The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Slow and steady. Long way to go but would appear a plan is evolving. Market forces demanding it
https://twitter.com/insig_ai/status/1529079643759845376?s=24&t=7ZY40QwWyZc5uIWk2_lX7w
Lol Massiveray, alas not
Massiveray, it's no drama. I've been out at sea most of the day and missed this episode. Sorry it's caused animosity amongst hitherto amigos but it happened. I switched what was then half of my portfolio to spreadbetting a month or two ago and gave a heads up not to stress or read anything into a large buy/sell transaction. There are scammers out there and having read the thread tonight (Bahamas time) can see why some doubt. All in the same team. I'm cool about it.
Those doors will be open wide for all Doc. We are all heading in the same direction......
It's a 2. I took the call from my broker who had received a call from a market maker. It happens. I have also bought shares through the same route in other companies. Don't like to see people falling out. If anybody doubts me come to Emsworth in Hampshire on Tuesday. I declined the offer to sell any. It's not a scam. They may exist but not in my world.
https://www.energyvoice.com/markets/383982/hurricane-energy-crystal-amber/
Good post Brand. You should tweet that
Consolidation overdue in this shrinking market. DLAR now very vulnerable
We'll make sure they don't clash ALWHIZZ. Both sounds just dandy. Being on the results....
For the fun, rns giving £3.89.......
Sounds like at least two parties being lined up, one at BigJohnny's place London way and one at mine on Portsmouth Harbour. We can synchronise on dates easily enough. I will start brewing a commemorative Ale for sale to those who know and will find a charity cause to ascribe some of the profits to. Clearly linked to a respiratory need.
As I've said before it's not about trivializing the issues, more a celebration of the wonderful work the Synairgen team have done and I shall ensure all on that good ship Synairgen are invited. Let's hope it's soon and we can officially improve and save lives!!
Good to be reminded of that waiteoxford. Just thrown a tweet out there regarding his foresight
In June, Maris was telling the High Court that 56c on the dollar was the most the bondholders could expect to receive.
The liability was $230 million plus a 7.5% coupon.
You’ll recall, Maris said that it was best for shareholders if the bondholders swapped $50 million of bonds for 95% of the equity
and the company doubled the coupon on the remaining $180 million. The High Court agreed with Crystal Amber that this
was not what the statute was to be used for and blocked the restructure.
Today, Maris has reluctantly admitted that with the net liability now is $28.5 million, that by the end of July and that the bonds should be fully repaid, leaving a cash surplus of between $8 million and $38 million. Thereafter, Crystal Amber calculates that the existing P6 well should be throwing off $140 million per annum of cash for at least another two to three years.
Crystal Amber, now a 28.9% shareholder, has continued to have to fight the executives around balanced disclosure. In September, with the shares at 5p,
the company referenced the risk of production ceasing around “bubble point, ” which hit the share price by 20%. Today, the company said that “bubble point” has passed with no issues. In the middle of December, an 18.29 announcement on a Friday evening, reiterating what had been said to the High Court in June about the unlikelihood of developing an adjacent field with JV partner Spirit Energy, saw the share price fall by 20%.
Crystal Amber values the P6 well alone at $350 million (13p a share). Even ignoring the value of other acreage, Hurricane has around £1 billion of tax losses.* These can be utilised by a larger player and these change hands for 25c on the dollar, equivalent to 12.5p a share.
*At 31 December 2020, Hurricane had ring-fenced trading losses of $468.7 million and supplementary charge losses and investment allowances of $707.8 million. In addition, capital allowance pools of $383.5 million were available to be used against ring-fenced trading profits.
Lol @massiveray
Not far, I'm Emsworth mate
And the views from the Tap House are in this link https://m.facebook.com/thepowdermonkeytaphouse/photos/?ref=page_internal&mt_nav=0
Yes Axe, my Gosport-based brewery Powder Monkey has a bar and Tap House (over looking Portsmouth Harbour) so ideal for a party. I can organise one in a brewery lol. I will also have a commemorative beer brewed and labelled to mark the occasion. Not using this site for gain however readers can Google and see the venue. Fingers crossed it's not long to go......
I'll be ready on results.....once SSH's comments are confirmed the doors are open. If it's BigJ too that's cool. It's not a competition, more a celebration
It's as if somebody wants the company to implode.......nose, face, cut, spite, off all spring to mind
For volleyball enthusiasts SSH set before the RM spike later this week.....the interviewer couldn't have been any clearer