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Because Cairn are interested in RKH.
I think the blue suggests good news.
Though another GS RNS
https://www.saipem.com/en/identity-and-vision/assets/castoro-sei
https://twitter.com/PremierOilplc/status/1273650078054584320?s=20
All in it together?
I have been pretty confident about this, since Sarah Gilbert was interviewed on the Marr show, some months ago.
To clarify, this is the correct short position, not the one given on this board.
https://shorttracker.co.uk/company/GB00B43G0577/
Asia Research & Capital Management Ltd 6.21% -10.48% 10 Jun 2020
They have reduced by 10.48% and their current short is now 6.21%.
Asia Research & Capital Management Ltd 6.21% -10.48% 10 Jun 2020
Whenever GS or MS RNS, involving loan out of shares and MS have just issued one, the share price starts to operate within a tight margin.
Manipulation that nobody so far has given a simple explanation for.
Where does the deal leave these likely lads?
Connor, Clark & Lunn Investment Management Ltd 1.17 -0.08% 8 Jan 2020
Whitebox Advisors LLC 0.75 -0.25% 7 Jan 2020
The fact that we have had to buy ARMC off.
It wrankles with me.
Manipulation continues to pay.
Loaning out 17 million shares!!!!!!!
Used to be based in the States the US of A
When these two start loaning thier shares out the share price remains static.
Manipulation!
Its GS and MS loaning out millions of shares so speculators can make a profit and GS and MS can cream off their take.
Premier reports that following the approval of the creditor schemes of arrangement required to implement the proposed UK North Sea Acquisitions, related funding arrangements and extension of the Group's credit facilities by the Court of Session in Edinburgh on 29 April 2020, the single dissenting party (Asia Research & Capital Management) has now lodged an appeal of the Court's judgment.
Premier notes that the Standby Underwriting Agreement entered into on 7 January 2020 in connection with the associated equity raise had an initial term of 120 days and therefore lapses today. Premier continues to work with its underwriters with the objective of entering into new underwriting arrangements if required once the outcome of the appeal process is known.
The Group will issue its Trading and Operations update for the period to the end of April on 13 May.
My take is they are loaning shares out so people can play around and try to make money.
I think this statement made recently as to engage with creditors means them.
I understand all the other creditors back PMO.
As per ARCM’s previous statements, we believe Premier Oil should be focusing on its cash flow position and protecting the balance sheet as a matter of priority. We encourage the Company to engage with its creditors to find a long-term solution which would significantly reduce leverage and provide a stable balance sheet, from which the Company could then prudently pursue growth opportunities.