Member Info for IAmNotAnAnalyst

No but he'll let you make a bet in the next race. Horse racing is not a good analogy.

Probably some of the most unpredictable times are coming. The only guarantee is if you don't sell you'll keep exactly how many shares you have now, everything else is win or lose. GLA

Does anyone know how the assets are chunked up, or is it depending on what the bidders wants? It would be interesting to know the potential size £ and production.

I totally agree that it all balances on the trade update. If the update is strong and the offer rejected then we could end up dropping immediately but then rising up above the offer prices, as clearly it would credible that the company value is higher. 50+p within a few months I'd estimate. If the update is weak/average then there could be a lot of pressure to accept the offer, as we'd be at risk of falling back to where we were (including for the impact of the PoO increase though). I'd guess somewhere 35-40p.

Nothing happens until IT happens!

It really depends what %age a lot is and whether they would be better off taking what's left and investing elsewhere...

If they make offers then they'll find out what the price is to get >50%, as we've seen that doesn't mean they have to talk to too many people. Who knows where that sweet spot truly is though?! I guess we'll find out, or find out where it isn't.

Macramé?

It does seem to have gotten quite hostile! I can't really figure out what the game is though. It is baffling that Medco own no shares, could they have an agreement to buy from an II, or would that have had to be declared?

Just came to say the same thing - curiously strong finish :)

It is quite laughable to not mention PoO when quoting how much of an increase the price is based on Dec 28th price for example...I'm no profession but that even had me reaching for the swears, the cheeky...!

Probably the low market cap, decent cash, and significant potential. That alongside the lowish PoO and a bit of a takeover frenzy this month. If it's a good investment for us it's probably an even better investment for an Oil&Gas company with spare cash.

My guesstimate is 19th Jan. 29/11/2018 start + 1month and 3weeks :D

Just a little reminder of the offer price predictions:
48p - Mor16
50p - IAmNotAnAnalyst
48-52p (50p average) - munchbox54
55p/58p (56.5p average) - dusterinmong
58p - NewKOTB
60p - Harts
55-65p (60p average) - Ammu123
55-65p (60p average) - ArielArrow
70p - Rookie1
70p - LuckCounts

Mor16 seems to be somekind of wizard...however, this isn't the actual offer as the RNS makes clear, there's still time and it'll either stay the same or go up from here (unless Ophir decide to pay a chunky dividend)!

Friday club:
65p - givingthelowdown
67p - Tomcorvid
80p - Bobblicious
81p - investor6
82p - IAmNotAnAnalyst
82.5p- krakenoil
83.5p - MatrixObserver
87p - Goldy7
90p - TR61
92p - laidback
95p - Hawkey
98.50p - MrEMC2
100 - Rocklawn

Bobblicious with the lead at the moment, but there's plenty of trading left :)

I've plotted the last 14 months PoO in GBP Vs PMO SP and the current price is spot on the linear trentline. No adjustment for debt repayment or change in cost to produce - so presumably these net eachother off. Although I'd expect a little uptick due to debt payoff.

Dark, as much as I enjoy the sentiment there are a few innacuracies in what you say. The Canadian cutbacks were due to the capacity to export, all storage is full and they can't get it out quickly enough. The shale industry in the US is not a cartel so they can't just agree to reduce output. If they did they'd probably end up in big trouble. Also nobody know the break even for share, and it'll all depend on the site. However, as shared previously the break even of Sea Lion is lower than most of the attractive shale sites. I've nothing to say about trump and Iran, you may be correct there!

I'm expecting the results from EMS-1001 at the start of Feb.

Presumably they're quite careful with their wording in these kind of things. It's 'later in the year' right now...however, like you I take 'later in the year' to mean 'the latter part of the year' (i.e. H2).

Ooh also, is it only net short positions you have to declare, not just gross short position?! I would never have thought of that.