Member Info for Cebo-456

Those were 10 quid a pop before the SFO starting sniffing. The Court Case draws a line in the sand, the plea bargin means the SFO are only pushing charges relating to - not having procedures in place to prevent fraud and bribery. A fine in the region of 100mil sounds about right and will mean the SFO can walk away and justify their existence and will also allow PFC to get on with the business that they are good at. I don't think that a 500p SP target is unachievable in the short to medium term or back to 10 quid if anyone wants to wait a few years.

Avacta presentation ongoing, AS very positive about Abingdon capacity and their ability to scale up (11.10hrs this morning). This presentation will be available later.

Avacta presentation ongoing, AS very positive about Abington capacity and their ability to scale up (11.10hrs this morning). This presentation will be available later.

AS - "can't say much at this stage except that they are very pleased after results from the first dosing" or words to that effect - if that doesn't tell us that things are going very well then I don't know what dies.

No, once this has been rubber stamped in Europe then then it covers sales in the UK also.

Schemiel, that is wrong - CA do NOT have any directors on the board.

Joffoon, no, they are pleading guilty to failing to prevent individuals from accepting bribes, very different. They have come to a deal with the SFO. A fine in the region of around 100mil sounds about right to me and then the clients can deal with the new sqeaky clean Petrofac with a spate of contracts announced from Q4 onwards.

Twatcher, I suspect, unlike yourself and a few others that constantly live on those boards looking for attention, most investors have a real life, have reals discussions with real people and have real friends.
Most will have RNS alerts and Level 2 access set up without relying on this forum. Most investors will have done their own research or contacted the Company and made their own minds up and for obvious reasons do not need to or want to share info with some of the clowns on here.
Occasionally there is a link or a piece of info on here worth checking out further but for the most part, it is just you and a few other looking for attention (your welcome) or trying to influence others to buy or sell, sad.
Each to their own I suppose. Anyone daft enough to trade based on attention seeking nobody's deserves all they get. Likewise if the only life somr people have is looking at others porters history, reading those boards constantly and posting here multiple times a day then crack on, sad as it seems to most normal people in the real world.

Of course this will have been considered and pros and cons worked through. From memory any tieback is more of an enabler to sell the black stuff rather than any huge money earner.
This, and a decent flare gas recovery system, will no doubt be considered as part of any forward plan as the OGA will want flaring reduced to a minimum. But before any of this happens they firstly need to agree an extention with Bluewater for the FPSO.

Although not stated on the AGM notice, judging by the size and location of the venue, I doubt that it was open to normal shareholders.

I may be wrong

Dibs, Swag etc, I suspect that the reason most do not reply are because they are probably bored with a lot of attention seeking cr@p that you and a few others continuously post, you guys need to get a life, remember this is just a online forum, hardly real life and not worth spending hours every day looking for attention on a company you are probably not invested in - and if you tell me you are then I really couldn't care less.
For most, certainly for me, the wait is frustrating, yes Colin / ODX could have played it differently but the majority of the delays are now out of their control. I doubt MHRA can give their approval until this has had the CE mark of which could and should come at any time - in fact CE marking could be the final tick in the box needed for MHRA to let this be used and sold in the UK. I would be surprised if the Company and MHRA haven't been communicating closely throughout the whole process.
Feel free to continue to bash the company, CEO and any others that post anything positive on here. If your constant negativity makes others sell then more fool them. For me I can continue to confidently wait, trade a few on the dips and peaks and see what the future here brings.
Others including yourselves can trade and post as you please.

Schlemiel, we do not even know if some of the ad-hoc group were amongst the 33%. Plus as long as the well continues to produce the AHC are pretty much toothless and out of options, they can carry on until next year collecting the interest but there is not a lot else they can do - they have no voting rights unless they also own shares and Hurricane now look very likely to have more than enough cash to pay them off completely when the time comes.
Getting the BB charter over the line is the next step and I expect that to happen Q4 if not sooner.
Other comments - we do not have a new Board of Directors as some keep saying and CA do not have directors on the board - we have 2 part time NEDS after the old NEDs got found out and jumped before being pushed, Chaffe and Maris are still there "for the time being" but being kept in check.
It does look like the SP is starting to move higher and it will be interesting to see if the small short position here is reduced since the risk has reduced along with the "debt", possibly even some ex-bond holders that are cashing in will now take a long position here.

They may have access to the board, but at least in theory, they should only recieve the same info as the ordinary PI. What they do have is a full research team that will have done their DD on all the fundamentals etc before investing here.

DC, that is exactly why Maris and Chaffe are, or at least should be on borrowed time.

Update on the Aoka Mizu charter would now be very welcome.

Casapinos, thats where your are wrong again, Kite Lake and Astaris Capital have declared shorts in Hurricane to the tune of around 1.5% and more than likely a few more under the regulatory threshold to declare - if anything it is hugely unlikely that they are Naked shorts and, in my opinion, linked to Bonds.
Your also not making much sense, on one hand you say there is minimum value in the Company - which of that were the case then the Bondholders would be snatching their hands off, and on the other hand your saying the Bond holders would be daft to sell at a 20% discount - why wouldn't they take the discount if it reduces the ongoing risks unless they are either hedged or the risk are bo where near as considerate as some would have is believe.

Casapinios, I think your simple assumption is wrong and your assumption of how Bond holders will think or play this is completely wrong yet again - that said, I also think that the majority of Bond holders will choose not to sell but we shall see.
If Hur can buy back anywhere close to $100mil at 75-80% of face value then that means they save on both the discount plus the interest and as such should have no issue at all paying the remainder off in 2022.
As you know, or should know, a lot of those Bonds may be held as part of an Arbitrage Strategy in conjuction with shorts etc to keep the arbitageur generally market neutral with minimum volatility (effectively just picking up the interest). It is also possible that Astaris or Kite are also holders, not sure.
So this offer may have really put Bond Holders on the spot, if some sell then the SP should increase, particularly if those linked to any short position have to close, this puts pressure on others - there may be some that decide to keep their arbitrage position and others that may decide that they can simply make up the discount and then some by taking a long position in the Company.
The next few days should certainly see some interesting price movements here, even if many of us do not have a clue why they are happening.

UT was 18.5. The .16 was just a delayed trade from earlier

Hopefully not - prefer to see a decent rise back above 30p before they RNS the big one. It does look like a leak though.

There is nothing to say that ODX won't make the Avacta test, both should do very well.l, as should Abington once TT from Avacta is complete.