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I agree Grippa, The CEO of sxx, had harsh words to say about this board, clearly it is influences.

Mrd, you should know better than most, to stick to what you know. At least you managed to get out of SXX before the sh*t hit the fan.

This investing malarkey is a funny old business. I have good holdings here & in PMO, but to be honest was getting impatient with both companies. As I have good lines of communication with HUR, I expected that to be the big mover, but low & behold the old dogs are showing the way...Just goes to show that I know Fook all.

The price action is unusual, given that a placing & RI is imminent. I would have expected the sp to retrace, irregardless of the fantastic deal TD has struck. Morgan Stanley increasing their holding I think also bodes well, plus imminent news on the 75% & of course Zama. Interesting times for PMO, but looking like all steam ahead.

Maybe that has something to do with it ponzi, but hardly new news. Nice to see you all positive & dishing it out to anyone slightly negative . How the times change.

Re AndyP, IMO opinion a totally poisonous individual & a classic case of a bit of knowledge being dangerous in the wrong hands. He clearly has an agenda against PMO, I wouldn’t be surprised if he is an ex degruntled employee. Hope he sticks to Advfn & having being banned on lse never returns.

Anyone know what will force ARMC to close their short. ? I assume the margin calls will become a factor & increasingly expensive as the sp strengthens

DNOB, yeah but PMO is up..,

Trump says Iran are standing down. Well if that isn’t the biggest pork pie so far this year. Clearly showing his totally ignorance of the ME. Personally I wouldn’t buy a second hand car from the man & to think people still believe the bullsh*t he utters

Absolutely agree with you ARCM, also to add to the mix If the EON deal is anything to go by, TD is no slouch when dealing with major’s reducing NSea exposure. In someways this deal is not dissimilar to the deal ENQ did with BP re Magnus, however imo the deal TD has struck is far more easily understood & once investors realise he is acquiring assets that will be paid for within 3 years. A bargain for PMO & in imo a no brainer.

DNOB, with your track road on predictions, best to keep your trap shut, you have zero credibility.

At least you haven’t lost your gallows humour Chilting. A sad day for sxx lth’s, hope you get it all back plus interest with ENQ.

Heardy, I’ve held pmo for a long time & I would argue they own some great assets, putting that aside it’s amazing given the huge shorts (in excess of 25%) that the sp has held up. As those shorts now close the sp will have massive support. These sort of opportunities don’t come around that often & I guess that’s when the real money is made. Yes ENQ is cheap & I hold a good chunk, but IMO PMO is currently a gift.

People, don’t forget to adjust your sell limits. When the big short closes, who knows where the sp will end up. If it does a VW the sky could be the limit. ( & that’s before Iran kicks things off).

All this water cut nonsense has created a grate opportunity to buy in at sale prices. I’m not sure how many times HUR have to repeat that Lancaster is performing above expectations. It is blindingly obvious that all is well.

Sorry to read that TR, but love your sentiments, all the very best padre.

Well played TR, I think the beers are on you. ATB

Like Canute soon to be poor AMRC can’t stop a rising tide.

MP, having given the Telegraph article more thought, there is nothing new in it, apart from the blindingly obvious factual mistakes by the author Olly Gill. The objective of it is clear imo to unsettle PMO shareholders & drop the sp, I hope pi’s on this board who should be far more informed than the Telegraph hack, see through the games that ACRM are playing.

My final point ( hopefully today) how can the Telegraph be so stupid to quote the debt in sterling, when it’s dollar denominated. C’mon Olly Gill, back to school for you. 2bn Usd debt is not the same as £2bn debt. What a plonker.