Member Info for LONGWAIT

Another conspiracy theory...

You didn't mention Bitcoin's NAV, Dickupham.

I'm sick of hearing of backstops too.
How can a backstop mean both a deadline and a border?
I rank it with that other idiotic word, lockdown, and refuse to use either.
PVR have extended their deadline, but in reality it isn't a deadline either, because real deadlines can't be extended.
We still don't know why the payment has not cleared or whether it ever will.

You took the words right out of my beak, JTF.

You're definitely getting carried away, Beer belly, and beginning to sound like a ramper.

Remember, you're supposed to talk about all the things that could go wrong, e.g. all the oil drying up, or even if it does dry up, no one will want it any more, or even if they still want it, the price will go so low because of Trump that it won't be worth extracting it any more, and even if none of these things happen, the share price will collapse in a stock market crash.

I've had plenty of practice on SOU, where posters claim that the gas found and independently valued doesn't actually exist.

I'm sorry, Scarf, but you've lost me there.
How many noses exactly has Parsons got?
And ducks have noses of a kind, but they are actually beaks.
If he is consulting the ducks, maybe he's going quackers.

I forgot to mention that trying to wash the fritters down with copious quantities of Roman vinegar didn't help his liver, either.

Spartacus didn't die by crucifixion, as in the movie.

He died of complications resulting from an overload of spam fritters, during his time as a gladiator.

Let's say they value TE-5 at the bottom of the 19-27p per share valuation and apply a 50 percent discount to S/O's remaining valuation of about 75p per share.

That would give 56.5p per share.

A similar percentage premium would equate to about the 50p price for SOU I mentioned before.

Can you recall how highly Ithaca had been before it fell to 20p (assuming it had fallen)?

Do you know any examples of a company offering for sale an area twice the size of Qatar, in which commercial gas had already been found, and investors asserting that it was worth next-to-nothing?

100p per share would be a premium of 1150 percent, not 1400 percent.
However, I don't think S/O was predicting an offer that high; he was giving his estimate of SOU's valuation.
50p per share would be a premium of 525 percent.
Usually, a takeover results in a premium of less than 100 percent.
Do you imagine that companies will tell Rothschild's: 'We can't offer more than 16p per share because it would look excessive'?

TOR told the Independent about having to arrange alternative financing, but didn't specify a date this time.

I agree, Aquason.

I didn't actually take the stuff about not being able to survive beyond August at face value, but what was the purpose of it?

On 1o August, S/O, you wrote:

' I took our NPV10 for the Horst and then applied acknowledged broker calculations (on other O&G companies) to our appraisal and exploration assets (including Sidi). It's just coincidence, but my calculations are just over £1 on the very limited data we have. '

If your estimate of 100p includes Sidi, how much is your estimate for Tendrara alone?

If it's true that more than ten companies have shown interest in Tendrara , then we can reasonably assume that they realise that Tendrara has not been offered for sale so that JP can recommend to shareholders a sale at 7.5p per share.

I think one can reasonably deduce that there would be no point in their having any discussions at all, unless they were prepared to make a reasonable offer if they make an offer at all.

So if I'm right and more than ten companies are considering making an offer of X x 10p per share, then there is a good chance that at least one of them will.

If, say, an offer of 40p per share were made, we will get loads of derisory posts about JP having been proven a charlatan, ridicule of his four-figure predictions, gherkins etc., but those people who predicted 5-10p per share may not look so clever, either.

Oh!
My apologies.
I've just realized that SIPP has already identified the four-lettered word.
I really put my foot in it.

I think 'roam' is the word that SIPP was looking for, Double.

I know PVR have said they can last till the end of August, but what are they going to do?
If they can't last beyond the end of August, what is the point of waiting till the end of August?
Do they have a contingency plan?
If the money doesn't arrive by the end of the month, will they make alternate arrangements and what if the money then arrives?

How much longer can PVR afford (financially) to wait?