Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Dear Bond Holders, here's 50mill to offset our debt, here is 95% of the business which is not valued particularly high, but hey we are still producing oil, you can reap the benefits of the future sales, when that dries up, have the keys, enjoy the assets, last one out please blow out the candle.
The remaining cash balance in Hurricane, to pay off other debts, contracts, pensions and maybe another disgruntled share holder or 2. Anyone got any ideas on the 75mill approx that Hurr has left?
As my ex chairman would say in this situation, its 95% of f-all.
Luckydog, more like Deaddog-you heard it hear first.
For asking this....knowing the SP is about to rapidly fall, can you still short this stock?
Brings it to a whole new level wouldn't you agree?
And it's still not finished.
So, pi's will be left with a stock valued at less than a 1p, almost zero.
But, will still be holding.
It's all a personal choice as it always has been and it's about what's lost already, it's gone, it's not coming back, especially for those who bought, in my mind anything in double figures, you have sadly lost undoubtedly a fortune.
So, with those unrecoverable losses, do you duck out now with small, very small scraps, or see what materialises?
What is the future value of Hurricane. Where's it going, what CAN it achieve?
The 64million dollar question. If we knew that today, we could make an informed decision about our next move, never mind CAs.
95% of the new shares, not current ones?
LSE does go down sometimes, question is, is it for a particular reason-or a tech glitch?
A propose the latter.
Count me in...6...7....8
Perhaps the money is invested in a 3rd well campaign...
Adouble, the new one.
Hurricane as it stands now with the current board simply are being ostriches.
Adouble, just my theory, but the evidence for Hurricane looking like fools, it's everywhere.
Or, Dr.T was right, now he offers his knowledge to CA with his research and Hurricane are battling to fight against this as they would look like fools, But, it's too late for that. Who are you going to believe... We need a report on why Dr.Ts report was so horrifically wrong. There has been no explanation, which has lead us to believe he was lying all along, to line his pockets and probably a few others more. That is a crime so why are Hurricane not filing charges, unless of course there's a rational explanation as to why he was wrong, then please let's hear it.
I'm lost as too how much we gave been told, was there mention of drilling depths?
Back to CA, if Hurricane is on limited time now, it doesn't matter really to Hurr what CA do, which will be anything and everything to convince the market there is oil and attack Hurr. They could well have averaged down and will be looking to minimise their losses. Hurr won't care as they know how it will end.
Which ever way look at it, something is hanously amiss.
I liked the link yesterday by the way, 10 signs a company has been acquired. That read like this story. Had the deal been done a long time ago already?
I'm sticking with this story for a bit longer.
Wanted to view this report, it was noted in their RNS, now it's published, it will be interesting to see how it compares to their data. Will they tell us...?
Planted
Elementary
Topcat
Tuxedo
Maverick
And others
Is there work here over?
The summary is still effective, but I do believe there are add ons in the report which have not yet been talked of, sandstone, gas, not read in detail...but exploration seems under way.
It's a lot of reading, that is for sure
The link...
https://www.hurricaneenergy.com/assets/reserves-and-resources
About Hurricane
Hurricane was established to discover, appraise and develop hydrocarbon resources associated with naturally fractured basement reservoirs. The Company's acreage is concentrated on the Rona Ridge, in the West of Shetland region of the UK Continental Shelf.
The Lancaster field (100% owned by Hurricane) is the UK's first producing basement field. Hurricane is pursuing a phased development of Lancaster, starting with an Early Production System consisting of two wells tied-back to the Aoka Mizu FPSO. Hydrocarbons were introduced to the FPSO system on 11 May 2019 and the first oil milestone was achieved on 4 June 2019.
In September 2018, Spirit Energy farmed-in to 50% of the Lincoln and Warwick assets, committing to a phased work programme targeting sanction of an initial stage of full field development.
So it would 'appear' someone is impersonating Maris to potentially gain inside information...maybe.
Someone desperate enough to find out what's happening or even trying to sabotage an event.
I
So what do you reckon it to be, I am genuinely asking as if you have worked it out before?
Bidds, you will know this as you corrected me before, can you post the CA sp rate for their Hurr shares, as it is at the moment, thank you