Member Info for LONGWAIT

I just can't keep up with the terminology, Biffa: I didn't even know there's a Bareback Charter.

Anyway, it's quite clear to my freezer and me that HUR has too many barrels, too much free cash, too many shares, too many posters, too many comments, too much worrying and a severe shortage of freezers.

Completely typical AIM reaction.
AIM always finds an excuse to mark share prices down.
According to LSE, buys outnumber sells.
As I predicted, the share price didn't do what dozens of now-departed posters predicted would happen : soar.
The company is yet another absurdly-undervalued AIM stock.

I think your second sentence answered the question contained in your first sentence, FB (Fred Bloggs - not Fractured Basement).

Sub-30p if WW is a dud (that's Warwick West, not Wellwell).
Sub-20p if disaster strikes and production cannot rise to 20,000 bopd.
Sub-10p if we get the calamitous news that HUR has only 5 bboe instead of 10 bboe.
Sub-0p if RT faces the inevitable and returns to the drawing board in his garden shed.

Sub-30p if WW is a dud (that's Warwick West, now Wellwell).
Sub-20p if disaster strikes and production cannot rise to 20,000 bopd.
Sub-10p if we get the calamitous news that HUR has only 5 bboe instead of 10 bboe.
Sub-0p if RT faces the inevitable and returns to the drawing board in his garden shed.

What happened to the poster who predicted a share price of 2p?

'I think the only way Providence can switch to an alternative partner is if that partner agrees to do the job for the same price and terms. Otherwise you could end up in a very nasty court case.'

Please explain.
You mean it's like transferring the contract from APEC to someone else?
Do you know of any precedents?

Thanks, S/O.

That would mean anyone looking to accumulate shares to make a cheap bid would have an impossible task.

I doubt whether it would be possible for a potential bidder to accumulate 540 million shares.
If they tried to accumulate shares, the price would soar, and it's impossible to say how high it would go.
If they succeeded, they would have to buy SM as well as Tendrara.

'The mcap at present is £86M who on earth is going to pay 42p per share for what SOU currently has ??'
I have no idea, but it would be someone who values 'what SOU currently has' according to its true value and realises it would be impossible to buy Tendrara by buying SOU shares in the market.

If this really is a "Multi-Decades Opportunity" then any bid will have to be much higher than 100p per share.

We have posters predicting a bid of 42p per share, one saying that's delusional, and a case of suspected hyperspamoidism predicting 100p.

I hope that when the RNS comes, the ones who were wrong have the good grace to acknowledge the fact.

Even if it's only 42p per share, I hope the hypospamoidism cases who predicted 5p-10p will admit they got it badly wrong - if they're still around.

The institutional investors know that if PVR can clinch a deal to develop Barryroe, they will make a good profit - even the ones who invested at 25p.

The alternative is a 100 percent loss.

'O'Reilly was a victim of bad judgement...'
Don't you mean that WE, the shareholders, are victims of his bad judgment?
I did say, in my previous post, that he may have 'made a bad misjudgment' by going with APEC.
I'm not disagreeing with you.
The important thing is that someone more reliable than APEC can be brought in finally to develop Barryroe, even if it means a worse deal for PVR.
Then, hopefully, we will no longer be at the mercy of bad judgment.

Thanks for the link, Bullseye.

'O’Reilly has said that other would-be Barryroe partners have been making “overtures” to replace APEC.

But can investors rely on him to secure a deal that will finally allow Barryroe to deliver on its promise?'

If it's true about the overtures, that would explain PP and others being prepared to invest.
As I said, I think their offer(s) will be less favourable now that PVR is so obviously desperate, but any reasonable offer would be welcome.
My questions are: if there are companies interested in taking APEC's place, were they interested when TOR was negotiating with APEC? Did they make less favourable offers than APEC? Did TOR choose to go with AOEC because their offer was, on paper, better? If so, he made a bad misjudgment.

' someone will come up trumps for the right return...'

That means a less favourable (to PVR and LOGP) deal than the APEC one.
Can't say it would bother me that much, as long as Barryroe goes ahead.
If I were TOR, I would sign up to any reasonable offer - if one is made - and get this going.

I thought PVR made a small profit from Druid/Drombeg, Manyana.

Maybe the behavioural change has been caused by hypospamoidism - a spam-free or reduced-spam diet.

Or maybe, because it's Friday, too much spam, known as hyperspamoidism.

Thanks Anovas, but are you talking about how long PVR should hold on?

I'm asking about HSBC.

I don't think APEC can 'show up with the money,' sh8bs.
The only explanation that makes sense is that the sources of the funds are dodgy.
Why would that change?