Member Info for Drew57

Scouse; Barclays are saying the decision and funds must be in place by tomorrow.

Thanks RW; only just got round to seeing that.
I think I will apply for as many as I can raise cash.

Does anyone know how the extra shares requested in the open offer are scaled down if demand is high? Do they try to give everyone some, do they just reduce each request by a certain percentage or is there a danger that if I ask for too many I get none.

Not sure if this has been posted before.
https://twitter.com/i/events/1285998114156011529?cn=ZmxleGlibGVfcmVjcw%3D%3D&refsrc=email

Thank you Sinbad. All has become clearer.

Can someone please explain why an RTO would necessarily result in an enormous increase in the value of the company.

from RNS
".... sale of its Austin Field Assets for a consideration of $200,000 payable in monthly instalments equal to 50% of the gross revenue generated from oil and gas sales over a period no longer than 36 months."

Hi there Coop, good to hear from a Maggie in strange times indeed.
I gave up with oilies when the crude price collapsed and have mostly stuck to blue chips and funds; but even they have not helped much. My one excellent success though was to go almost all in to a gold ETF at the start of the year. Gold has risen steadily ever since and in the uncertain times ahead will probably keep going - especially if inflation sets in.
I also miss the banter here and see that Baron has now made a career of trading and seems very good at it. Have you come across any of the others?

Half reasonable password there Jobsworth - could do with a few non-alpha characters though :-)

Just passing by chaps; anyone still here from the Pink hat days??

Ludicrously volatile though. FTSE only down 1.5%, so how is the company worth 700m less than yesterday on no news?

My example is HSBC. Cancelled divi after record date costing me loads.

Do we know if LGEN have furloughed many of their staff?
That is where some pressure is being felt about paying dividends. If the comp is received large amounts of cash from HMG in furlough payments, many will claim they should not pay divis.

Nom (if you wake again at 02.30),

Sainsbury's had some delivery slots this evening and as I have given up with Ocado, managed to get one for Friday night.

GLA

Carve, that is a bit worrying. I was under the impression that they had the metal. Maybe not day to day movements but substantially. Does that mean there is a third party risk to fret about? I have large (for me) holdings in gold and silver ETFs.
I did not fancy gold bars under my mattress and thought this was a safer alternative.

Physical silver and gold ETFs have to buy the actual metal to match the quantities of paper sold.
eg in SGLN literature:
"Methodology: The metal backing the securities are always physically held."

price showing over 6% rise today on Bloomberg. ??

I bow to your superior knowledge, but does that mean ordinary trade should eventually appear?

It is not a buy NewK, it is an uncrossing trade.
Google that to get the picture.

Hi Coop,

Yes, sad day indeed. I wonder where the pink-hatted lady is now?

I am trying to stick to the main market now with the occasion small dip into AIM having lost loads on oilies and biotech outfits.

All the best to any Maggies listening.

Apologies for o/t chat about PQE. I have watched the latest video and can just about follow the multi-stage process. I am no petrochemical engineer but I can see this is a very complex process and it is no wonder they have not ramped up to high volumes yet as any glitches in one stage could hold up everything.

One thing strikes me though and I would appreciate a more expert view. The whole setup appears to be quite small and gives me the impression of a test facility rather than a production site. What do others think?