Member Info for confluence

@dogger

800 million debt you say. Well to begin with 200 million done with already ( RNS 20th of December)

“As a result, net debt at year-end is expected to be modestly higher than at the interim results (30 June 2023: US$584 million).”

GLA

No surprises really, but nothing to make the heart race. I expect the SP to drop on this. The ship has not turned and not sure if it ever will…GLA

Interesting week ahead, GLA.

Thanks @Maryb. Well, well well. Goldman Sachs know a thing or two. Really seems that the sell off (as per last RNS) had fooled the shorters into thinking there would be an RI. You would think though , now that the reason for the SP drop was now out in the open, that they would stop continuing to short. This was the time I averaged down with buys in the 20 P range. In very deep with this ( 6 figures) and this has been a very edgy time for me holding and buying. But you know what, I think the shorters are just gamblers and they can’t handle the truth! The last 5 months have been a complete farce for the SP. IMO hold and buy and enjoy the squeeze for it is coming. Please DYOR and the shorters, good luck, you’ll need it and do some research 😂. ( If I am wrong well then I was the gambler! And I will have to handle that.) GLA

Https://x.com/unclemannyii/status/1745716526949216294?s=46&t=BDh-RvPHZJsbmRERfk4lYw

🤔

Time will tell…

Https://x.com/petrofacgroup/status/1745039082604937540?s=46&t=BDh-RvPHZJsbmRERfk4lYw

London stock exchange, Shorters are and the unholy ghost - a different type of trinity . One and the unholy same IMO.

Agree @bro- ken- broker.

IMO, MM and their shorting colleagues (IMO the lines are blurry) are trying to form some form of exit plan, scaring LTH's and those that tried to make a quick buck last month with buying on such an amazing SP drop with the RMS on the 20/12/23, (on absolutely no grounds for the drop - all was in the public domain months ago). This will turn and when it does, hold on to your hats and in the meantime hold onto your shares. LOL, DYOR and all the rest of it.

As the days go by, the weeks, the months and now the new year without a squeak of bad news, on the contrary excellent news, contracts, prospects, tackling debt, interest rates falling, the growing sector, increasing employees, it remains a mystery as to why the SP has not recovered. It would seem the old reliable there is nothing to fear but fear itself comes to mind. Hold if you can afford to, don’t let them steal this from you - all IMO, of course. 😉

Agree, MM helping with shorts exit. It is my suspicion that MMs are tied up with their shorts' contacts. It's all just business and PIs exiting for whatever reasons. IMO if you can afford to hold, just hold... and this this will move up..

Https://www.thisismoney.co.uk/money/markets/article-12912681/Hedge-funds-shrug-Petrofacs-1-1bn-deal.html

Shorts must be closing big time. IG on auction again.

Glad for all your excitement, relieved for holders in my position who are “recovering” tens of thousands of paper losses at the moment, but nothing is guaranteed with PFC 🤞 shorters were destroying PIs and all on a hunch, wish them well 😆

It’s going crazy….

Could it be magic!

SP 40P plus by end of the day, all IMO. GLA.

@scoredagain, I think the derampers are the ones who misled. There is no new bad news here. If one cannot see value in this share then one should really give up. Question here is high will the SP go and how soon. PFC is not going into administration, quite the opposite. DYOR and GLA.

@Dark knight, thank you too for your sensible comments throughout what has been one stressful time. This will rise “high-quality backlog in both traditional and renewable energy of approximately US$8 billion. “ Ridiculous market capital. Crazy time, just hope we are all rewarded- starting with recouping the huge paper personal losses.

Brilliant update yet I am down tens of thousands on paper, so still raging. 🤞