Member Info for cl2201

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Shanghai Pudong Development Bank Co. Ltd. (Hong Kong Branch) is the custodian for Kerogen’s shareholding in Hurricane, so there is just one 16%. Pelham is below 3% etc.

'Only way is up. MMs holding this back. Once they let it go, there will be fireworks.' 21st July

'Market makers are short here. Keep buying and they will get caught with their pants down. Let's f**k them.' 21st July

You seem confused. Is it going up or down? Is the management or the MMs to blame here?

Polygon are shorting because they are in the game of convertible bond arbitrage. They are potentially long on the bonds and (we know) are short here, though their exact methods are open for debate. No doubt they have a helping hand from the seller (directly or indirectly) but I wouldn't consider them much of a threat.

@Draft - it was a glitch where, for some reason, posts from yesterday afternoon where shown here instead of this morning's latest ones

I defy anyone to call the bottom exactly and buy at said point. The fact is, if you believe the value is there, at the company level, the SP becomes more of a bargain the lower it goes. You bought at 5.81 yesterday and it is 5.75 to buy now - fractions of a pence.

'the price doesn't resemble where the company are right now with producing oil it makes no sense.'

Well that makes it even more of a bargain at these levels, no?

Via email, yes

It looks like AFFM (Alken) have also been selling since their last disclosure on 11th May. Hurricane's website (AIM rule 26) no longer has them listed as a significant shareholder - not sure if this is because they are below 5% or 3%, but I'm fairly certain the threshold used to be 3% for those entities to be mentioned. Either way, Morning Star has them at 4.46% as end of June, which is down compared to their last disclosure.

If indeed we have two IIs selling, I wonder who is hoovering up their shares?

I'm not sure why it's a weak sell for you if you hold? Seems like a strange stance to have.

Why do you hold 100k shares in HUR then?

I'm expecting a more comprehensive update on Lincoln once they have an agreement in place with Spitfire with how to proceed.

Pretty sure this is a duplication of sorts based on, as adoubleuk mentions, 'swapping' between holding companies. Nevertheless, I think it is worth clarifying - I have emailed the company to ask for their take and will drop any information I receive here.

Surely just ask the head of investor relations to forward your questions on to them?

A production update and an Ops update aren't necessarily one and the same. For example, there were 3 Ops updates between 22nd May and 8th June.

Polygon also have a stonking 5.2% short on Petropavlovsk (POG) - surprised they still have any liquidity after the beating they must have taken there.

What a great start to the week!

https://www.miningnews.net/m-a/news/1388188/west-africa-proving-to-be-gold-consolidation-hot-spot

Agree on the point of a share buy back - it would hoover up the stock from the current sellers and entice those sitting on the sidelines to buy in. A dividend, at this point, whilst better than a kick in the teeth, would mean the SP is instantly punished if it were to be discontinued further down the road - I just don't think it would be the best approach at this junction.

Very unlikely - if you watch the video I posted earlier, DB outlines what he sees as the way forward for Dugbe: bringing on an experienced partner to take the mantle as it were and through that JV we would, in my opinion, likely be carried, at least for the first couple of phases, after which I'm sure if it moves into development they would look to debt financing.

hxxps://www.youtube.com/watch?v=11LRg5CfIvE&t=1477s&pbjreload=10

Go to 24.10 of this video - DB explains that at the point of being net debt-free he would like to "signal something to the market" in the form of a dividend/buy-back etc. That obviously needs to be discussed/approved by the board but come the end of this month (when we will be net debt-free) perhaps we will receive details on what has been planned on that front.