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Typo in my last post:- date should have been 1/2/22
H/L are now stating that anyone who hold shares with them who didn’t sell will automatically have their shares relisted on AIM. The date they give is several weeks after the transfer process started on 4/2/22
Watch this space I imagine.
They are certainly not the fastest at sorting things out
My shares are in my ISA with Hargreaves Lansdown. The communication from them has been very poor throughout the whole saga. Eventually after many emails i was given a choice to be decided by 11/2/22 which was let them sell my shares through HSBC in a bulk sale with other shareholders and pay minimal cost or wait until the shares are transferred back to CREST and sell them myself on AIM. At the moment the shares are showing as a total amount and no prices although work out at about 12p but i still can not sell. In no rush to sell yet as still 40% down but moving in the right direction. If i get any news from my next email to H/L then I will post on here.
I actually think AJW would say if he knew as he keeps saying the concert party are trying to hold the share price below 5p so why would he sit on good news?
I hold PANR too and been good to see the price rise today.Didn’t get a chance to hear the broadcast at 4pm but imagine it went well.
https://blockenergysupport.group/update-for-block-energy-shareholders/
So delisted and loads of fees to sell.But if I keep Will the price go up.Then how do I sell.Going to cut my losses-something I should have done ages ago .Good luck those who stay you never know you may be millionaires this time next year .
Hi
I also sold yesterday and like yourself and Stanleys post I was worried about Covid and the retail sector in general. Moonpig now has 60% of the card market and though it is expensive to use compared to CARD prices (and I have to say I thoroughly enjoy using Card Factory because they have a great section and very good prices ) their business is a lot more profitable at the moment. CARD were in trouble along with many retailers and I think the people on here that believe the shares will reach £4 as was quoted by another are deluded. Having said that with the launch of the CARD app and online there is probably still a profit to be had here though.
http://sendanywhe.re/76M3F9YZ
Good initiation note from Tennyson. It says the company is starting a 3 well programme in May. News to me! Each of these should come in at 500 bpd and cost $3m each which is presumably covered from the recent fund raise and cashflow. Target of 7.9p only gives a 50% COS to these wells. I presume these are proven reserves though so that may be harsh. The rest of the portfolio has only a 25% COS and even on that basis is still worth another 17.8p. That isn't included in the target price yet.
Up 17.5% now. Let’s hope it keeps going this time .maybe news coming?
im no expert either but think maybe there is good news to come or possibly some way back. my reasoning is that the share price didnt fall by 90% so there is still some belief here. just an opinion and not backed up by fact but only on previous other companies share price movement after RNSs
https://www.proactiveinvestors.co.uk/register/event_details/217
Peel Hunt increased target to 40p but that is based on low gas prices. With the forward curve it's 62p per therm. Presumably that will be significantly higher if Harvey is successful.
Just tried a dummy buy for 1k
No shares available
Should be a good day today
What I thought I heard was PY saying that it was him and MR that bought in LOG, so the current team can’t be blamed for that but he left because of them and certainly sounded very pleased they are gone. I don't suppose anyone has a recording of it? I don’t think we know why MR left. I was speculating that perhaps he also had issues with LOG but it’s just a guess.
"I don't recall any comment suggesting MR liked LOG. I wonder why he left if that was the case? Did anyone else hear the comment?"
Glad to see you are now reluctantly supporting the placing as am I. Are you sure that PY said MR was aligned with LOG though? I thought the opposite. Why else would MR have left and also why move from CEO to non exec chair before that?
Well that was a long and interesting call. It's clear they believe RR was only ever interested in buying the debt cheap and screwing IOG shareholders. In any case they believe the assets are worth a lot more than 20pps. They mentioned multiple well funded bidders and they are confident that the farm out should mean no further dilution.
I thought Peter Young's comments were also interesting. He is clearly well aligned with and knows a lot of the shareholders and was pushed out by LOG who presumably did not have that alignment. Is that why Mark Routh left too? The fact he supports the current team and plan and sees great positives in the demise of LOG is reassuring to me.
H/Lansdown spread 1.55-1.70 and still cant buy at that price
Denzil, I think the point has been made by others but the only way they wouldn't convert the 19p loan is if they could buy the company below that price which seems extremely unlikely given the FOAD response from IOG which had the full support of the administrators.
Investor81 you are right but you also need to consider the other £10m loan convertible at 19p. All of that should be priced in but the key point is that the 19p convertible should limit the minimum bid.