Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
From an investment point of view it would make sense HH is down the line so you could say its sleeping capital if an investment opportunity comes you have to accumulate for that investment I am sure numbers have been crunched to forecast the speed in which prim is gathering money should get news within the next few weeks. Gla
Transaction details: The consideration for the initial 7.5% interest in HHDL shall be paid as follows: 1. Stellar will immediate pay HHDL £10,000 towards the cost of the Horse Hill-1 Well. 2. On completion of all necessary legal documentation within 30 days, Stellar will make a further payment of £50,000 to HHDL towards the cost of the Well. 3. Stellar shall bear a further total sum of £390,000 of cash calls for the drilling of the Well to be drilled on the Horse Hill Licence to own a 7.5% interest in HHDL. Payments to be made by Stellar Resources to increase its interest in HHDL from 7.5% to 10%: 1. £10,000 on signing revised agreement; 2. £50,000 on signing definitive agreement; 3. £90,000 when cash called as part of the drilling programme. Note: These terms are pro rata to the original deal Stellar Resources negotiated to acquire the initial 7.5% interest in HHDL as announced on 6 February 2014. GLA
Technically prim is actually an investment company and the deal which has been negotiated is actually a further investment it is not an oil play company but the deal was on the table so they purchased it held it until the demand came for it hence a 5% slice sold for £50,000 on top of our initial investment for the whole 10% and £350k in shares in a company who already own some of HH with our other 5% of HH still Intact either to keep or to be negotiated. Took a little while to digest but maths is maths prim is an investment company after all GLA
Very true wolf that's way we should also DYOR as its your money you are investing at the end of day nobody is making anybody part with there money as it is always a self action. Experience also goes along way and some lessons can not be told they must be learnt hence the latest market sell off we are going through on the markets to a new investor this must look very scary to see everything sliding down where with more experience we learn that this is actually our sale period just like the shops and what do we do with a sale. We go shopping GLA
As the saying goes from the inpatient to the patient it's amazing how many people forget the main reason in which they invest in a share as many have already stated. I guess in comes down to what kind of invested you are quick shout out to the informative posters FK RBK and all who actually do there own research GLA
Could one of Colin birds associated company's be involved?
Many thanks I joined in September as researched and like how the directors were also buying which even got a mention in the investors cronicals I also hold vela who are also invested in stream TV as you stated no debt was the deal clincher for me also. Not a day trader long term like yourself as the portfolio is very strong with a well diverse pick from different sectors adding diversity to the portfolio.
Hello RK many thanks for all your informative post wanted to ask a question I noticed the TR1 and the holder is spreadex can you explain a little of how this process works and if and how it lines up with the the market that the mm make many thanks in advanced
Will do some more research regarding this I have noticed they are mainly on investment companys as the other share is an investment company also Prim who's tr1 is with spreadex
Quick question I noticed today's TR1 was on a spreadbet can anyone explain how this process works incunjuction with share I have noticed another share I am in also has a spreadex Tr1 notice also so was wondering if anybody had any info on this many thanks
Many thanks for the continues updates through the dark days they were very appreciated been in since the tooth fiasco and averaged down in the gray days new management seems more stable and willing to sit and see where it will lead us GLA.