Member Info for CF73

The drop in SP was overdone. PIs unsure and MMs maximising. Due a significant correction before news and is in progress

So the '1 Share' trade is code for Timster's adding?! :-)

For what it’s worth (and likely not very much);

Regarding the November 22nd RNS, ‘Update Regarding Cayman Grand Court Action’
Hope attempted to deprive FRR of its assets. Can only mean they called in the debt. But what would be the basis for Hope/OMF to call in the debt. The only thing most of us can imagine, would be a possible YA Default. The possibility of a YA Default is the only thing within that time-window. But we know that YA has been dealt with, and strongly in our favour. So this is the bottom line for me. Once there is no YA default, there is no basis for Hope/OMF action to call in the debt. That alone is enough.

Now, if Hope/OMF have been accumulating shares (and/or shorting), perhaps colluding with YA, then Hope has been acting without proper due care of his responsibilities towards FRR and its interests. Given we are seeking specified damages, can only be the case that we have evidence that something else significant has happened, something above and beyond OMF/Hope erroneously calling in the debt. Wouldn’t be claiming those amounts if we felt they had no right to call in the debt, if anything at all.

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Regarding the November 26th RNS, ‘Mobilization of Workover Rig to T-16 well’
What is there to say?!
They cannot say anymore owing to the NDAs in place. You can sense that is very much the case, and that they know we will be scrutinising it for this.
We just have to trust them. So far, I have no reason to doubt.

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Tweets

From November 22nd, there are 6 tweets.
Company is living up to its word, to keep up the regular communications. Especially with the ‘uncertainty’ over the court action (which I firmly believe will go in our favour), and market reaction (dropping SP – which just easily could be a product of dropping oil prices, BREXIT and/or wider market volatility), this is welcome from me.

On the tweet from Nov 23rd, with the oil seeping out of the ground, it ends, “These rocks will keep us busy for a long time.”
This, for me, is designed to not only tell us that what we have is great, it is designed to tell us our assets are going nowhere – they are ours!

On the tweet from today, they’re making sure we remain focused on the significance of what we have and what we can look forward to.

I added another couple of million today.

Good luck all!

He's a lonely soul, no doubt

...poised to go Krakatoa shortly...

...good luck folks!

Binding JDA will establish a BINDING Agreement that will mean we can say with some degree of certainty that this is happening. This will lead to a very different valuation from where we are now. This before we start talking about the numbers that it will contain - numbers that will help us to attach the kind of value to NCCL the market has, to date, been unable to.

I'm interested in that Binding JDA, first and foremost. We will be above 20p for certain when that comes in (equating only to a market capof £58million). How much more above that will depend on the specific numbers it contains. However, there are companies with market caps of £100million that will have far less prospects for growth, with the kinds of partners we will be boasting post JDA.

Agreed Med_is

Dads, you need to talk to the folks who have, as I intimate earlier, been researching and meeting with and pressing the company. There's been a steady extremely helpful - though non-sensitive - information available as a result. That's what I mean by 'word is'. If you're not in the loop, you need to ask yourself, why?!!

Thanks to those who been doing the hard graft.

Nothing disingenuous about my response Hardy me ol mucker. When it comes to NCCL, I is deadly serious. It's by biggest investment and as positive as I am, I'm also realistic :-)

Hardy, a lot of folk have long known about the proposed new time line. To us (and thanks to those who regularly met with or pressed Hanno), this is now formal confirmation. Important we got it. Believe very strongly that we are going to be keeping to this time line.

No can being being kicked down the road. This is what we were expecting to hear, just that in RNS form, this is now formally presented to the market

Word is is that we should be getting that JDA sooner into Q1 2019 than layer.

Binding JDA Q1 2019

Looking forward!

Somewhere between 60p and 75p is my reckoning.

regdik, with that kind of political pressure, and with SN being politically connected, can imagine that that foothold you talk about is meaning that the Super Majors and the US Political establishment are weighing in behind FRR to get it done, including assurances of support in deal with whoever we need to.

Good luck all!

BA are taking an interest as if it were only Stobart, tbhey wouldn't have been bothered. But Virgin are a serious competitor and their getting FlyB, as far as BA would be concerned, is not the same as Stobart landing them.

This is getting for serious!

RNS was to show where they were with the Outrider case and to show position of strength. If that wasn't enough, the tweet was there to say these assets aren't going anywhere (i.e. Outrider attempted asset seizure and subsequent injunction/ case).

We're in a position of strength and have the law on our side. Settle out if court, cancellation of dent, with a bit of cream on top :-)

The only way Virgin wouldn't make an offer is if they presented an offer informally, to test the water, that Flyb then told them would be beat by BA/IAG, thus potentially detering Virgin from making a formal offer...

But then that wouldn't happen as Flyb would be under obligation to allow Virgin to test the water in that way.

So Virgin may as well put their best offer on the table and go for it. If you're going to lose, make sure your competitors pays full whack.

Great day ahead tomorrow.

Well said Zib me ol mucker.

The short of it, in my head, is that if Outrider moved on the basis of a YA default, then they've failed in that plan, especially since that the YA default went in our favour.

OMF calling in their debt no longer has any basis.

If they've possibly been caught taking possesion of FRR shares they shouldn't have, thet's even worse. Not only then is their no basis for OMF calling in the debt, if there's been impropriety on their part, then they are truly stuffed --- and is clearly the case that most folksbelieve this to be the case.

Good luck all!

Lol should've read 30p ;-)

We'll be in the 30p range tomoz.

Good luck all!

Finish in the 0.30p range is on, Monday