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This article was updated on the 13th Sep where the finance ministry said it expected to release the guidelines any day now after assessing feedback from the companies on the draft norms. GOI hopeful of a speedy settlement . Times now article dated 13th Sep .

Well said Megla and I think you are spot on with your assumptions. It has just been over 2 weeks since the CEO said on record his comments / statements, news due very soon on 2 fronts. Egypt and tax .

If I am correct That is the 2nd RNS from Aberdeen reducing there holding , 6.4 % to 5.295 % now to sub 5 % . Not sure why for the life of me why you would sell this close to payment . Only thing i can think of is margin calls else where or they are not happy with Cairn for excepting the hair cut payment . Or they simply want out .

Cairn would not make statements unless it was going to happen . I agree the Indian press will probably provide the update to say the terms have been released for the retrospective tax agreement .

I have posted many times on the same theme this is bonkers . Both sides want this completed just like the walk down to 123 , crazy . I fully understand the dislike of ending up with a fixed price deal on Egypt this is not ideal and if India was removed Cairn would be sitting 80 p on a good day . But the key thing India is happening and soon .

I am the same Cairn seems to have found it’s feet around this range. Hindu times reports formal news due any day which would be the catalyst for Cairn to accept the terms and close this out. I can’t for one minute believe the CEO would say so publicly the deal was almost done unless he was 100 % sure. The Indian government are also desperate to close this out . The only unknown is the other companies and there thoughts on the terms very shortly to be released ??

Totally agree the market super duper hates the fixed price Egypt deal . Exiting the UK for Egypt was even more bonkers . Both fields have a long life ahead of them . Time for the board to deliver .

Simon Thomson on record saying he fully envisaged the special divi payment this year and the matter closed before the end of September . This walk down is ludicrous and makes no sense . Sit tight folks and buy if you can .

Potentially days/weeks from closing this out , both sides are desperate to do so and move on . The only issue from all the information I have come across is the other other dozen or so companies agreeing to the terms in the deal . The Indian parliament are going to make an official announcement on this very shortly . This is a just a slight niggle but non the less it is there. For me this is a massive buy and accumulate on the dips folks

Tomorrow should be interesting and Poly might just surprise us all

Potentially India will formalise the tax agreement this week and I have just listened to Cairn presentation again and I am in doubt cairn will accept and move on . The squeeze is hopefully down to mms however it is in the back of my mind that all companies need to agree to the terms in the agreement and that is never easy .

Raft of broker updates this week seems to have unsettled the share price . Hard to believe this is creeping down to below 180 . I think we will hear something very soon

Accumulate and wait . Potential update at start of October going by previous years if not 4th November.

This is almost unbelievably at the all time Covid low. Chairman bought last week at 1420 to show support I can’t help but agree now we will get a wee update at the start of October to steady the ship . Unless there is major supply issues which we are unaware of then this fall is overdone . Upwards . Fall below 1308 Covid low would start to getting twitchy

Looking to get in !! What is the latest folks on the US lawsuit I can’t find anything after Mid August. ?? What is the expected time frame for outcome?? Thanks

No doubt we will see 15 plus pre ex special divi . Great bounce back today and B&M staying strong as well . Barclays maintain overweight at 1775 today .

Crazy that Gold is up today and yet we are near pandemic lows under 1390 . Crazy . If and it is a big if Gold breaks 1800 and the upward trend starts again . Poly will fly. All about the gold price and trend

Next update due in a few weeks which will keep the interest going . Trading update due 14th October. Re reading yesterday’s update I think we can easily expect another stonker

Let’s see what the broker ratings make of the latest update. All positive . This has got to push through 15 on improved market sentiment. 100 p divi due before end of October

After Friday I thought we would be in a far better place than today . Massive sell off in gold and the reversal of the upside trend went against us . Pressure on Gold to go lower now and Poly will follow suit . ECB announcement 15 minutes before market opens that might add some spice to the Gold price.