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Both McCoss and PP were in situ during the APEC fiasco....late night calls, money definitely coming etc.
It'll hardly win any deal of the year awards!
Manyana, you sound like he has the house riding on this. He earns €100k a year gross so 2017 to 2019 covers it. He'll earn around €50k for the period since the share issue to whenever in February and he'll mitigate dilution against his initial shareholding.
I'm sure he didn't expect it to drop from 12p when he invested but after burning money on wildcats, legal wrangles and finding two of the worst investment partners going, he can only blame himself and his CEO. If I had overseen that, I'd want to right that situation before I go off setting up new ventures! Only time will tell.
He has bought about £160k worth of shares. The second tranche probably to prevent dilution as much as anything else. How much does he earn a year? BOD will always be asked/expected/pressured into buying shares in an issue. Of course he is going to do it. He is on a good number. You are reading way too much into that!
TOR has said he is available to ring them every night and still has his banking online FOB so he can check to see when the money lands. All for a consultancy fee of course.
Noix
I think you are 100% right on the delay in providing this information. I suspect the blame lies with Tullow. I think you are right to raise it but doubt anything will come of it. I also agree with posters that these Gill interviews are just PR. I've never seen any serious questions asked or followed up on.
Separately but somewhat related, I have been trading Tullow for a few years and there is a familiar pattern of them making a bad situation much worse in the way they handle and present information. This happened many times in the years leading up to bringing Ghana online and with the turret issue.
When I hear Tullow mention about talking to consultants about heavy oil production, it doesn't inspire confidence. I would be much happier to see Total take over as lead. Another example is Tullow being frozen out in Uganda where Total have taken over. Sometimes you just question their actions and judgement and ask if a seasoned major would have done that.
The game is up Ranger! You said it!!
On a separate matter, why do you start new threads on the same topic instead of just replying. You must be lethal with the old e-mail!
Do PVR have a CFO presently? Who did you talk to?
You just started another making it four! : )
God bless you Ranger! You have started three "Game over" threads now! : )
Game over indeed Mr. Ranger!
The big investors that took part in fund raise have lost money given the current share price. I don't think they will want to keep repeating that process. Three months is sufficient to flush out a buyer. If none is forthcoming, then it's not happening. Another fund raise/dilution is only kicking the can down the road. An election here could really muddy the waters but outside that I don't see the issue of clarity regarding oil exploration being a deal breaker.
Neither are PVR or its main shareholders going to self fund it. I'd be amazed if any of the main shareholders have a mandate to commit to something like that. (What the Liverpool pension fund are doing on the share register of a company like this is anyone's guess). Neither are they going to allow a share issue of the size needed to fund it.
Its a partner deal or an outright sale happening before February in my opinion.
Does anyone know if the government committed to clarifying by a certain time?
Love you...what do you base €20 billion figure on?
Spiel über Herr Ranger
I fear it's game over Ranger!
Jeu terminé Monsieur Ranger!