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Allied Minds was a success in the end for Amber. Company went private in December and shareholder guaranteed dividends. Profit. Locked in.
“I was just reading about the breaches you had posted, I'm fairly sure that Prax were not actually the owners at the time, it was Total Energy who owned Lindsey Oil at the time of these breaches” -
Yes you could be right. I’m happy to check, but the point here is the liability, and the fact that it cost them 400k plus in fines. This comes off the bottom line. Any more of these and you can forget your future bonus. As far as company due diligence, I’m a tad worried about what Maris is saying in his presentation.
Also a couple of big fines by HSE for poor practice under COMAH
https://resources.hse.gov.uk/convictions-history/breach/breach_list.asp?ST=B&SN=F&EO=%3D&SF=DID&SV=4316656
Poor track record with the HSE EXEC
https://resources.hse.gov.uk/convictions-history/breach/breach_list.asp?ST=B&SN=F&EO=%3D&SF=DID&SV=4316656
Yes - PRAX or perhaps their Broker.
here =>
https://docs.google.com/spreadsheets/d/1wEawgBV2r1KqZyhcas7jEajgT1_KH-ZMweitsNK2JF4/edit?usp=sharing
it gets worse by the hour...
dropped under 7p now..
Live 6.916 - 6.993 - disgraceful.
Just to add - when the WEN TO deal was announced, their website was closed down with the Offer plastered all over the website & a short recorded Presentation by the CEO. I note there is nothing on the HUR website, and the offer is on the PRAX website with legal jargon.
I tell you what, this deal makes the WEN takeover by M&P look utterly amazing at 30% cash uplift on closing price.
100% - this I believe was what CRS did with Allied Minds, which went private in December 22 with a similar future dividend as deferred consideration units. Personally I was thinking of selling some HUR and moving it into CRS, but that maybe is knee-jerk. Current sp is looking no better than last week, so Prax reps probably making current volume as panicing PIs bail ..
Well we all started a spreadsheet a few weeks ago & got to about 33M shares in total from the group here, which is still under 2% of share capital. This deal sits with CRS really.
After the relief, and positivity of seeing the RNS, I am bewildered as most of my LT sufferers on here are. And just look what the current SP is doing after an initial climb into the 8s. (funny how the price crashed to 6.8p the eventing before the RNS?). The deferred bonus scheme of "upto" is more jam tomorrow, isn't it. Crikey - I am stunned that CRS have accepted this deal in principle. Someone needs to call up RB immediately. We will never see the deferred dividend of 6.48p - as someone pointed out, we take a risk, and defer the profit of all the cash coming in for Prax to gain as a cheap loan. Terrible.
6.7p
After weeks. This board is now looking much more positive. I think Haggis deserves special mention for highlighting EV report, but part of me thinks this is so obv with WOS Licences we all should have seen this and of course CA - 100%
Good point re A Reverse Into HUR. Could happen. I’ve been through the Spark presentation and note reference to HUR fractured basements & I wondered if Trice was some consultant in the background here. It’s so quiet since Feb 2nd - anyways the SP has ticked up this afternoon and it’s 7.5p on the bid which is an improvement on last month or so (was 7.17p all day yesterday). Volume non existent.
Haggis
That presentation is v interesting, and looks very positive. Viaro and Spark are both private companies, which probably means if this turns out to be the proposition, that HUR will be taken into private ownership. I'm wondering if/when a RNS lands on the FSP (if successful), whether the HUR share will be suspended, until the deal is completed. We could wake up to this one morning this month! What do you reckon?
Micky - the article in EV never mentioned "producting" assets, it said :-
company chief executive Francesco Mazzagatti revealed they are at a “very advanced stage” of an acquisition for “two large production assets”. If you go over the the hurricane website, and look at the top tabs, there is one that says ASSETS and under that there is 2 Licence numbers, which are the companies main ASSETS.
Sense
According to the HUR website under Assets: we have P1368 central (Lancaster) and P2308 (Halifax) so I would say yes. The AM is on hire, and not owned as an Asset, in my view?