Member Info for johnpwh

Its not a share for widows, orphans or anyone with a grip on reality. Ask anyone who has invested in the stock market for more than a handful of years, particularly on AIM, whether there is any hope for equity holders here and you will get the same answer. Hint: it is a very short word which is an anagram of 'on'.

Well done C & B and LoB, bet you had a pint last night!

Must admit I wasn't expecting this move but it has been indicated over the last couple of weeks by the gravity defying SP. I think the word 'final' may put a cap on things this time unless people are really confident of a no sale. Like you Monkey I got out earlier, £1.107 from memory but that was over 5k profit so I'm not moaning. Leave something for the next man!

Its dead Jim. or Fuel!

No SOY but it was a strong finish today. Search me!

Sadly Foz the latest SP bounce appears to be ebbing.

DJ
As Poirot once said 'If the little grey cells are not exercised, they grow the rust'.
I shall attempt to decipher

Adios DJ, I will genuinely miss you. Take care.
John

Yes. Not much excitement here unless there is news on one or more of the usual 3 elephants in the room, Tavsan, Venus and Salinbas. There sure as hell ain't gonna be no divi in the next couple of years at the predicted level of production. All, as usual, in my ever humble opinion.

I'm not trying to be an old misery but you have to keep this in perspective. ZNWD is up 8% (though that is hard to be sure of given the spread) and at the same time SAV is up 12%. So its not company specific though may indicate rumours of an EU initiative on Lithium perhaps since SAV is operating in Portugal I believe.

spike
I agree with you. Sorry for all shareholders here. seems to be happening very regularly.

People are clearly still buying. Personally I think they are mad but they may turn out to be the ones with genius on their side. Not clear to me if this is debt for equity swap, and if it is then is is the same equity class or a different one leaving current holders with share certificates to take to the bathroom with them.

No more bonkers than to go up by over 10% in an uncrossing trade. Cant have it both ways. It often happens, was surprised that so many took it as a serious sign of a breakout.

Isn't the UK windfall tax here until something like 2028 as a sop to the public blaming the energy producers for the crisis rather than the massive tax element that government imposes (and hence imposes even more)? I believe that the UK will still impose windfall tax if the crude price falls 50% or more as the term 'windfall' was never defined.

Does anyone know of a reason Mr C?

Hexam
We'll have to see what happens I guess. Anyway, I wish everyone here the very best.

antlev
I agree that it wont be pretty. But those, which I admit includes me, who have never been invested here may view this for the future if the listing is retained. I imagine that what will happen is that there will be a consolidation of the shares after the restructuring takes place, say 1 for 50. Even though an accounting exercise, psychologically penny shares are treated with suspicion.

hexam
My interpretation is not quite the same. By recovery I am reading significant recovery from the current level as a result of the deal, not that it is wipeout for current equity holders which i assume you mean by 100%. Time will tell.

antlev
Your maths is fine but your logic isn't. The equity replaces the loans so the balance sheet strengthens, the post restructure financial structure is healthier and the company far more valuable. No lender is going to swap their debt for 2p shares if post the transaction those shares will be worth a fortieth of that amount. They aren't that daft.

Hexam
I think we agree. Its not good for existing shareholders for sure, they is no prospect of a meaningful recovery of share price to previous levels. But as you imply, if the listing continues (and I saw no words to the contrary) then any new shareholders could do well. Obviously a cloud of sentiment will hand over the SP for a long time until the way forward is encouraging.