Harbour stock that was out on loan at end May ( could be a bit more by now I would hazzard a guess ) and we have $600 million worth of stock to be bought.

Looks to me like they are paired trades so a buyer matched with a seller. I make it £41 million worth sold and someone also bought these shares. Perhaps GIC selling to a short.. or a new holder, I would think a hedge fund would buy as the spot gas price has almost doubled in a week.

Ammu123,

Those days are gone, too much profit banked and debt paid off !

LuckyLuciano,

Good point, with the recent sell off prompting an emergency ECB meeting this morning, it is possible the Fed will only raise 0.5% today

Pelle,

I am almost certain that is the plan, he wants to make lots of money for the charitable trust to use for philanthropy in retirement. ( think Bill and Melinda Gates )

Laburnham,

I agree the market cap in GBP should increase, however the debt in USD to market cap also increases, and I imagine some off the cap ex and op ex are in USD also.
I think slightly more concerning is the inflation costs to all, more concerning to mining or aviation I would expect, those fuel bills ouch !