Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
This was posted by CroftOriginal on RKH BB.
Note what Boris says about Oil & Gas
https:// youtu.be/1dcYXRawS_g
h t t p s : / / youtu.be/1dcYXRawS_g
(Remove the spaces!)
Albi1 you wrote :-
"DSPP is just following a line of reasoning that may or may not have legs based on some information he was given by another poster, he says, Carcosa. "
Carcosa was the person who wrote the very first post on the Lemonfool Hurricane thread … I found it an excellent summary and would be very interesting reading for anyone who is new to this BB.
https://www.lemonfool.co.uk/viewtopic.php?f=16&t=796&sid=35cee04cb6090e5f0f908ab17f834b62
" In the intervening period, we are pleased that Premier has separately agreed funding arrangements for all of Rockhopper's costs on Sea Lion."
What does that mean … a better explanation would be nice.
Does it mean ?
a) PMO are going to honour the original carry
b) PMO are going to provide a loan (high interest of 15%)
c) PMO are going to pay up front and then deduct from RKH free cash flow once SeaLion is up and going.
Congratulations.
You are the first and only poster that I have ever filtered on this BB in over 3 years.
Bye !
Bear13 I think you'll find that shorting is not illegal in the US.
According to Investopedia :
"Short selling fell under heavy scrutiny during the global financial crisis of 2007 and 2008 when Australia, Canada and several European nations placed bans on short selling of financial stocks. Since that time, regulations have been lifted or amended in some countries, but generally speaking, the United States has more liberal laws on short selling than most of the world."
Once HUR announce that both wells are producing, for a total of 20000 bpd (should be about 2 weeks time) then the price should start to recover.
But, unfortunately, stock prices tend to take the elevator down but climb the stairs back up.
Sorry ! this is link.
https://www.energyvoice.com/oilandgas/north-sea/218468/breaking-enquest-shuts-office-as-climate-protestors-descend-on-aberdeen/
These climate change protestors are becoming a pain in the ar***
JAdam :- "How many shares issued since the IPO?"
Answer :- Too many
suresh786 you say
"How much new partner is paying to pmo for 20% of sealion they got from pmo? ZERO"
I look at it differently. PMO never fully paid for their 60% in the first place (now that the £750,000,000 carry seems to have disappeared) so, in effect, it is RKH who are giving it away to Navitas.
If ARCM were hiding their shorting activity, how do we know they are not hiding their 'un-shorting' ?
Something stinks here … I obviously haven't been paying attention, but how can $750,000,000 carry just disappear and yet PMO still holds major share of Sea Lion.
Also Navitas seems to be getting a hell of a good deal while RKH is getting screwed.
I hope I'm wrong on this and really it's just poor communication that's causing my concern.
A couple of posters have suggested that the carry from PMO is no longer there whereas the RNS states :-
"Rockhopper said its costs for the first phase of development, not met by senior debt, would be met by a combination of carry and loans from Premier and Navitas from 1 January to completion, estimated between nine and 12 months after first oil."
But it IS rather vague as to how much is carry and how much is a loan.
Navitas is up over 10% on Tel Aviv stock market at present so Israelis must think it's a pretty good deal.
https://www.tase.co.il/en/market_data/security/01141969/major_data
daltry You are correct … sorry.
Should have been addressed to Biffadog.
p.s. I was referring to coning in general ... I definitely don't think that HUR has any such problem.