Member Info for LONGWAIT

Yes, Biffa.

I think it could happen something like what you speculate.

I do hope so, because I really don't want to be reading posts like, ' The share price is only in the 40s because of the need to raise all that cash for the GWA FFD; you're wrong about the price being the same as it was at flotation - there are X times as many shares in issue now; if GWA dries up, the SP could fall to 25p.'

The SP is still being manipulated

JOG is down

Mon 14:21
Looks Like
Permission to be denied so no cash from apec the Bronze and his Team a total joke.
(Rangers4)

Thanks, Nostradamus

Oil slumps 5% to 7-month low on trade tensions, surprise US stock build
(The Economic Times - one day ago)

Oil tumbles into a bear market as recession fears rage
(Business Insider - 21 hours ago)

Oil jumps on expectations that producers may cut supply after slump
(CNBC.com - 16 hours ago)

Take your pick!

Last time I checked, the offer price was still 6.8 p and I was wondering whether it had bottomed.

'The SOU BOD know that no offer for the company are on the table nor likely to be made in the near future.'

It is possible that no offer for the company will be made in the near future.
As the deadline has not yet been reached, why would any offers be 'on the table'?
Since more than ten companies are showing interest in the sale, how could the SOU BOD 'know' that no offer is 'likely to be made'?

As I posted yesterday, Cenkos Securities think that PVR will find a way of going ahead with Barryroe even if the finance from APEC never arrives.

What that would do to the share price in the short term is anyone's guess, and one wonders how much dilution would result, but provided Barryroe is developed, and possibly the two lower layers, everything should work out in the end, with Newgrange, South Dunquin and Avalon to follow.

But with PVR, it's never easy.

You really think the major shareholders would accept an offer of 150p per share?

And you think someone might make such an offer even though we're 'ten years too late'?

We're all worried and I myself raised questions about the cash position, but if it turns out that PVR are not finished and Barryroe produces oil, will we be hearing from you again, Freddie?

I beg to differ, Maldini: at the time of the emails, we knew that no offers had been received and since it seems unlikely that that information would be given a few days before the deadline, we can assume that no offers have been received.

I agree with SG that if the information was price-sensitive, it seems to be a closely-guarded secret!

'It seems all of the fun has been taken out of this share.'
That's what was wrong with it.
An investment should be satisfying, not exciting.
Most people on AIM are looking for excitement.
Take JOG, for example.
When I and a handful of others were investing in the 50s and 60s, the BB was almost uninhabited.
Suddenly, the price breached 200p and there were hundreds of posts in one day, with incredible excited and predictions of '300p by the end of today' and '400p tomorrow.'
The price then stalled in the low 200s and all those posters disappeared.

Whatever Thatcher may have thought in private, she treated a pro-democracy woman campaigner with contempt, telling her that almost everyone in Hong Kong was happy about the coming Chinese takeover and, 'You may be the solitary exception,' when the woman asked her for support.

You mean that APEC in effect wrote a cheque in the knowledge that it would bounce?

What would be the point of that?

As I've said several times, my last purchase was for 24.5 p.
That was following a cash raise at 32p.
Since HUR now has income, no such acts of desperation will be necessary - as long as Lancaster flows.
A collapse in oil prices, accompanied by a stock market crash, could send us back to 24 p (I shudder to imagine) but if Lincoln is a success, the share price will be even more undervalued than it is.

Ah-hah!

So you too think HUR is oversold, Double?

The question in my mind is: why doesn't HSBC think it's time up?
Why doesn't it simply reject the transfer because of lack of information provided by APEC(which is what some posters think is the cause of the delay)?
Maybe the explanation is that the Chinese authorities are the ones holding up the transfer, as speculated today.

Oil explorer Providence Resources, whose cash levels have slumped 80 per cent to $1.45 million (€1.3 million) so far this year, may need to sell shares or raise debt to progress its key Barryroe oil project off the Cork coast if the Chinese backer of venture fails to deliver initial funds, according to the company’s UK broker.
James McCormack, an analyst with Providence’s UK broker Cenkos Securities, said in a note to clients on Tuesday that Providence is likely to seek to proceed with a site survey of Barryroe so that the project is “drill ready”, even if finance from Chinese firm APEC, which took a 50 per cent stake in the project last year, is not forthcoming.

Funding need

“Without the APEC funding, we believe Providence (and Lansdowne) will still proceed with the Barryroe site survey so that Barryroe is ‘drill ready’,” Mr McCormack said. “To finance this, the company will need to raise funds either via debt or equity”.
Providence has raised $200 million (€178 million) in share sales in the past six years, including $70 million in an emergency equity raise in 2016, some of which was used to cover bill following a dispute with offshore drilling company Transocean. Its market value is currently less than €47 million.
“In lieu of the continued delays from the $10 million loan advance from APEC and the well-site consent [from the Irish Government], we have increased our risking of the Barryroe project,” Mr McCormack said.
Mr McCormack said he sees the timeline for the survey to slip from the third quarter into the final three months of 2019, with drilling itself likely to drift into 2020.

https://www.irishtimes.com/business/energy-and-resources/providence-may-need-to-sell-shares-if-barryroe-funds-not-received-broker-says-1.3978436

'there is no reason for panic just yet.'

Well, it seems someone has panicked - either shareholders or market makers.

I don't think Drachma is in circulation any more / yet.