Member Info for LONGWAIT

I think if you read in between the lines of the RNS, PVR suspect that APEC have deliberately held up clearance of the funds.

The repeated backstops have served to strengthen PVR's claim that it will be APEC, and not PVR, who can be deemed to have breached the contract in the event that PVR looks for funding or a farm out elsewhere.

I also wonder whether APEC's failure to cancel the transfer stems from the same reason.

If Jeffrey Archer had written a novel about a country with a mountain of debt, facing further economic turmoil because of an argument with a neighboring country, making no effort to get masses of valuable oil out of the ground, and leaving it in the hands of a Chinese company which can't get its cheques to clear the banking system here, no publisher would have accepted it.

Sorry.

My last post was addressed to Fexit.

If you're proven wrong, will we ever hear from you again?

Yes, BB, I knew that BB normally means Bulletin Board, but didn't realise you were joking when you mentioned Parliament.
I haven't been reading all the posts, so I don't know how the story broke.
After all, if Double had been banned, he could hardly have 'RNSd' us all here to announce his ban.

I don't know what BB stands for.

I can't imagine what Double could have done in the House of Lords to warrant suspension ...
unless he was playing poker there during a late-night session ...

I don't disagree with you, Cebo, that the price could fail to low 30s, but it's possible that HUR could be making 30p per share per year in terms of revenue in a few years' time.

A P/E ratio of one is unusual.

The price is now below where it was immediately before the Irish Government quashed the bill that could have ruined EOG's prospects.
The market seems to be saying that in spite of that, it doesn't believe any deal will be done.
Typical AIM.

That's far-fetched.
In accordance with the O'Reilly Jinx, the stash would be devoured by sharks and O'Reilly and the dinghy would make it back, with an RNS declaring truthfully that investors in AIM stocks are at the mercy of sharks.

'Whilst the implementation of the site survey is subject to the receipt of funding from APEC or alternative financing arrangements being put in place, the Company has agreed payment of the contractual mobilization fee to ensure that the contracted vessel can mobilise to Ireland. '

There is no reason to think that the money has arrived.

Don't you think 'Keep your fez on ...' would have been more appropriate?

I too wish Crude a speedy recovery.
I think I had sciatica when in my twenties, but it went away after two weeks.
Being a SOU shareholder can't help.

I agree, especially as one of the reasons for the inclusion of Chariot Oil is that it is at a discount to cash.

Sick squid?
Cod almighty!
In my opinion, LSE is the sole plaice for making outrageous predictions about share prices.
And now, I must go.
All this speculation seems decidedly fishy to me and has given me a haddock.

Ahah!
Those are not depressives on SOU; they are already certifiable.
But I agree with you about the O'Reilly Jinx.

Your interpretation of ship movements is interesting, ps.

Mamms' view is that PVR will be filing for bankruptcy at just about the same time as the ship arrives.

That would be amazing timing.

He certainly knows something, Manyana: if Barryroe is developed, the shares will fly - and that's without the benefit of the two deeper layers and possible success at Newgrange or Dunquin South.

What he can't know is whether this cheque is going to be cleared.

I believe Goldman Sachs have about five percent too.

SOU - where posters have been predicting Armageddon for some time now - recently raised $3m, just to show it could raise money if it needs to.
I don't see why PVR couldn't find a way too.

If the Chinese Government is holding up completion of the transfer, then I wonder whether it's a one-off or whether they are going to do this with all future transfers to PVR (assuming the first one is ever completed).

I am used to predictions of bankruptcy - they seem to be the 'default option' of LSE posters.

I'm sure we haven't been misinformed.
If the transfer is completed, the price should double.
If PVR has to look elsewhere, it could halve.
At least that should make it easy to raise money.
Provided the money can be raised, one way or another, the price will recover.

I think if PVR were that desperate, they would have raised a small amount by now.

I think the desperation suggested by that RNS may have contributed to the fall in the share price.

You mean you can actually identify the individual who was solely responsible for the price rise?