Member Info for Icarus42

Thanks Goldenbadger 1,
Its just that I have a note of total liabilities of $320 m end 2020 which I am currently unable to verify.
I suspect it is prudent to await events for now but one to watch if not already in.
Thanks again.

Goldenbadger 1,
Excluding the Conv bond,how much additional debt is Hurr carrying ?
Assuming production and Brent hold up,then paying the Bondholders and raising capital via equity at say 2p may work ?? but would the market go with another equity raise @2p ??.So many questions with so few answers.
I am running the slide rule over Hurr again,each time I have done it in the past I have balked at speculating as everything has to go right(which has been elusive to date) and any further slip up and Hurr is dust.
I am actually surprised that the bonds are trading at 56.
Lets see,Best of luck.

I anticipate a trading range of 30p-60p until things are clearer re US sales.
The placing price @30p will attract those wishing to de leverage.
A strong buy in my opinion,the main risk is management and I do not underestimate their ability to snatch defeat when victory is at hand !!
On balance holding should be game plan.
Best of luck to all playing here.

Bobbyreg,
If it goes to 0.2p you would never buy nor should you as it would be in admin.
As for your latter point,can you explain another way going long how one can make money other than by others paying more than I have.
Must try harder Bobbyreg.
Best of luck if you ever buy a share.

Added @1.27p,stop @1p on this tranche.I have a relatively small sum invested in PDL (more than you though LOL).
I sold some gem d @65p and standing aside there for now and invested the proceeds here,rotation eh !!!
Dont trust management at GEM D,have a sense rightly or wrongly that they are going to do something stupid,still,would probably reload if the price is right.

BoFA are out today with a note saying it is time to buy real assets that have been beaten down and which should do well in an inflationary environment.Interestingly it includes Diamonds as an in play asset.
Perhaps sentiment is about to turn for the diamond sector,not before time one has to say !

The placing/rights issue completes on the 19th,this is @ 30p.Usually, but not always the price will drop to this.
This is high risk/reward and It will take a few years to see real appreciation if at all,the US has proved a difficult market to crack and there in lies the risk.Will more cash be required ??
I am scaling in at these prices and hope to build a decent stake,the upside is big the downside 0.
PDL could do with catching an updrift !!
Best of luck
I am not going to trade it for short term gains and intend to hold for a few years.

The debt holders now hold equity,one would have thought that an appreciation in equity value would be in their interest as opposed to shorting against themselves.My guess is some still think its going bust and want to profit from it.
I think it is,for now,safer than it was pre covid and has 50/50 probability of just staying in the game.

Perroverde,
Had read it but still wasnt certain that it had fully applied.
Thanks for the clarification.
Best of luck.

Perroverde,
Has the deal been finalised and dilution complete ?

Hi Steve E60,
The talk is that the Fed will tolerate the 10yr to 1.8% above that, more QE bond buying to suppress that yield.
Once the Fed stars buying then up we go.Inflation will eventually break the market but not until end 2022/early 2023 in my view.
Great hold in Tullow,dont like the small oilers but am long BP and Shell and will hold these for now and havent a clue re TLW but if it survives then with oil at these levels, its very bullish.Technically,TLW has boken above its 20 and 50 week MA which is bullish but I just cant buy it.I have only ever made money shorting TLW so my opinion of the company is poor.
One that is on my radar is STX,shield therapeutics,a small pharma company,one to watch and do some research on.

Hi SteveE60,
Is it going to be diluted or not ?? Diamond market seems to be picking up,not sure if it will bring this pebble with it

Bhargav4000,
There are 3 main issues here.
1 Fundamentals..........which appear Good
2 Price of the underlying which at the moment is being driven by the US 10yr,it is thought that the Fed may tolerate a rise to 1.8%,above that they will intervene by buying and driving the yield down.For now PMs and Fres are at the mercy of the 10yr regardless of production data.
3 Technicals...... If you look at the weekly chart going back to 2015 and add the 20 and 50 week MAs you will see that FRES needs to trade at least above these averages to have the bull return.The other indicator is the weekly RSI,below 30 and rising gives a better risk return.Focus on the price action and not the price level.Scaling in using good indicators for your entry rather than ones own opinion is good practice.
The above are factors I take note of as they greatly improve ones entry point and profitability.
Nothing will work all the time so sizing is critical to manage risk.
Good luck.

Goldgnome.
There is a thousand million in a billion and a thousand billion in a trillion in todays common numerical understanding.
So to be exact, a trillion is 1,000,000,000,000

I thought 40p would do, 30p is a negative,but not a complete shocker given the risks.The US is littered with the corpses of UK companies trying to make it there and the market does not have great confidence in STX going it alone.
At least the uncertainty is out of the way,to buy at 30p or not is the question

When Micro was @£27 it was a Tech growth stock one of the few on the LSE,its now a value stock !!
The companies you mention are all legacy Tech with very little innovation and priced accordingly.
I agree that value may have its day again,I am uncertain where Micro fits in.
One thing I am pretty sure of,if the growth stock bubble gets pricked then my assessment is that,rightly or wrongly.Micro will be marked down accordingly.
I guess I am trying to add a little counter weight to the uber bulls here,I am long and would add lower if it presents.
I traded this from 250 and sold at 480 (without recourse to my records) so as inferred in my previous posts the bull story gets a cautious nod from me.
Best of luck Pandamonia.

In the greatest Tech boom since the Dot com bubble MCRO managed to go from circa to £27 to £2.
All new investors here are interested because of that drop and the possibility of a recovery play and not that this is a great Tech company.
I believe it would have been better to increase debt repayment and say that they planed to instigate a share buy back program if they are so confident.
A FTSE 100 tracker yields a very safe 3%.
A progressive Tech company should be growth orientated,of course this is where the markets concern lies ie the company has gone ex growth to such a terminal degree that servicing debt will be a challenge and returns to shareholders will be paltry.I am a cautious bull here.
Best of luck.

going up !

The reason why people are buying crypro is because it is going,a momentum play par excellence.
It is the most manipulated market there is with 99% of bitcoin owned by 7% of wallets.
The whales will dump as necessary could be today or 100k,150k but dump they will.

Sotolo,
I am sure you are aware of the info in the link below, but it is clear historically the link between the 10yr for example and Gold is sometimes positively correlated and other times inversely, context is critical,sentiment being the main driver.
https://www.sunshineprofits.com/gold-silver/dictionary/gold-yield-curve/.