Member Info for BearFoot

With the share price so low and the equity virtually worthless, compared to debt, is it actually possible to have a rights issue to raise enough to balance the books?

Volume has gone up on many stocks recently.

I guess the big boys and girls have finally come back from their christmas holidays and started buying.

Manufacturers seem to be in favour at the moment.

With things settling down after the serious disruption of the last few years it seems they are getting used to the new normal.

Companies reorganised and going for growth.

Bab included.

Nothing spectacular from todays update.

Small production fluctuation, product prices as expected from recent oil and gas price moves which can be seen daily.

Uk production to pay the bills, overseas projects to provide the growth, which takes time.

Waiting for the Wintershall Dea deal to go through which with 25% acceptances is not a done deal, yet.

Debt free and paying a nice divi, while waiting for progress.

As one of the bigger and more diversified middle tier production companies HBR is surely a better option than north sea focused players.

As with most investments, take your divi, sleep soundly, and wait for the deal, whichever way it goes.

Trade if you like, and provide fodder for MM's. Who in my opinion do a good job of promoting 'liquidity'.

Plenty to like in the energy sector with updates from Wood group, Hunting and gulf marine services all pointing to good times ahead. With increased focus on sustainable fuels, which is welcome.

DYOR

The US dollar exchange rate to world currencies is getting stronger DXY

Flight to dollar safety in times of stress

Supposedly associated with lower oil prices

Buy home grown 'makers' if theres any left.

Is a 0.1% change in inflation really statistically significant?

The margin of error on data collected is quite wide from what I remember reading in the past.

We've seen many times that stats are updated later down the line as more data becomes available, sometimes fir the better somtimes for worse.

Doubt people change their spending habits on such low indicators.

Perhaps part of todays move is due to the announcement that DRAX is going ahead with the carbon capture scheme.

Harbour are players in that market too.

https://www.theguardian.com/business/2024/jan/16/drax-gets-go-ahead-for-carbon-capture-project-at-estimated-40bn-cost-to-bill-payers

As a follow up to my original post, maybe the better option here is to wait until refinancing is complete, production is ramped up and collect the dividends. KMR would have been a good investment in that regard.

Having invested in KMR years ago, only to be wiped out when the debt needed refinancing, I vowed never to be a backer of an early mine start up again. HZM has always been a great story and fantastic to read about. But mine financing is best left to the big boys in my opinion. Cost overruns and delays are inevitable in big capital projects. Impossible to place a 'future value' on the shares becasue its not known how many extra will need to be issued, in my opinion.

I'm sure the mine project will do well with the backers it has. But will retail investors be wiped out before then.

Could share price weakness be due due to the obsession with tech / AI at the momen?

O&G all down recentley.

They just need to announce they will be using AI to improve flow rates and the share will fly!

https://www.investorschronicle.co.uk/news/2021/07/15/tullow-oil-finds-cash-flow-life-raft/

Offer price falling slightly, 9.15p ealier 9.14p just now

Last week POG were tipped as a trade, with a risk of a takeover, and ultimately UK shares becoming worthless.
https://www.investorschronicle.co.uk/the-trader/2020/06/18/petropavlovsk-going-for-gold/

After today's events they've updated their opinion to they've had enough of the board room fights for control ...
https://www.investorschronicle.co.uk/tips-ideas/2020/06/30/yet-another-board-coup-at-petropavlovsk/

Could POG be suspended on the London market due to corporate governance concerns?
Maybe for 3 months until the vote can be re-arranged as suggested in the RNS?
During which time the stock is still traded on the Moscow exchange?
Any Comments?

Are they hiring ?

There is a significant short position in POG according to this website :
https://shorttracker.co.uk/company/GB0031544546/
Polygon Global Partners LLP 5.20% 18 Jun 2020

But this has been listed for months, so either they're doing some financial buggering about, or their getting worried.
Any thoughts on this?