Member Info for Just_My_Opinions

Oops wrong board haha meant for Glencore's board :-)

brent has came tantalizingly close to $50 a Barrel over the last week or so. You just know it's itching to. Please Jebus... give us similar EIA figures this afternoon @ 15:30

You didn't answer the questions I asked above. Ignored them as expected. You also tried to dress up the fact that not enough shareholders subscribed to the offer. Meaning the ones that didn't still have the dilution from any previous drawdowns on the convertible loan facility. It also means that not enough personal investoes had the confidence to invest more money. So if the company runs out of money in the timeframe indicated on it's RNS, investors are taking q gamble that larger shareholder either fund it's ongoing operation. Or the company doesn't go into administration stripping it of it's assets. What's to stop that happening, and one of the major shareholders buying the 50% rights to block 26? Or anyone else with deep pockets for that matter? I'm not saying this stock does not have a chance of coming good, but it's a very risky gamble. Good luck to those who have bought or are considering buying.

And secondly, if people were given the choice to invest "more money" in the offer in order to preserve their current holdings that's an ultimatum to either risk more money or face having their investment diluted. Either way is bad if the company can't survive if it can't either (a) start producing due to the lifting of sanactions. Or (b) secure more money. The big investors may decide to support GPX if it runs out of cash, or they may let it fold and buy up the assets. Who gets first dibs on the assets if there's no creditors? Do the bigger shareholders rank higher in the pecking order? Even if they decide to support the company as a going concern, do you actually expect people to believe that they would simply cough up more money... and the little personal investors would not have to do the same? Why would they?

So you ignored everything else I typed and concentrated on the convertible loan facility. :-) Answer these questions directly without water of a ducks back attempts at insults. How many extra shares were admitted to the register due to the convertible loan facility? How many were their in total prior to any shares be admitted for the conversion of any loan tranches? You think I should to go back to kindergarten.. I put it to you that I didn't invest in a non producing Oil company with its primary asset located in the most horrendous war zone on the planet, who by it's own admission, states it has about 8 months money left. Best of luck.

It took a while, but it seems people are finally waking up. Assad is supported by Russia, Assad doesn't look to be going anywhere. The sanctions are due to Assad butchering his own people, as long a Assad is in power it's unlikely the sanctions will be lifted. So now it's a guessing game. A guess on what will happen ultimately. It's clear the opposition is not going to give up. The Russians have pushed them back further away from Assad's stronghold, but they're not defeated. The Islamic State terrorists are being contained, they're not beaten but they're not pushing ahead successfully to take large areas of territory either. The official opposition is not beaten either. But Syria's economy must be getting absolutely hammered. How long before living in Syria becomes intolerable for absolutely everyone, including all the people living near Assad controlled territories. How long before there's a rebellion against Assad himself, and how long before Russia turns on Assad and allows their own preferred leader (whoever they maybe) to take power? Syria is of strategic naval importance to Russia... they need it for the port of Tartus, without it they could lose the power they have in the region. Eventually something will give... but it doesn't look to be happening anytime soon. If you want to invest in this stock, you should be looking at all the developments that would make life intolerable to even the Syrian people who support Assad including but not limited to the Syrian Army. If Assad is either removed, or democratically removed (well somewhat democratically) then the West might lift the sanctions. It's in the West's best interests... if they don't lift the sanctions then life will become so intolerable for the "majority" of Syrians and the migrant/refugee crises will only get worse. I'm not invested here... I read in the report the company had around 8 months of money left... that over a month ago from memory... the question is, can it last long enough for the above to happen without taping shareholders via a rights issue, or something dressed up to look different from a rights issue.... or even another diluting convertible loan facility. You never know, GPX might get lucky... Assads removal from power could be accelerated and things move fast. But it doesn't look likely does it?

In fact nope, sold my holding already... trend is down. I'll monitor this one.

