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Here comes the “contrarian” plays...they can see the strength in the SP after the shorts onslaught.
Sometimes an RNS can have an opposite effect...you can only issue it once...they have responded and killed the story in its tracks. These WE stories are designed to create panic while the market is closed and a rush for the door on Monday morning, which in turn creates more media coverage...it becomes self feeding. They killed it.
No need to apologise..that’s your view...PMO have responded...let’s see what’s the markets response.
It’s a shame our Asian friends aren’t listed...now that’s a shorting opportunity!
RNS will only come if PMO feel the article has had a negative impact...they have already responded to the false news.
Halfpenny I can only think you have just surfaced after your works party last night...right?
Someone needs to be sitting down with that reporter tomorrow morning and putting him under some intense scrutiny and following up on those “sources”...he has just made the Telegraph at best slapdash and gung-ho and at worst boiler room derampers.
Very shoddy...and should in no way be tolerated.
Desperate measures here... they are trying to throw the kitchen sink at this! It is no coincidence that we have featured in the press in 3 successive weeks.
I went through the refinancing 2 years ago for 2.7 billion when Catcher wasn’t live and oil $ negative. We will be looking to refinance $1.5 or less with Tolmount online also...NOT AN ISSUE!!!
Be under no illusion THEY ARE ON THE BACK FOOT and it’s about time the FCA grew some balls instead of looking for soft targets.
“I say..who is this nay thumbs?...we’ll have non of this nonsense here!...this is a local board for local people”
I think that’s on the limit where contrarian morphs into cxxntrarian!
I think a lot of holders have sold out here.
A lot of psychological obstacles have been removed very quickly and what we need now is some fundamental ones to be removed, with Zama been the first. I believe that once Zama is public then ii will take a new look at PMO with a contrarian view against shorts. A lot of forecasters are predicting a tightening oil market from qtr 3 and will want to get ahead of the curve.
We’ve had plenty of disappointment in PMOs SP so let’s allow us a little light relief today...or we could all invest in banks...their doing well today...record amount of cash isa’s then out yesterday..apparently.
Just need TD to toss that can labelled “ZAMA - BEWARE HIGHLY FLAMABLE” into the fire!
“Burn baby burn...disco inferno....BURN THAT MOTHER DOWN”
I firmly believe the rationale of “hedging against their debt exposure” is a complete bolxxxks and they wanted to use their inside postion to force a rights issue which not only would drive the price down but they more than likely would have received preferential warrants that would cover the short.
What refinancing needs completing in QTR 1?...news to me!
While I’m “in one!” I feel the “Short” discussion has also run its course. We are just feeding the flame...this is exactly what shorters want. This has always been subject to short interest and was at 13.5% prior to Catcher 1st oil.
Can we cut the political tripe! This is a board to discuss PMO and not politics. It is another risk but we wouldn’t be in a share like PMO if we were risk adverse. Cut it out.
Can anybody explain why TLW was never targeted by shorters...just on paper TLW was a more obvious target than PMO.