Member Info for BurrenBoy

But what do you think will happen?

Do you know why many perceive the outcome to be zero, many posters see upside potential and an undervalued share price, the talk of zero seems at odds with the company's potential. I understand the bondholders situation but that's not for another 18 months, why the talk of zero for this year. Hurricane still have 80 million cash to play with if i understand correctly.

Question to all.
What is your estimate on the share price high during 2021? Understand that there are many many unknowns but if there was a big prize for the closest what would you go for?

HUR will have cash to spend next year and the bonds not due until 2022, at least they have options to invest the cash to make substantially more by June 2022, even if that's investing in a new venture that's income generating, and has possible cash reserves also. By becoming larger and diversified they will have more room for manoeuvre.
Improve company stability to renegotiate the bond terms

Maybe the best solution is for HUR to invest their cash balance into a new venture providing diversification from the riskier assets they have?
Maybe a merger with another company?
Can the bond holders stop that?

Does anyone have any thoughts on whether the bonds will be restructured? HUR say risk of no return to shareholders if they cant. Not sure on the odds of a restructure being allowed by the bondholders, or would they prefer to give up the search for oil and take the money and run! HUR are making it sound like there is not much point as the resources have been so dramatically scaled back. If you were the bondholder what would you do?

Ok, thanks for the input. I will try and pick something better, i just cant afford to lose everything if HUR gives zero to shareholders.

Hi Yellowman,

Do you have any shares in HUR now or have you already sold up? Looking to make a decision if its best to sell the lot on 04th Jan. Your advice would be appreciated.
Thank you

I will never ever per again.
Check the RNS tomorrow and make your mind up on my aim here!!
Goodnight

I certainly think that Theresa May has a better chance of being leader next year than we do!

And they choose to put us out of our misery by drip feeding RNS saying we might be liquidated. They are so kind.

I know the outcome. It's in the RNS. If they could monetise something don't you think they would have done so!!
They have been lying to all of us and they know it.

what a terrible END to the year this is. It's soul destroying knowing we've been TOTALLY stitched up!!!!

I know let's monetise something we don't own, and by the were broke and will soon be liquidated. Who would buy when they get for free when we cease trading. The port monetization is a scam!!

The BOD here find it difficult to tell you they have taken all our money and paid their salary whilst writing very very misleading statements about monetizing a port!!!!

I should get a job with BZM and do absolutely nothing. That's as good as it get... Buying shares is just paying their wages. That's all you get....

The BOD have robbed us all here! With AIM shares the private investors are literally lining their pockets. Where has all the money gone!!!!!

It's clearly all down the pan. If there was any chance of sorting this they would have done so by now. The BOD have our money and will have a good Xmas on us!!
Anyone who wanted to sort this out would have done so by now. They don't even have the decency to tell us it's all over!

Insider buying. with big 5k blocks they know what's coming here for sure. this has 1p close written today!

This is going to be a fast ride!!!! So glad they sorted the finance without dilution.