Member Info for Bladesman

Unlikely, but 50p would be a result though esp if this year. Just thinking .

DB, big word that.... “if” bold holders start selling.

Pearl's, no need to take any notice of, or advice from , destitute broker. The clue is in the name , Desitute !

Oh, and I forgot to mention EIG private equity firm will own a big slug of new co shares so expect them to drive so forward and collect dividends. That's an important differentiator from previous.So, I'm with Pearl's and Rookie and think 2021 will be a very good year for us.

Valuations are not just about the numbers but also some important intangible factors, Tesla is a case in poin the valuation of which is not justifiable on the numbers alone . Investors also look at the team or leadership they are backing as well as the fundamentals and with pmo the leadership was a pretty lacklustre bunch. The crew at Harbour led by Linda Cook are in a different league and will take the lead and drive strategy, rather than be reactive to external forces as pmo old co were. They got outmanouvred by its creditors, arcm in particular. Lots to look forward with with Captain Cook and co in the post covid era.

I think we should listen and take heed of Pearl's postings .... pearls of wisdom and all that !

Agree not, next year is when this gets into gear after approval of deal by shareholders on 12 Jan.

Oilies are down generally, it's not pmo " itus" , theres always tomorrow!

agree EC, but they will get sorted out after the launch of the new co. Not long to wait b4 we can free of them.

Positive start to the week before the start of a new year.

more reasons to be optimistic....IGTV’s Victoria Scholar spoke to Malcolm Graham-Wood, founding partner at HydroCarbon Capital about the outlook for oil in 2021.
Graham-Wood says he’s expecting the biggest worldwide economic bounce in 15 years, which will be bullish for oil prices next year.......... Lets hope he.s right

I agree SK, however old pmo mgt still could not get out of the financial mess they created when poo reached 80 in 2018. Lost ottorpunity, as you would say.

Oh, and I forgot one important thing , v important, we will have mgt team in charge of events, not a slave to them.

In old pmo it was all about how it can best manage debt without going bust , with new pmo it's about how much money it can make. What a turn around, and very exciting.

I think sk is pulling ones leg , probably.

Assuming 1. Covid under control, 2. Oil price above 50, zama unitisation favourable and 3. sale proceeds to repay debt...... 40p by 30 June

I seem to recall a pmo rns where TD stated the interest in pmo by Crysoar was not in pmo shareholder interests. He was always the one acting on behalf of us all ( not) ! Time to make way for a new, brighter era.

Arcm's short of 6% is calculated by ref to current shares in issue (approx 980m) , This % drops to diddly squat when new shares are issued ( approx 18bn) , so I guess they are waiting till then, as much less impact on market price when they buy

Pearl's, it seem to me the market currently values new co at around 3.6 bn ie 18bn shares at 20p each. So this is the base line.But, If you look at old pmo debt at near 2bn against market cap at 180m , then new one is much less geared and therefore a healthier balance sheet, so de risked and with the very real prospect of a dividend; it cant stay at 20 p ish for long. Imho, of course.

Bojo says we will be free of covid restrictions by end of Feb due to vaccines roll out . Hmmm, hope he's right