Member Info for Loon1962

stanley pro

some interesting points made

the fundamentals haven’t changed so we should see stabilisation and possibly a small recovery tomorrow

however we really need some more positive news to put ****e wednesday in the rear view mirror and to stage a real recovery

anyone any idea when the next update is due?

JMAX is obviously a short hence the tone of his posts

He’s entitled to his own opinion albeit right wrong exaggerated

It doesn’t really matter as it has no impact on the SP

As do any of our posts

What will be will be, however we do try and predict the future hence our positions

What is frustrating and concerning is the amount of negative news that circulated after hours

Some was irrelevant Ghana politics

Some scripted short BST note

Some regarding sale process

Some truthful news on a merger which TLW are silent on

The silence is my only concern

However we have to take the rough with the smooth and nothing has fundamentally changed

So we await the

refinancing conclusion

Kenya plan approval

Conclusion of sale of assets

Production and drilling updates

Oil price ascent

Plenty still to play for

Didn’t drop to 12p so we are still in a better position than 4 weeks ago

Persiantrader

That’s a relief

That’s a relief

Interesting watch

Flood the media with bad news

Appears to be working as lots going on

So they pay a 30% final and 10% annual coupon?

Just trying to figure out the cost of the 26 bonds

Negative spin on all figures and facts for eg

Didn’t realise that the 26 bonds were paying 30 % coupons . Thought it was 10 or maybe I just miss read

That’s a lot of effort for a short, must be in deep?

Interesting especially with oil prices rising again

Maybe their wishful thinking

What was their rationale ?

Hi All

been good to see the SP finally reacting to the flow of positive news.

No one could have foreseen the drop to 12p along with the string of events that led to the SP collapse, albeit some on here were correctly questioning RD and the lack of progress. The production failure I suppose being the last straw?

I have to admit I was getting extremely nervous at 12p. The only thing the kept me in was the director and other RNS buys which made me think something was cooking.

Constructive discussion is always welcome as it brings greater understanding and clarity however the sarcasm and negative unrelated comments are unwelcome as we are all here for the same reason, whether short or long, and what will be will be whether we are right or wrong.

The turning point for me was the Kenya sale which came so quickly, this must have been discussed and agreed with the key players prior to RD resignation along with the new strategy, which if it wasn't RD's idea, meant he had to go??

I remember doing a DMS many years ago - Strategic Management was so interesting, how are decisions really made, In the board room - No, they are only finalised there.

The plan is being executed with haste which is great and if approved by the Kenya Gov Bodies in June is even better.

I am sure Tullow will be involved with the development given their knowledge and experience of the project.

Focus on Ghana provides short term revenue at reduced debt, debt cost and operating cost, however production and OP will impact the SP.

Kenya provides some longer term revenue which would never be recoverable without the sale. Always set achievable goals otherwise you are setting up to fail. Kenya deal is great and unexpected.

Its a plan that can be built upon and improves the companies chances of survival, while it looks for other opportunities

I am waiting for the refinancing of the 26 bonds before I make any decision on selling or at least reducing my holdings to less stressful level.

Keep up the constructive discussion folks, there has been some real informative information amongst some of the banter

GLA - preferably the longs

Currently £54 up

Off down the pub to celebrate 🥳

Actually I took a £500 punt on them last Monday following receipt of some dividends

Rocking and rolling today

As well as Op and production to boot

What a load of Bllks JNrth

Not sure what my average is given the carnage of December January

Was around 35 but have since doubled down

Fingers Crossed for a jail break

Another snippet of good news

Long may it continue

There’s still a long way to go

Looking good so far today, Let’s hope it continues

Could be a turning point

JNth

Are you a Russian blogger

Appeasing Putin won’t work as he’s a thug just like Hitler who wasted a whole generation

His time will come

Hi xxjnr

Interesting post

Its sounds like utter incompetence under RD

I am amazed no questions were raised earlier about production progress and the drilling campaign

So we believe it’s there but Tlw cannot find it or deal with the extraction issues to increase production

Interestingly RD has been buying over a period of time- stake building

There have also been a couple of recent RNS on significant purchases

This is a positive sign- not a negative one

However we await patiently for the refinancing which will swing momentum significantly

Obviously positive news on production and OP will assist