Member Info for legache

thanks, Jim!

I have never heard of KOS - what stage were theses assets at? Has anyone got a link to their numbers?

There's probably no read-across but it might be comforting to know. Cheer!

I've just looked over at the other place and there's a more lively conversation going on that we've had in ages! LOL

I'm not sure what charts you are looking at, but on most medium and long term periods, the trend looks absolutely horrific to me!

Disappointing to see the mini rise get sold into. However, the numbers weren't huge on both sides of the book. All you can hope is that whatever is going on in the background, it is value accretive for existing holders. For example, a raise at 1.5p would be pretty disastrous for those of us that have been holding for a while. If they do raise i would like to see it at a significant premium to today's prices.

A deal involving some cash to pay the leccy bill and free carry on would be farrrrrrrrr more preferential.

That's exactly the point I've been making. Thay may raise, but won't be happy if its on a wing and prayer of a deal, as they've had years and years to conclude something. The data room has been open more than once!

Blaming Hart for the current mess is like blaming your school teacher for the fact you're thick.

Nope, as some have said previously, its just been a rubbish strategy that will protect COC investors but not any that were in before.

Thanks, guys, I shall read and come back with some comments.

On a side note - the analyst, Ashley Kelty, looks like he's possessed. Those eyes!

If someone could share this note, for the non-clients amongst us, then it would be easier to actually answer that question!

Thats the risk here isn't it.

Let hope there is a sale. That's what i would like to see at this stage.

Thanks for your reply and i do tend to agree that the Peters won't want to raise down here either. My concern would be the dilution - the terms may be attractive, but the equity raise model only really works in a buoyant market with retail and institutional interest. How much of that we have i am not so sure. I have seen retail punter get shafted - take Saffron Energy, the shareholders got nothing when CORO reversed into them. Also, VAST - raise after raise... Experience has made me cautious.

Hamilton - what are your views re the potential of a raise and what level do you think it might occur at. Without a farm out i can see no other option. Its almost binary.

I would gobsmacked if they raise at this level. I have seen it before in other companies though...

Hope so, the patient seems dead.

the bid hasn't moved. still 16p.

My major concern given the size of my holding is liquidity. We need some more interest.

Is surely isn't a risk at these levels!

Sorry, i should have said, Rockhopper, not DES!

I think many have been too burnt to want to even look into going back in. Also, junior oil and gas for retail punters have been in the doldrums for years. Anyone else remember 2010 when DES hit oil at Sea Lion! Halcyon days.

Gone are the days when there were enough retail investors to make ramping "a thing". Nowadays, we're lucky if we're not talking to ourselves on the forums. In fact, Jim does!

I wonder why yesterday's thread about the Panmure got removed? Haven't seen much of this sort of thing on LSE before...