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I just bought 2,000 on the basis that I have commented here but did not own shares. Now I do and will quieten down and await the results and maybe an explanation of their strategy for 2022 and beyond?

Personally, I do not know but was a long term fan of 888 and at these prices I can forgive them the WMH decision. Who knows maybe the WMH brings something to 888 that they needed which I did not read or understand? The corporate communication re why the WMH deal has been sheet imo.

Now that is the sort of news I like, an online gaming firm being awarded a new licence in Canada.
The WMH decision was imo a huge mistake which has indebted 888 in exchange for a dubious high street "asset".
I might sell some of my oil shares to buy back in here, the price is tempting.

Troy I am glad you said that because that was the way I read it too hence perplexed by the sharp drop. How this ends I do not know for sure but not well for small investors unless there is some firm news in the next few days.

The one positive is that the MBO can buy the company for pennies compared to where it was 6 months ago! If they thought it worth buying last year it has to be a bargain now......if the bad debt can be resolved.....and they have working capital!.

Thoughts? And why the sudden sp drop in the past hour? Tree Shake or a slide towards bankruptcy?

Having checked HBR on the FT.com portfolio page and looked at the figures I think a bid possible in the next few months and a re rate a certainty. HBR is imo a reasonably big producer and many oil majors have bailed out of Russia in the past few days.

"The Company produces with a portfolio comprising some 200,000 barrels oil equivalent per day from operations in the North Sea and South East Asia."

My personal view is to wait and see before investing here again. I want to see a positive sp trend before risking money. If you are already invested then perhaps hold for the longer term and dividend payments? I do not blame people being angry with the board as it is a mess of their own making and investors are getting hammered.

I received an email from AURA today which answered a couple of questions I posed. The tone was very cautious and concluded with:

"Re you last question, yes Haggan was a uranium project until the Swedish government banned uranium mining.

That could be reversed and Aura put a release out on this yesterday.

But again......that is sometime away."

But then he would say that....the company has to be careful about releasing information and cautious about prospects. Personally I am more optimistic about the Swedish Government and the general Uranium Market so added more shares this morning. If were the Swedish Government I would grant a permit to mine a small pilot project to see how cleanly and economically Uranium can be produced?

Excellent news Levs thanks for posting.

I bailed yesterday and crystallised a loss on MTR but the money will do me more good invested in Uranium or oil and gas shares over the next 6 months. That is not to say I will not re invest here as the prospects appear very good but the timelines are long and MTR is not moving despite the commodities news. Good luck if you are a long term holder I am sure your patience will be rewarded.

Hence I was never convinced by the decision to invest so much in Egypt. I am now waiting patiently for a buy back deal and will take most of my money off the table at CNE for a modest return in order to put it into more speculative plays.

I share Basil's exasperation that CNE investors are being played by the likes of JPM Chase but equally is there anything much we can do about it? Perhaps hold and await 300p a share later in the year?

https://www.reuters.com/business/energy/britains-centrica-exit-gas-supply-agreements-with-russian-counterparts-2022-03-01/
Nobody buying Russian Oil or Gas anymore. Now while Norway the big North Sea Producer I cannot see how HUR is not going to benefit bigly from the news. Even BP should be considering a bid for a tiddler like HUR as it is local to the UK and imo ridiculously cheap.

British Gas owner scraps supply deal with Moscow

http://digitaleditions.telegraph.co.uk/data/897/reader/reader.html?social#!preferred/0/package/897/pub/897/page/85/article/278357

So where will British Gas buy from next? North Sea producers? Obviously Norway the big player but HBR also significant.

This might seem in bad taste but his decision to go to war has suddenly thrown the last ten years worth of euro government eco idiocy energy policies into sharp relief.
Europe needs Russian gas, it will take 5 years to wean them off Russian supplies, the price of gas in the UK about to rise by 50%, and Germany has to burn coal rather than uranium to generate electricity!
All courtesy of the Green Party policies which endangered the energy security of the UK and EU countries. If BKY can hang on for another year then the political wind of change coming and those permits might be granted. Trouble is there are other Uranium miners out there competing to supply Europe.

Fair to say the WMH purchase has the board here a bit confused and the markets unimpressed as 888 down another 9% today. That said I am now very tempted to buy back in over the next couple of weeks for the dividend payments.

Good to see PMG finally flying for long suffering investors. I am no longer invested but not far behind with AURA and also had a good run with HUR and HBR. Interesting times as they say.

Oh dear.....fuel supplies not secured!

"Because the preparations for the shutdowns are already so far advanced that the nuclear power plants could only continue to operate under the highest safety concerns and possibly with fuel supplies that have not yet been secured," Habeck said.

I emailed POS recently as was both concerned and exasperated about the further drop in sp below is an exert of the reply which I hope you all find interesting:

Obviously as soon as matters become clear, and we can properly assess what that means for our Russian licensee relationship we will communicate accordingly. What I can say is that this situation is likely to impact future prospects more than current activities, because our main focus is on organic sales and rentals outside of Russia as well as growing our ever closer relationship with Schlumberger/Cameron as per the below.



Turning to our financial performance and resulting share price decline, I fully understand your frustration which we of course share completely, and we certainly are not looking to be making any excuses. The fact is that the industry has had to come out of an extended downturn since 2015/16, and we are not the only oil services company that is now looking to make a recovery. We believe that this challenging down cycle situation has been further amplified by two factors over the last couple of years.

a. Firstly Covid resulted in an economic slowdown (eg less flights etc) that I believe created a view that less oil and gas were going to be needed going forward, and this led to ongoing under investment by the industry which is now leading to shortages (even without the Ukraine effect) and significant price increases.

a. Secondly, it is now beginning to be recognised that the Green lobby and the drive to ESG and Net Zero has "overshot the mark", and the belief in the move to alternatives and renewables at the expense of hydrocarbons has caused under investment and supply problems now resulting in inflationary price increases. A sense of realism would now seem to be coming into play, and the world is talking about a transition period, (particularly where gas is concerned) being needed for the move from hydrocarbons to alternatives, and that this is going to take decades rather than years.

Looking to a brighter future there are numerous reports and articles that support points a) and b), and I attach one Bloomberg and one FT article to this effect which may be of interest.



Whilst all this has been unfolding we have at the strategic level last year at least been able to extend the scope of the non-exclusive surface production wellhead licence agreement with Schlumberger/Cameron, and have importantly separately agreed a new deal with Cameron which gives Plexus access to and which takes over their Exact-15 exploration wellhead equipment (which Plexus originally designed many years ago), which enables us to re-enter the wellhead exploration rental sector which we were barred from for three years due to the non-compete agreement with TFMC when we sold them our rental wellhead division in 2018. This had been a very successful sector for us for many years, and we believe we can do this again based on our past excellent reputation, and with the ad

Late to the game here but have made 9% on paper in just a few trading days and cautiously optimistic that the sp will grow on events spiraling out of control between the west and Russia.
There will however always be the danger of Black Swan Events crashing the markets. Example, Putin detonates a small tactical nuclear weapon in Ukraine. Not very likely but more probable now than a month ago. More likely a prolonged and ugly ground war and oil markets tight with prices up.

Just bought a few more but noted that HL not offering a very good price. HL at one point a few mins ago said the sp up 12% then it was not etc. I grudgingly paid 15.4p for another 5,000 shares. While the difference between London and Sydney markets interesting I am buying and holding in the expectation of a re rate based on Haggan or a bid.