If you're not aware already, Netflix subscriber growth is slowing. I have a feeling it's due to the recent hollywood copyright issues, where Netflix has been told to actively block people using the service of international netflix by means of DNS servers. I.e UK customers watching USA netflix using a DNS server to fool the Netflix server into believing the UK customer is a USA customer. A lot of content providers have gotten together to enforce Netflix to stop allowing this. The UK netflix is rubbish compared to the USA netflix. That will be one of the reasons. Sky still dominates in sports... it's also got a far more user friendly set top box compared the virgin media and BT in my opinion. THe churn rate is up due to competition, but clearly Sky is still attracting big customer numbers, I've just bought some at it's support level. Not worried about this stock at all.

But for balance I can see him leaving office eventually after a long drawn out process. The country is never going to have a chance of being remotely stable without him going. But equally it might not be stable even after he's gone... could end up like Libya

"So far talks in Geneva between a Syrian government delegation and the opposition have stalled because Damascus is unwilling to engage in discussions about President Bashar al-Assad possibly leaving office as part of that transition." It's common sense that the rebels (that are not terrorists) are not going to accept anything less than Assad leaving office. The Russians have also made it clear they support Assad. Only the Russians turning against Assad could see Assad leaving office. As long as Assad remains in power, the EU sanctions are going nowhere.

The take over code states "they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced" Does that mean the highest share price the company shares have sold for within the last 12 months? Or the highest price the holder of more than 30% personally paid within the 12 months?

Just bought a few big chunks of LGEN. Nice defensive stock, with excellent Dividend and very strong cash generation. A sit back and relax stock should oil turn nasty again... It's dividend means the pension and equity income funds must love it.

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/GPX/12725202.html over 38%?

in4, No doubt you'll know this.... The UK takeover code states the following... "When a person or group acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced (30% of the voting rights of a company is treated by the Code as the level at which effective control is obtained)." I assume GPX has some sort of setup that means this doesn't apply to it? Google finance states it's a United Kingdom based company, obviously it's on the london stock exchange... I assume it's not considered totally a UK company, is it?

in4, You got your shirt and trousers in this share mate? That explains it, I mean this in a funny, non venomous way... you're like a Rottweiler protecting it's property... the second anyone steps in here with a negative word to say, and you're on them. There should be a sign in here saying "in4 - I can make it to the fence in 2.3 seconds, can you?" haha Good luck mate, I've been burned on AIM enough to know that no matter how good something looks... it can often amount to nothing. But I also know that occasionally they amount to something very big... maybe gpx is that stock. It was certainly very high in the past. (1) If Syria finds enough peace (2) If the company survives financially whilst it does (3) If the oil price recovers too (4) If the sanctions get lifted... BOOM, off this goes like a rocket.... you'll have the biggest cheesiest grin on your face, permanent jaw cramp counting all your wonga.

Nope I haven't taken a punt in GPX. It is a punt, a gamble... it could either sink or swim... if it sinks, well.... but if it swims it'll be an Olympic champion. Most I would put in this is £1000, and probably only from profit from large cap trades. That way it's fun if it clears the mountains of hurdles in front of it... but if it folds... not the end of the world. It's one of those types of stocks. Those heavily invested, as in large percentages of their investing capital have kahunas of steel.

in4, The company had a convertible loan facility that is not garbage. You think the FCA will ban me from buying stocks due to not realising it had been paid off, with a diluting offer? Convertible loan facility = Dilution Open offer = Dilution if existing holders didn't take it up. Am I wrong about that? It seems either way = Dilution You're rather hostile in4 lol

hypothetically, President Bashar Al Butcher Assad left office, made way to political transition and democratic voting. After the new democratically elected leaders was voted in, and the EU lifted sanctions. What is the likely extraction costs for Block 26? Is it even viable if it were able to operate without sanctions? Or would the cost of extraction be too high with the current oil price?

Yeah it's all fun and games until GPX runs out of money in 7 months time... Is Assad likely to be gone within 7 months? Or will he still be the president with EU sanctions firmly in tact? With that said, if the sanctions get lifted... into the stratosphere it goes.

It's never wrong to take a profit