RE: Let take small steps at a time19 Jan 2020 00:58
Another point, when you think about it, if the majority of shareholders are in private hands, that leaves less room for manipulation and organisations like JPM to short the share price as PI's would if finance was secured be unwilling to react? Not 100% sure, but that maybe a consideration most particularly for this project with it's projected profitabilty etc.
RE: Let take small steps at a time19 Jan 2020 00:26
'Straight from sxx website. However I don’t believe they are taking into account the extra willingness of PIs to invest in a raise if it’s the last option for them.'
True, but my theory FWIW, is that $600m dollars could be raised by existing PI's and II's to complete the shafts then once that part of the project had been de-risked the balance of funds would become available. This is something that I am amazed at as to why the BOD's have not pushed this idea. Then again, given the recent press and Aussie connections, I am not surprised at all.
RE: Let take small steps at a time19 Jan 2020 00:11
Fair enough, see your point, but we really need to understand (as is our right I firmly believe) to know and understand the difference between your likely events and what may have actually taken place.
RE: Let take small steps at a time19 Jan 2020 00:02
What I want to know and see evidence of is the seeking of finance to complete the shafts, and evidence as to why a Rights Issue has not been put forward to shareholders, before a 'Proposed Offer' is the most likely option to be reccomended /accepted!
RE: Let take small steps at a time18 Jan 2020 23:59
The way I see it is this:
So far to date, we have had zero news about raising new finance in order to complete the shafts, yes? ie, the company should have at the very least come out and stated what has been tried and why it failed that needs to be demonstrated not assumed.
We have now moved from a SR RNS, over a long period of silence to a sudden Proposed Takeover, with no information in between for shareholders.
Then we learn of a 9 month period discussions etc whilst shareholders are un aware of what strategy has been sought. Yes we were led to believe of strategic partner but not a strategic takeover.
What I want to know and see is evidence of seeking finance to complete the shafts, and evidence as to why a Rights has not been put forward to shareholders before a 'Proposed Offer' is most likely to be accepted!
As long as a Tanker keeps turning up every month for another off loading from now till December 2020, plus plans are made to drill a new well on Lancaster all being well, and a possible tie back to Lincoln (Is Lincoln debatable?) then we have a lot yet to look forward to.
RE: Let take small steps at a time18 Jan 2020 23:19
Tex: 'Is this the same CF who is recommending selling the company for 5.5p? Clearly he doesn’t have any other offers on the table.' --------------------------------------------------------------------------------------- That may well be true re offers, but clearly we do not know that yet do we?
Further, we do not know what actions have been taken and reactions to such to secure financing for completion of the shafts, and we do not know why the company has not considered a rights issue or consulted shareholders to complete the most high risk element of the whole project.
Why throw the towel in now?
What we do know is, the company are more concerned about saving employee jobs over and above the interests of shareholders, IMHO.
RE: Contact hurricane demanding a press release18 Jan 2020 01:21
Come back to HUR in 2 years and all will remember this as a pure abberation in the story of how Hurricane Energy proved the commercial viability of Fractured Basement plays on the UKCS.
What we might well be seeing now is an attack in order to bring the price down for a lowball takeover?
In my mind and IMHO those whom have a great interest in joining us next door as recently aired on EV?
It happens, does it not? again IMHO
'Another target- Buzz – neighbours BP’s Clair field, where a third phase is currently being considered after first oil at the Clair Ridge mega-project in November 2018. Mr Szwedzicki said Spark is testing the “tipping point” where investors will decide to partner-up.'
'I'm as frustrated as most here with the supposed well minded and undeniably knowledgable posters on various platforms (TLF, Twitter etc) pointing out (rightly or not) the 'risk' but I question their actual motives even if they are unwittingly so derived. '
Absolutely, when at the same time they claim to be still invested? does not add up does it? Which begs the queston, why try and trash your own investment in such a public manner?
To me there is another dimension to all of this, namely in the paid service of a shorter perhaps?
'Most, if not all of them seem to me, intent on building, and/or attempting to cement their reputations as trusted experts by coming down on one side of the fence rather than the other but more often than not they do so in an oblique/vague fashion as to allow deniability in future should they be wrong. I don't think it's market manipulation or they are working to some sort of pay master instruction or strategy. '
"I could be wrong' is the forever caveat/get out of Jail clause, very cunning.
Bottom line is this, the company are legally bound to issue ANY price sensitive information, and yes I know this AIM, but the directors are putting their own knecks on the line if they are found to be deceiving/lying.
I do not think for one second that this is the case at all, despite others postings.