Member Info for chilting

Hello Matrix
I suppose we shouldn't be surprised when there is a lot of faffing around but it did seem so clear cut first thing this morning - it could easily have been 10 hours earlier.

Sullom Voe by the way - very minimal AIS.

Maybe coming in for another go now ???

If we do have to have dilution it could be, I hope, be a rights issue as opposed to an open offer.

With a rights issue only existing share holders can participate at a good discount to the SP and even those that don't have the cash or don't want to participate can sell their rights, usually for around 25% of their entitlement value I think.

They are still faffing about - just waiting at the moment.

A nice torp RNS would I think settle a few nerves.

Speculation doesn't help - please stick to facts.

Thank you.

No worry - SP is just drifting on negatives - when funding becomes clearer will start to move up again - worst case scenario is now in SP - support currently at 22.5p - now Bearish in short term.

http://uk.stoxline.com/q_uk.php?s=sxx

Very close now - must be less than half an hour.

Heather is now lined up for a direct approach to AK from the NNE - she is less than one nautical mile away - looking good !!!

Heather is just over 3 nautical miles to the south east of AK at the moment.

She has to swing right around and approach AK from the NNE - so hook should be later this morning - assuming none of the usual faffing around.

The news that Debenhams is to call in the services of KPMG to consider its options has to be a worry - Cake has 18 cafes in Debenhams stores up and down the country so there is likely to be some impact.

I've posted this before but I think all investors, apart maybe from those involved in the construction industry, will benefit from viewing it.

It gives a very clear and practical insight into tunnelling and the pitfalls involved. it all underlines how important it is to get things right in the planning stage and may even give us some indication why Sirius upgraded the spec and passed a lot of the risk to the contractor.

https://www.bbc.co.uk/iplayer/episode/b0bdmswp/ad/the-five-billion-pound-super-sewer-series-1-episode-3

Now this is very interesting -

It might not be of consiquence on a calm September day but in mid winter when its blowing a gale this could make a massive difference !!!

https://www.shetland.gov.uk/ports/transhipment/

Hello Matrix

Yes and I also see that Speedway is a larger than average tanker - could be interesting.

There must also be a reason for using Sullom Voe - could be Speedway is loading more crude from the terminal or even cost saving.

Navion Scandia is out of the running - she is on her way to Schiehallion Oil Field.

Still no confirmation Heather is on her way to AK but seems probable.

Best advice has to be to ignore the SP until stage 2 is out the way - no one can claim to know what way it will go.

With so many small investors on board the SP runs on pure sentiment governed by news flow - with uncertainty we get volatility.

Wait until things settle down, probably by next spring, and then asses the situation - doing nothing is nearly always the best policy at times like this.

Heather is around 13 hours away from AK - could be a first light hook up tomorrow morning.

Actually a funding gap rights issue wouldn't be the end of the world.

Investors could benefit from some great value discounted shares and it wouldn't add to debt.

The SP would of course fall a bit but in the long run it would be OK.

We start the day with two strong contenders for load 23.

Navion Scandia moored in Scapa Flow

Heather Knutsen sailing straight towards Kraken from the south - she is supposed to be sailing to Macduff according to Marine Traffic but clearly isn't.

My money is on Heather !!!

Yes, totally agree Jan and Magnus is a great asset - full of promise.

Not a good week for the nerves though - I had Enquest today and Sirius on Wednesday - down around 25% overall.