RE: News??21 Apr 2020 20:02
Cheers Cy but it looks like the standard holding response they have been wheeling out for several months now. The bottom line is they have a nice line in rights to extract gas, they screwed up their financing , they are trying to pay back their creditors whom they have partially stitched up by defaulting on their loans in the hope they can sell off some parts of the business and get a whopping new loan to cover their backsides with enough head-room to strike it lucky with the gas fields - - that's my take on it.
If they drag their b@115 out of the bacon grinder the market may see them as getting their act together and has oft been quoted, because there are only a few shares available the price might lunge healthily north.
FFS Grew, get the RNS out :)