Member Info for maqsood7

Lol.

NGR1616, stop ramping mate.
This is not going to £0.50.
Yes between £0.05-£0.10 is possible.

equal to 1.48p??.

what is next here??
court hearing on 21st.
court can not force us to pay the bond holders right now because we are still 1 year away from maturity dates!!
so court will not sanction the restructuring as we live in democracy and owners of the company(share holders) are ready to pay when the payment dates arrives.

after court hearing what is next??
THE BIG DAY WHEN WE WILL BE KICKING THE BOD OUT!!
new BOD will arrive!
negotiation will start with bond holders!
if bond holders agreed for extension then fine if not we will have to arrange the remaining 30-40mil (230topay-(120cash in hand+profit made in 2021)).
with oil is above pre pandemic levels right now and 10kbopd producing we will have plenty options for that cash arrangements.
aimo.

that is some really healthy figures for the profit!!

Lets say oil averaging 65usd.
Then our revenue will be 237mil at 10kbopd.
And profit could be 100mil plus if lifting costs are say 35usd??!!
Plus we already got 120mil cash in hand,means one year is enough to repay bond holders!!
And 6months more to have money to increase production.
Means end 2021 we will have enough cash to pay bond holders,with current oil prices and current production rate!!!??imo.

In last voting 604mil voted against.
Means 30% plus voted against and just 6% was in favour!!??
We are much more confident that all resolutions will be in our favour now as CA will be trying their best.

1) new BOD
2) oil above 70.
3) production stable.

All of above will be making this tiny mcap into 100s of mil mcap.

REMEMBER: PRE PANDEMIC,OIL WAS TRADING BETWEEN 60-65usd AND WE ARE TRADING ABOVE THAT LEVEL!!
Dyor. Good time ahead.
Spread is bigger and we know that ask keep going higher.

Poly4rat.
Is there any company where there is no risk associated??
There is always risk with all the company(read the disclaimer).

First kick in the tooth by the shareholders was the rejection of restructuring which would have bring massive dilution here.
We will be kicking out the BOD too!!
And a new company will born here with brent above 70usd!!

We got 230mil to pay and we already got 120mil plus as of last December.
From December to may with oil above 60-65 might have bring some extra cash(10kbopd@30usd@150days=45mil usd at least- assuming lifting costs are 35usd)

SO IF A COMPANY MAKING AROUND 90MIL USD, CAN GO BUST?????????
WE CAN PAYBACK TO BOND HOLDERS WITHIN ONE YAER WITH ALREADY SITTING 120mil USD IN BANK!!!!!!!!!
Dyor

Multi bagger situation here.
Pieces have started to come together now.
Biggest problem sorted of restructuring,which is rejected by BIG MARGIN!!
Good luck to all holders and ignore the unwanted noise.
Dyor.

https://www.share-talk.com/iconic-doge-meme-nft-breaks-records-selling-for-roughly-4-million/#gs.3tlzzy

Future is really bright. Lets see when SP start reacting here.

REJECTED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
YES!!!!!!!

MMs pulled it back,we know which way and how far it will be going now!!!!
Buyers started piling in and ask is rising quickly!

Maybe after hours or monday.
In any case we will see gap up on Monday followed by some healthy rise later.

senseman thanks for the update mate!

and lets wait for the shareholders meeting to conclude and saying shareholders rejected the restructuring!!

hahaha, guys first they done bond holders meeting and which is obvious that bond holders will be voting in favour of the restructuring so it did gone through..

Now second meeting started which is for shareholders and which will not be going through because we got big shareholder standing on the way!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

wait for it, 2p plus is coming with that rejection!!! dyor.

hahahaha.
that was bond holders meeting which was obvious to pass mate!!
lets see the shareholders meeting results!!!!!!!!
which will be not going through!!
197mil was for our major shareholder who is bond holder too!!
CA alone can block this restructuring!!!!

if oil is stable around 70usd and producing 11kbopd will take only one year to pay off 230mil to bond holders,as we are already sitting with 130mil!!!! dyor............

MKH, 2p plus with positive news.
but will rise more in coming days!!
bring on the good news!

2p on the way???????!!!!!!!