Member Info for FunkySausage

A proposed equity raise of US$230 million to fund the proposed BP Acquisitions as previously disclosed and to pay transaction costs. A further US$300 million of new equity is proposed to further reduce debt of which US$205 million will be underwritten by Premier's creditors who will convert existing debt into shares in the event that the equity is not raised from existing shareholders in a pre-emptive offer and new investors (together the "Equity Raise").

MPO
Its not 230 mill its 500 mill there raising

Much more to be raised than I expected

Seems alot in current climate

On top of losing a bucket or 2 as well

Good luck to all

Post ur mobile or email, will send u a copy of my position

Let me correct that

£100k sell @ 33.5791 at 14.14pm

100k sell @ 1414

Thats a biggie

Update

The red basher had weaved and ducked well, landed some some superb shots, he has had the Blue Bomber on the rides a few times now, looking a even contest at 2 rounds each, turning out to be a great fight

AnnnnnD in the blue corner we have the Blue Bot Bomber

Innmnn the Red Corner we have the Red Bot Basher

First 2 rounds have gone to The Blue Bot Bomber, coming out on the bell, looking strong, moving and bobbing well, The Red Basher seems to be on the ropes a bit, still early on in this mega bout

Who knows in this in this rollercoaster world )

Reckon they will buy this upto high 34 today, cant get to far out of sync

Sk R U MAD Lol

There u go )

Some reasonably chunky buys have come in

Hmmm

asset value will be wrote down like everyone else

Reckon we're quite skint, hence I predict a RI

Fundamentals are screwed atm

Hedging saved the company short term

I think I have made myself clear over the last 24hrs no ?

Don't wanna post to much now, getting moaned at for clogging the board )

Out to lunch in a hr

KarenKraken

Clever people try and learn, idiots just make stupid comments

What side do u fall on ?

Oscar, but yet calling it up to 35.5

Kraken why the insults ? I cant be right everytime but doing OK so far )

SK tell pmo to boost upto 35.50

Pmo still massively out of sync with my other oilers

Kraken

Yes your right but with so much debt and the oncoming carnage of the winter the debt will drag this down to barely breathing, if covid spikes and oil tanks pmo is gonna be struggling to stay above water.

Zama is toast, Mexico has a asset grab going on, shame, bwcyd

Traders that like lth seriously should look at hzm, shes gonna pan out lovely over the years ahead, take a look, well worth a couple of hrs researching imo

Its the pound of fkesh thats needed for it Oscar

It is a good deal but at the wrong time, in the end it will pay off but were talking 12 months for it to really show some worth

Free tenners on Dave )