RE: What is the major operational risk?1 Jul 2020 16:07
Bookyjam,
Hi. The operational risk is what this SP is all about at the moment. Covid, and all the other factors are in the price already, like it or not.
The SP relies on being able to produce oil commercially for HUR. This production, if successful, and commercial(PoO Being the factor here), will enable to repay HUR’s debt, or enable that debt to be renegotiated. There is not going to be any big jump in the SP, as there are too many sellers like a client of mine, who, neither BoD, or ii, has over 35 million shares remaining to dispose of. Then, there is Dr. RT ,who could well wish to reduce his 25 million shares. We still don’t know why he left, and I’m not speculating why. Then there are several people - like myself - who wish to reduce their holdings (hopefully at cost)to de-risk. The idea of 200p+ is now a pipe dream, especially looking at the enthusiasm for fossil fuels., alternatives, demand.
So, the PoO, and smooth, profitable production are my main concerns. I own 285,000 shares at 40+ average. Under water, as they say. I have held for too long like many. I am staying until I can de- risk.