Member Info for LivintheDream

Full cooperation with the SFO and a top team of lawyers should see any penalty reduced. Glencore are the top of the tree in these types of investigations, and so are the main target for the prosecutors, but this where the expensive lawyers will earn their money. Look how the lawyers of starbucks, amazon, facebook, etc, who paid a pittance of UK tax, and the facebook cambridge analyitical scandal negotiated minimal penalities for those companies, hopefully, it will be the same here!!!!

I saw on the glencore news icon on this site, that the petrobras oil bribery investigation started in 2014 and charges on individuals and companies were issued from 2018 and the investigation is still ongoing.....so, as you said it could be a while yet

Also, does anyone have any idea when/if charges will be issued concerning the ongoing corruption charges in the US and by the SFO in the UK, I believe this is a drag on the SP and until these matters are cleared/complete, long term investors will wait on the sidelines, and share will be traded between 166 to 188.

Taken from the half year report, net debt levels should be reduced from $19.7B to within the target range of between $10 to $16B by the end of 2020, this was one of the reasons for cancelling the dividends in 2020 to pay down the debt pile. This will be an indicator of any forthcoming dividends in 2021. The recent rise in coal prices will also help the case for the dividends to reinstated.

Sold today at a 75% loss....time to build a podition in cash ready for the next covid crash...everyone said that next RNS will be critical...but an early warning of resource downgrade did it for me... Hur can never sustain a rise even after good news (9.8k bpd at LC and the share price fell that day....recent increase to 17k bpd and the sp falls a few days later), and if RNS's like these can't lift the SP nothing will.
The new CEO joined in Dec 2019 as non ex dir and still hasn't purchased any shares - that tells it all.
Spirt Energy have not commited to the the GWA..
Water cut is still an issue....
Should a second wave of covid materialise...demand for oil will tank again..
This share has been vunerable for about 8 months now and it keeps taking a kicking and i don't see any good news coming soon.
To many negatives for me and the downgraded resources warning was the last straw....the technical review will be completed and the company will be marketed for sale to be broken up/asset stripped or sold off cheaply

Really hope i'm wrong for remaining holders

Dtn...my comment in building a cash position was as an individual and not referring to glencore, but having read my message again, I did construct the post rather poorly, no confusion intended....

Correct decision to cancel divi imo.
Covid cases rising in europe and if the second wave comes through like government is expecting, glen will be better prepared than most...time to build a cash position for future opportunities ...also it wouldn't look clever to the SFO and other investigators throwing $2.6 billion around in divis...i would expect any potential fines to be smaller than if the divi had been paid...

updated yesterday...new content added as below...another delay to project sanction....

The Platypus development is continuing the Define Stage of the Project and will assess the viability of progressing to a final investment decision recognising the challenges posed by the Coronavirus pandemic and future gas price forecasts. In light of this we will be re-engaging with the supply chain prior to the end of Q3 2020, in order to understand the viability of sanctioning the project in mid 2021

General upbeat report, but aren't they all, as expected really but a bit worrying that net debt has increased when i thought the defered H1 divi payment was going to be used to ensure its current credit rating, and reduce the debt pile,

Agree with pfen - would expect tomorrows drop in production numbers to be similar to AAL, but could see better financials next week due to Glencores trading division, but unfortunately, the low coal price will overide any recent lift in copper prices, could be a buying opportunity tomorrow???? That £2 maybe a little further away but it will come....i am not that bothered about the divi yet....would rather divi is reinstated at the full 10 cents in 12 months time, than cut 50% and paid now...

I hadn't done the maths on volume of stock being dumped, and just noted the pattern of constant sells, but the sp never dropped, so maybe most of the stock was picked up. anyway, with no ii's currently on board, pressumably, the only investors left are the BOD, loyal TC followers from Dana and private investors like myself, who thought it seemed a good buy. I can't see any of the above selling out, so we just need some positive news, perth, platypus, and the sp should move quickly up, even on small volumes.
Note, a few years ago when FIL sold out and the sp sank, shortly after the sp recovered quickly, but that was at the same time that nexan approached pmg concerning the scott platform...we just need an update...

I previously commented on 2nd may that someone was dumping large amounts of stock an this continued up until last week, with only a couple of large buys to offset the dumping... More or less everyday 30k of stock was being dumped somtimes as 2 x trades, within seconds of each trade.....perhaps this was cavendish....
Difficult to see how the sp will be lifted if no one is buying and the management reluctance to issue an update on any progress, which has been major and significant according to the last financials....

On what grounds would the OGA not approve the Field Determination plan to tie LC to the AM, do long as the application meets with the required criteria, it is in the interests of the OGA to approve the application.

With the SP lagging the price of copper, and copper prices now higher than pre-covid, and hopefully continuing to rise on supply disruption in latin america, the half year report in August could give us some decent numbers, the reinstatement of the dividend for next year, and then the SP should catch up.

The share price in the US has followed the general market pattern, no significant drop (only about 2%), disappointed not to have finished the week higher with news of the Tesla tie-up

My guess would be the persistent large sells that have been going on for a few weeks and investors won't touch this until positive news is announced, why invest here today an miss out on the current market rise with all other stocks! Every dog has its day, even mongrels, patience!!!

LONGWAIT - my initial investment in HUR was in april in 2016, then top up after the dilution and another top up at 20p. I have a few slow burners in energy and mining stocks an even worse, 1x pharma stock, so I've learned to be patient, and will continue to do so. I still believe in HUR, but they will need to carry out a more drills to prove the resource before the market values it correctly. For me, the current share price is immaterial unless I need to sell, which I don't, i just need to be patient and ignore the trolls. I would expect the sp to reach its correct value upon a takeover bid in about 4 years time, when oil should be higher, and the aviation sector back to normal. At least the current low price of oil/petrol may slow the mass migration to EV's, prolonging the combustion engine.

new poster here, but LTH (since 13p and topped up at 29p), I have held HUR for several years now and followed this BB through the exploration drilling, dilution, corporate governance, issues and with ropes, water, etc and now missed production targets!!! with regard to the debate on reworking the problem well or drilling well 8, i have reread the operational RNS dated 27th April, and towards the end of the RNS (after all the positive headlines) under Lancaster EPS, the RNS contains the following comment - whilst the wells show high performance individually, their proximity, and associated interference behaviour, requires further data acquisition before the Company can be confident about optimum long-term well rates.
whilst the wells show high performance individually, their proximity, and associated interference behaviour, requires further data acquisition before the Company can be confident about optimum long-term well rates.

so i am assuming that they have tried to sort the issue for 3 weeks without any success, hence the RNS last friday. Surely there is more value in drilling a new well, than wasting precious time/money reworking the existing one!!!

sadly, it will be years till we see any kind of value/worth for HUR until the resource volume is proved to be commercially viable, as this is still a development project in its early stages.

apologies if this information from the RNS dated 27th has already been circulated, but I've not read every post since the SP tanked.

I see on the BBC this morning , the french government are pumping €8 billion euros to the french car industry including 7k for an ev purchase. Everyone is seemingly rushing to be the main player in ev technology!!!

Maybe Tom's going to add some windmills to the Scott platform!!!
I suppose that if they aren't looking for additional support from the supply chain, it implies that the scott platform is still the chosen route!!!!
Also, despite losing interest in Pmg, but still holding I see that someone dumped 3 lots of 50k shares last week, hope this is not a trend that continues!!!!