Member Info for Clued

Also, surely a forecast £60m profit on £280m worst case op income is excellent. Keep the LT view, Lord Cruddas has too much to lose here to be doing the wrong thing. Singapore App starting soon, etc.

Karlo90, if Covid is what is needed to get this up to 300p + again, then bring it on.. ..!!

Denfos, Yes, I recall around 2009, amidst all the panic, BARC fell to 70p and teetered on the brink until some Arab rescue money saved them. Why these banks can't run themselves properly is beyond me especially considering the pay the top echelon get. Also, what on earth are the Regulators doing to allow these large banks to get into these messes ? Regulators should be allowed legal access to all records in banks.

Markgo, interesting article. Practically, will period averages (week, month, quarter) be used to determine whether the Oil and Gas prices are above or below the agreed price floors and whether EPL is due or not ?

Fair enough JerseyCrew.

JerseyCrew, you read too much into my post, as I had no ulterior motives at all, and either you have a fantastic memory re my post months ago about Robbie Mc or you looked it up which is somewhat flattering !! Yes, I am somewhat anxious re Dilution and Financing and Yes I don't fully trust Robbie Mc as his motives aren't exactly alligned with ours though there is a material overlap. He wants to keep investors on board and to also be successful with the business, however his route to success may not be fully favourable to shareholders, eg dilution. He's a businessman and, next to Lawyers and Politicians, have a low trust rating !! He can always be replaced !! I have many different shares large and small cos and have various concerns about each one of them. I have also had many small co investments over the years, Vatacoula Gold mines was one based in Fiji which was marketed so well to be a no brainer success...well you can guess the rest !! Just seeing what the hugely overpaid idiot managers in Credit Suisse, a very large business, did to destroy their organisation demonstrates what humans can do wrong in business. I hope that the benefits of a Financing Package (non dilutive) outweigh the actual Dilution to date when info is released in Apr23. Gold is edging towards USD2,000 p/oz so that should help attract financing, etc... Thus I'm invested here °

meoryou, great to dream, but I'd bet that many tax auths would grab much of any extra profits if oil hit USD140 !!

Bought some more at .004075p earlier, great hopes but anxious re financing and dilution.

sw10000, RM says in this interview that they're not currently drilling and arw waiting for finance ? Did I miss something ?

Surely now that UBS is taking over CS, and SNB has provided c USD100b backup for it, that Markets will settle down. All banks and businesses are effectively insolvent if a big enough bank run occurs, even JPMorgan. The banks need to limit withdrawals above certain amounts and / or %'s of their total deposit, if all banks do it then it won't cause a panic towards a specific bank.... Otherwise, these bank run scenarios can be manipulated to benefit algorithmic shorters.

spights and meoryou, The financial penalties are minuscule so no concerns there, but sorry for those who died and their families. Chemicals are dangerous and respect and training needed for them. A highly inflammable vapour cloud is something many would be unaware of. Accidents happen unfortunately in these industries.

Andymilman, please provide some workings/data for saying undoubtedly a share in decline' or keep quiet.

Andymilman,,what kind of growth do you want ? These are large financial stocks. Aviva today has also fallen back as much and they're very solid.

Rookie1, time will tell, but many well educated politicians have messed up in the past. Intelligence can apply very specifically to one area/subject whilst other areas aren't given enough importance.

Thank you meoryou, a good synopsis of current status to help us sleep better tonight !!

Spights, Interesting link. But has Hunt the intelligence to deal witb UK Energy security competently and honestly, I wonder ? He comes across as very smug and arrogant and ironically would do well in Russia !!

Rookie1, what you say depends on one's investment timeline. Many II's buy up companies and take years to reap serious profit. HBR has been pummelled by the EPL, I would argue very wrongly especially after HMG found that their finances were much better than they say was expected. Much of the reason for the EPL was to shore up HMG finances in the first place.
UK corrupt politicians not much different to US, Chinese, Russian, etc.. just put a respectable air on things.

TinkerT, thought Pension funds want optimum profits..

I'm surprised these banks allow 100% Instant Withdrawal of millions, there should be a Notice period above a certain amount and/or % of one's deposit balance. Even personal instant access bank accounts generally have daily limit withdrawals, eg £5k or £10k... No bank has enough cash on hand to pay instant withdrawals if 20%+ is demanded all at once..

So was I Jeffrey1979, oil upbut all the oilies pummelled. Hunt increased the EPL because they said their finances were lacking. Monrhs later and suddenly they have £billions more than forecast. The EPL should then have been reduced, that would have been the Honest thing to do. I'm sure his father's ethics, being a man in HM navy, were much better... Yes, sack him..