Member Info for Credit_Limit

No buys reported for the last 1 and 10 minutes. Perculiar. Are they holding the reporting back until tomorrow or the day after. AIM really is appalling.

Is it me or does the sudden appearance of SharesDelight and his s**te make you want to buy more? Finger over the buy button. Eye firmly fixed on the bond price.

What’s the real price? That of Paper or that of physical, the price PI’s sell for on LSE or the one institutions buy for on ASX? Lot’s of fun to get your head round.

They really are taking the p***

They would have to offer fair value for my shares. Well played anyone who bought today on LSE. Might have made an easy 4%

Is this company a bank now?

Personally i have been on tenterhooks of late re:POG. Will it break out or will it dramatically retrace. It looks like we got the answer today. Today is a reason not to sell. We currently 7/8% down on asx close. Bps selling will not affect insti’s buying down under. They will be rubbing their hands at this drop.

Thanks for everyone’s notes on the q&a. I was busy so it’s much appreciated to hear what was said. Exciting times!

Are creeping up. Shorts are creeping down. Looking good for the SP.

Where the hell do all the shares come for late trades and the UT’s? It doesn’t sound like anyone is selling. We’re waiting for fair value. So where do they dredge them up from? Shenanigans I say, shenanigans!!

I think Apta is took big for the team as it stands. It needs a JV or they need to expand the management to include someone ambitious with mine building experience. Ggp brought in wyloo execs by dishing out a good bit of the company. Brad seems very confident re exploring. Is he the man to build a mine in Apta’s scale?

How about you buy some for 23.5 breaktwister? Just saying.

Number of trades ramping up. Um.

Great vid, thanks for posting. Interesting to hear the investment case from the fund too. Remember their warrants are at 4.5p so that is a good target price. 80% upside from here! Been dipping a bit more in here this week, while below last placing price. GLA.

Cost saving is a bit of spin. Losing 4 board members at the same time is not a good look. Oil price up 2% though so might be positive SP today.

Legal action against PFC. Imagine it is on going because as part of the restructuring you could claim compensation as long as you didn’t take legal action. A pittance was put aside to my memory.

https://www.foxwilliams.com/2023/05/12/fox-williams-files-securities-litigation-claims-against-petrofac-limited/

Investing.com - Newmont Goldcorp (NYSE: NEM) reported third quarter EPS of $1.71, $0.27 better than the analyst estimate of $1.44. Revenue for the quarter came in at $5.52B versus the consensus estimate of $5.19B.

Gold companies got to fly tomorrow.

good analysis pfcvet. it is incredible that the tennet contract couldn’t save the company. when the rns dropped i was ecstatic. but i guess the shorts really had a grip by then and the investor base was a pi majority so expendable. still, you’d have thought that such news was good enough to have forced the sp up so an equity raise could have saved the company. how could the board not spin the news in to an opportunity to right the company is a mystery but maybe that is naivety on my part. the creditors may have smelled an opportunity to take the whole pie and it looks like they would but have now ****ed up.

since the pension funds left the ftse (and pi’s) have been at the mercy of predatory behaviour. reeves is trying to save it with a brit s&s isa which will be a way for the hedge funds etc to fleece more people and transfer wealth from the public to the mega wealthy. i really don’t believe in the uk market anymore. two lucky investments saving me in the face of a lot of anguish. pfc being a large part of that!!

From Energy Voice.

Beleaguered Petrofac said that its restructuring plan “is no longer deliverable in its current form,” despite previous threats of insolvency.

The pair signed an offshore wind framework agreement for Petrofac and Hitachi Energy to deliver six 2GW grid connection systems, out of the fourteen that TenneT had planned.

“Since Petrofac has not been able to meet its contractual obligations, TenneT has exercised its right to partial termination of the contract related to the Petrofac scope,” TenneT said.

The UK High Court approved the company’s plans to raise $355 million (£280m) in funding in May, but this was met with opposition from Saipem and Samsung E&A over a clean fuels project at a Thai Oil refinery.

The Thai Oil arbitration served as a major stumbling block, as Petrofac claimed that other areas of its business were being impacted.

“It’s not just the supply chain, we have clients, and in particular TenneT, who are at the end of their tether if you’ll forgive that expression,” said Petrofac CFO Afonso Reis e Sousa.

He added that despite TenneT being understanding and affording the company deadline extensions, if the deal were to fall through, there would be “no prospect of a solvent outcome”.

At the time, the judge said the alternative to the agreed restructuring is not Plan B, but liquidation.

Hitachi Energy, meanwhile, stays on the TenneT project with a new contractor.

Gee I've just read the latest RNS. This company is done. I'm not surprised. The public look (not just to shareholders but also clients) of not publishing timely accounts is embarrassing. This latest time it smelt of manipulation on top of a restructuring that has turned in to a near two year farce/fiasco. TenneT have obviously not wanted to be associated with the mess and deceit. All the bond/debt holders have squabbled themselves in to oblivion. The management have also been useless. Reading their restructuring document, revealed they had come up with a hugely convoluted solution. The debt wasn't even that much in reality. I lost a mighty chuck on this but so glad I liquidated most at 8p. I feel for Asfari. I kept the faith and piled in as I was really banking on him having the inside track and connections to pull this through. Gonna be sold for a song to Middle East. The debt holders thought they could pull a fast one but instead it has been a slow death spiral. Shocking really. A UK based big, established (successful?) company gone to the wall while the BOD seemlessly move on to their next well paid position.

US!