Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Wake up. They offer £87m while Hurricane has $200m on the accounts. They will get OUR cash first and let you and all the media re-posting news think that they put 250m from their own pocket.
Gazelleman, then CA will vote them to stay.
If only CA and Karogen will vote yes, then we need 300m shares voting NO per quick calculations. We don't need all 25%
302k please add
We need them be with us. Every 1% counts. Someone is accumulating since yesterday.
Only acceptable should be to return ALL unrestricted cash to shareholders before the sale occurs.
Let ne aay this again.
Only guaranteed amount to be paid by Prax is £87m. This will unlock the door to $200m+ held on Hurricane's accounts today.
Future payments are not guaranteed.
Agree.
Point 3 totally opposite to the Prax argument about needs of cash.
I can't believe that offer t&cs. Scam.
https://www.investegate.co.uk/hurricane-energy-plc--hur-/rns/recommended-acquisition-of-hurricane-energy-plc/202303160741041988T/
Search for "net free cash"
Only guaranteed amount to be paid by Prax is £87m. This will unlock the door to $200m+ held on Hurricane's accounts.
As at 28 February 2023, Hurricane had Net Free Cash of US$140.1 million, as well as US$60.7 million of cash and liquid investments within restricted funds, relating to decommissioning security arrangements and amounts set aside to cover potential early termination fees on the FPSO lease.
Restricted and non restricted cash. How much does the Hurricane really have?
Then the offer 250m advertised by all the media should have immediately changed title to the amount exceeding Hurricane's cash position.
Hurricane's BoD has no skills at all and that presentation sounds depressing. All about Prax.
Deal will help Prax.
Prax has no money to pay shareholders all cash so yeah lets take Hur for free for the benefit of Prax.
Thanks Sense. This is a mad deal.
Read this!
"· In the event that only the Firm Proceeds are received by Hurricane Shareholders, the Acquisition values the entire issued ordinary share capital of Hurricane at approximately £82.7 million, a discount of approximately 39 per cent. to the Closing Price per Hurricane Share of 6.80 pence on 1 November 2022, being the last Business Day prior to the announcement of the FSP."
All we can do.
Stupid conditions. Deal with friends?
Keep Hur as Hur and pay us in installments. Same time try to find a better offer.
I assume licence P2308 – Halifax does not belong to Hurricane any longer as it is not listing here
https://itportal.nstauthority.co.uk/information/licence_reports/offshorebylicence.html