George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
PMO will be joining the 100k plus bopd club shortly. Debt will be less than 2bn usd & that’s before zama is booked. Ok dilution imo is a negative, but finally this company will have a secure future & be far more investable for institutions ,
ARCM claim that the decommissioning costs are of a major concern. What a load of disingenuous tosh. Their solution is simple sell the debt at a huge capital gain & reinvest the funds somewhere else, their is no shortage of opportunities. Does anyone believe the tripe they are spewing, IMO these statements just makes them look desperate & silly.
Our Asian friends are clutching at straws... hope they don’t play poker...
Great figures from Cairn re Catcher & pricing released today
Ø Catcher (Cairn 20% WI) averaged ~63,600 bopd (gross)
Ø The Catcher Area fields continued to outperform during 2019 achieving excellent operating efficiency from the FPSO. On Kraken, FPSO performance was significantly improved during H2 2019 and this has continued. Planned shut-downs for maintenance and tie-ins of new satellite wells on both Catcher and Kraken will occur during 2020. Both fields continue to realise prices in excess of Brent.
I guess it’s within the terms of the shorts which we are not party too ?
What’s to stop ARCM keeping the short open ?
300,000 at £2.00 limit
Exactly JW61, good to keep making that point . Re the shares loaned to ARMC, will have to be returned to the brokers prior to RI is completed, how otherwise will shareholders using brokers who’ve loaned to AMRC be able to take up their rights?
To continue, I assume arcm will only have those rights once they’ve bought back the shares. So currently no rights on shorted stock.
Given RI & placing details yet to emerge, rising sp is v encouraging. Someone, I think arcm hunter mentioned that our HK friends will have RI rights on their short. How does that work if you have sold the shares on loan?
When PMO rejoined the ftse250 about 2 years ago, their was bit of an uplift in sp, but nothing significant, when hopefully ENQ joins the index , all things being equal although a positive from a tracker point of view I wouldn’t get too excited about any sp increases.
Romaron, what are you on? Please let me know & I’ll be buying. To suggest that ENQ finances are more easily understood than PMO is stretching it. Being invested in both I have much greater clarity on PMO’s financial structure than ENQ. I like ENQ , particularly after the last week, but I think it’s fair to say that AB is the last person to call a spade a spade. ( just look at how he handles questions from analysts , he manages to turn questions into questions ). I’m not questioning his ‘genius’, but ENQ is about as far from vanilla financing you could find. (Magnus waterfall etc etc). If it weren’t for the hand holding from the spreadsheet gurus on this board I would not be here & only until recently Barclays were avoiding this stock because of their inability to understand its debt structure. As ENQ continues to strengthen It should be able will simplify its financing, but their again old habits die hard.
Fred, just read your post & feel gutted for you & other pi’s who have lost small fortunes. The lesson I learnt on sxx was their are a lot of sharks prowling these boards, ( mentioning no name Gaia Kidney) who were v persuasive in their arguments, but in reality were charlatans. Lots of burnt fingers here, but the sun will rise in the morning & you will get over even if you never forget SXX. I wish you health & happiness in the future.
Give it a rest Nigoil.
I agree Grippa, The CEO of sxx, had harsh words to say about this board, clearly it is influences.