Member Info for JMAX

Exactly, he's taking a punt on TLW going south and 800k to him is peanuts.

Fox,
On one hand you are saying the predictions on this board are hopeless and then you are asking for a prediction.

They can't afford to get it wrong, so they will probably avoid us - if we get into the FTSE250 that could change. This is at least a 12month wait to see any real upward change from here.

If most people think that the RBL is a certainty - then won't this already be priced in somewhat - the market is forward looking.

Quoth

I think it was Tungsten now you mention it. I don't know if it was just for TV purposes, but on Pawn Stars I have seen them drill holes in silver bars for this reason.

@Sipi
Very much so, it will be interesting to see how a positive find will be publicised after the fiasco with the heavy find in Sept 2019.

UN,

I'm long here but I think it's going to take a year or a T/O to see any real value.

UN,
See it from Odey's position:
A new CEO, streamlining, assets sales and Poo over $60 but and TLW is still sub 32p.

The roll-out is one thing, take up is another.

Uni the difference is that the nun has 'faith'

What fishy business do you think is going on ?

T/Os have been mentioned in the past, but AH suggested that the TLW portfolio was possibly too complicated for this to happen. However, with Uganda sold and the company becoming more streamlined I hope a T/O at a decent price can happen.

Gusto,
I'm long-term here - why soon?
And the way it's going even RBL may not take us much higher.

PGee,

I know you don't believe or mean that.

“Those who vote decide nothing. Those who count the vote decide everything.”
Joe Stalin

The RNS states
' as we look to further reduce our net debt and continue constructive discussions with our creditors'.

Because we are exchanging a non-operated producing asset for cash - think about it.

The SP hasn't risen because we have just sold another asset to survive.

This part caught my eye:
These are important, value accretive deals for Tullow that will have a positive effect on our financial position as we look to further reduce our net debt and continue constructive discussions with our creditors.

Does this sound like the RBL is far from agreed ?

The 'Total' price was $575m - TLW needed this sale to survive.

Always DYOR