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Seems to me the takeover is imminent, and the insiders are buying

Finally, we are there. Well deserved

Decent jump in the last few weeks, and this seems to be only a beginning

On top of this b/s, their affiliates have not paid for oil, thus resulting in a negative CFO. So another US$50 mn left the company

(Increase)/decrease in trade and other receivables (46,955)

This extract from their interim results is hilarious

In 1H 2017, advance payments for property, plant and equipment in the amount of US$224.7 million were made in relation to drilling of wells and construction of infield infrastructure under the Group's investment program for the years 2017-2021, which was approved by the Board of Directors and Extraordinary General Meeting of shareholders. These advance payments formed part of additions to property, plant and equipment and investing cash flows. The advances were made in order to secure the cost of drilling and construction works and services which provides greater confidence over the returns we are targeting from the investment program.

At least they have refinanced the loan from GBP, so no imminent insolvency here

Cockeye, just try to stick to the facts without explaining how your company's office in Kiev is doing:)

GDP dynamics, foreign currency reserves, hryvna exchange rate, inflation, budget deficit, financial aid from IMF, etc

Trying to evaluate the overall situation in Ukraine by what's going on in Kiev is the same as judging about Russia by visiting Moscow - plain wrong

I have no reasons for a propaganda. I am actually one of the losers of this situation, as are most of upper middle class people in Russia who are used to live a Western lifestyle. I don't need Crimea, I don't want a conflict in Eastern Ukraine, and I don't want Russia to be involved in any of these. But these are the current realities

Ant, I have seen many believers in small cap upstream assets in the past 15 years, 9 out of 10 suffered a lot not least because of their excessive optimism. RPO, EXI, VGAS, PTR, UEN, JKX, CAD, NOG, GKP, and many many more, you name it. Regal is a good example by itself)

The only real success story in the CIS among small caps has been Imperial Energy but that was 12 years ago. And for such a success story there dozens of failures and/or screwing up the minorities cases

Guys like you look at generally available numbers and do not really understand what is behind them. Not not mention lack of understanding of associated risks. Good luck, anyway)

Again, at 50p it will not be a cheap Ukrainian company. It will actually be one of the most expensive companies among CIS independents. And there are alternatives, which, in my will, will perform better in the next 12 months

Not to mention that holding US$250k in a single, non-liquid stock of a small cap company is too risky for my investment profile

Guys, don't be too optimistic on the potential bid. Today, US$200 mn is a hell lot of money in Ukraine, regardless of the future potential of the target

The country is devastated and situation is only becoming worse. If not for IMF grants, there would have most likely been a default

The bid is not impossible obviously but its chances are not as high as what would have been the case shall RPT assets be located somewhere else. And I personally don't believe in a bid higher than 60p

If this happens, it will be reflected in gas prices with a lag of several months Major Traders Are Talking About $100 Oil Again https://www.bloomberg.com/news/arti...e-return-of-100-oil-due-to-u-s-iran-sanctions

Great results, most impressive to me is that they increased cash by $6.8 mn in the last 2,5 months alone, which is $33 mn per annum

With reduced rent tax rates from 2019, coupled with even low rates on newly drilled wells, 2019 shall be fantasic

I think we will see 50p next week when bigger boys react to this news

Mcap - 18 mn pounds

128064, sure Cadogan: net cash - over $40 mn, mcap - £18 mn)) There are a dozen ways a majority shareholder gets excess cash out of the company without sharing it with the likes of you and me So cash by itself is great to have obviosly but not a king unless it us converted into a meaningful upside shared with all shareholders

In all honesty, RPT is the least undervalued stock today among its Ukrainian peers Look at what’s going with JKX and Cadogan. The latter has a negative EV after all On multiples side, RPT is not cheap. Again, by current Ukrainian metrics At 50p it will be more or less properly valued

Nickel Investors, it may also be insiders who are aware that something big, eg a takeover, is popping up

Buyes can be any or both of the oligarkhs or it can be funds who have seen an opportunity recently Not suprised there is a demand

For a number of days in a row volumes are pretty substantial, yesterday abd today - in excess of 1 mln shares per day I wonder who are the sellers and why are they selling?

Bloomberg says next reporting date is 24/09, i.e. Monday

Guys, Exxillon is a very vivid example of how things are done in this part of the world, you should be aware of such things when you abalyse other companies as well Khotin abd Klyachin are business partners for more than a decade. In total, they acquired 55% stake owning less than 30% each, thus avoiding a mandatory offer. They paid a huge premium for their combined stake, the competition was fierce, but screwed the minorities Since the acquisition, they have been squeezing cash out of the company. In 2017 alone, a shocking $300mn evaporated. They purchased an office building from Khotin for $100 mn and paid the rest to affiliated companies All major assets are now pledged under the loan from GPB. I think they will default and GPB will eventually take the assets for a fraction of their real value. The assets will then be somehow returned to Khotin, perhaps, indirectly This is disgusting

Fingers crossed, we see a decent update next week

Also, hopefully the oligarkhs will not screw up the minorities, as Exillon did, for instance

128064, I hope that interim results will by itself be sufficient to send the price towards 50p