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Not sure if this should be seen as a good sign or bad? Maybe he feels the advisors are treading on his toes,or he is a victim of cost cutting proposals etc.Hard to tell.Rick was also a finance man.We need oil prices to hold up whilst all this refinance being looked at.http://www.ssgca.com/energy-industry The advisors seem to cover all areas of finance so it is very hard to guess the outcome.Back to waiting.GLA
A good set of results which remember does not include the five exceptional diamonds found in Jan.Cost cutting/new technolgy all seems to be working and still strong demand for our diamonds.All that and the share price hardly moves as usual!.No mention of selling the Botswana mine yet,a nice price for that would be the icing on the cake!.We seem to be in a lot better shape than Petra Diamonds that took a massive hit recently after it's trading update.This time next year Rodney we might get our money back!! GLA
I would be the first to admit this is a dog of a share,having been stuck here with big losses for years.[averaging down made it worse!] However given the price of oil, the assets, and still some money in the bank this recent sell off seems over done .May find support at 52 week low of 53.20.Could be worth a punt or further average down from here.GLA
http://www.ssgca.com/energy-industry This seems more specific might part of the same co.
I don't think we can assume that the 425bopd for the waterflood has been met yet We know it was not previously unyet we have not been having the breach RNS,so maybe that was dropped on the basis they get a investment bank/advisor in.But even so this is great news and shows HAWK are still very much alive and kicking.It seems SSG are big time [no doubt not cheap] but likely to come up with some good solutions.That combined with POO now and increasing production[we hope] Things should be looking up.hopefully.GLA https://ssg-advisors.com/who-we-are/about-us/
Unless have some news soon, gains likely to slip away.As a LTH with a fairly high average [despite averaging down] it was great to see all the excitement and rise in share price,but never seems to last long here.This company surely does have huge potential but always seems to take for ever to do anything.The MOA was a surprise and a life saver but they need to keep the momentum going now.GLA
Expected tomorrow.Things should be a bit more rosy with oil prices as they are.Also maybe some more funding updates.Judging by SP rise today assume nothing too bad expected.This has been a dog of a share for me and many[ I am ex Salamander!] lets hope this year may really turn around.GLA
Some ray of hope for us LTH.3x world class diamonds wihtin a few weeks of 2018.[and this one mega big!] This combined with the potential sale of our Botswana mine and an improving diamond market our luck maybe be changing. Even after todays rise this still seems very undervalued [and unfortunately still less than many holders averages, me included] GLA
Not the RNS we were hoping for, but us LTH should be use to it by now! But at least some explaination even though very vague.The good thing is the Bank must have been aware of this unyet still extened the loan.Also JC still bought the shares so they must still be hopefull for future production when all workovers done.https://en.wikipedia.org/wiki/Workover With any luck the workover is to adjust to the building reservoir pressure to allow more oil to flow.Whatever it seems our little excitememt is over for now.Lets just hope the SP does not drift right down again.Given the POO now,we must have better prospects now than for a long time.GLA
Not sure it will last but certainly a great start for us long suffering holders.You would assume if finance negotiations/production were going bad JC would not load up as he did.This can only be seen as a positive.GLA
Hi Dickyboy,I know what you mean,but even when they have anounced big finds, the SP has barely moved, and fell back after. Unfortunately maybe there is some truth in what sityboy has said.However I still think we are very under valued given the assets and future earning potential.I think selling Botswana for a good price could be a game changer also, as it will reduce costs and get us back to a very strong financial position.Merry Christmas all and hopefully 2018 will see a better year for GEMD.
This must be one of the most undervalued shares on the market.A few of our big stone could almost cover the market cap! and anything we get for Botswana is not even factored in.In the past this share has gone up around Christmas/New Year in most years, lets hope it follows that pattern this year.We desperately need something to good happen here! Good luck all long suffering holders.
https://simplywall.st/stocks/gb/energy/aim-hawk/nighthawk-energy-shares/news/have-investors-already-priced-in-nighthawk-energy-plcs-lonhawk-growth/ Make what you will of that.It seems to forget the fact we are hanging in the balance re the refinance.Also where do they get the projected growth figures from! It would be great to have refinance news before Christmas [assuming it is good] but knowing HAWK it is unlikely. GLA
Graham I am inclined to agree!!.I think the only thing that could shift this at the moment is if the Botswana mine was sold for a good price.That would greatly reduce costs and get the company back in a very strong financial position.They could also reward SH with a special dividend which would obviously drive up the share price.Maybe just wishful thinking though! GLA
We all know our fate hangs in the balance,but for LTH we have little choice but to wait.To me, to cash out now at a massive loss when there is still a glimer of hope is not an option.The waterflood is obviously taking longer to work than anyone thought, but it may not be a failure.The link shows can take up to 2 years to work! http://www.rigzone.com/training/insight.asp?insight_id=341 Unfortunately time is not on our side.I wonder if part of the plan could involve JC taking a haircut on the interest etc.Anything he will lose he would gain by saving his investment/rising share price.The bank or other potential investors maybe more interested if the overall debt position is reduced.Certainly worrying times.I like many on here have much to lose.GLA
Hi guys,I too have an average near to yours even after some averaging down.This just can't seem to hold above .80p let alone go up! Another positive article,not that they seem to do the SP any good! http://www.diamonds.net/News/NewsItem.aspx?ArticleID=59527&ArticleTitle=Gem%2bDiamonds%2bEnjoying%2bLarge-Stone%2bBoom One day we might just get our money back!! GLA
As rascal mentioned previous if they had failed to submit a proposal to the bank or it had already been rejected there would be a legal requirement to inform the market.I agree it is not always done but the NOMAD would be opening themselves up to law suits if knew and withheld price sensitive information, or signed off the last RNS knowing they would not be around to honour the deal.I would take this silence to mean something has been proposed but still being looked at, or the bank has given longer to submit the proposal.But who knows for sure? We can only wait as usual.GLA
Hi Mr Bond,good to see there is at least one other shareholder!!.I agree the update was all positive and hopefully things can only get better.If the offer for Botswana was complete rubbish you would assume they would have rejected it already.It is really just a cash burn to us at the moment so a half decent price would be a great boost to cash reserves/profitability.They may even pay some to shareholders via a special dividend!.If we can stay above 80p it will be something!Best wishes and GLA.
We were priced to fail, but this implies we are still in business.This is likely to be part of the conditions of any new finance arrangement.It would make no sense to announce this then say have failed to get finance and it is all over.This must be a positive thing regardless of how good the deal is.GLA