Member Info for BurrenBoy

What happens in July 2022 If we have no cash and no oil!!

Bondholders dont know for sure we wont have spent it by 2022! They have no right to the money in 2021, none at all, just the 7.5% return.

Cash is king , money talks!!

Did Debenhams have lots if free cash!!

Dont worry about the wording in the RNS, it means nothing. Worry about one thing, how much actual free cash does the company have, only a little, approx 120 million!!!

Something they just stumble upon, perhaps!

Game changer!

What if they suddenly find an oil field with billions of oil in it, and they manage to get the license.

Yes but they can invest the 100 million into a completely new venture that might reap great reward.

With cash over 100 million the company is not worth less, fact! They could drive the share to a market cap of a pound but with 100 million in cash it dont matter unless of course you have to sell shares!

You have to be completely mad to day the shares are not going to substantially rise. The are only being kept low to give a takeover a chance, and they are losing lots of money keeping it low because everytime it goes higher they need to dump more and more shares!!

Who's in the driving seat now!

HUR could give special dividend and the moneys gone.

Then they get a weak negotiating hand.

Bondholders cant wait till 2022 because the money might have been spent.

They could buy other oil companys with that.

They dont need bondholders permission to invest that money.

What with over 100 million in cash!

Don't think anything over £1.00 is likely for the next couple of years at least, 2023 onwards maybe.

All shareholders will be able to invest elsewhere when it's a takeover!