Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
I’m still awaiting a response from HSBC will chase tomorrow
I’ve had payment into HL SIPP but nothing as yet in HSBC share account. I’ve chased with them and waiting for response.
The MMs are in charge. When they get an order for nearly 4m shares they have to find those shares, preferably at a lower price to make more money. They judged that holders would panic sell if price went down and they were right. They did very well. If they had put up the prices they could have made a loss. You shouldn’t be surprised.
Eric, if you look at last years fund raise at no point in 3 months following fund raise did the open market price fall to within even 20% of subscription price, so anyone buying during funraise could have made a profit, until end of year.
Don’t buy on open market, you’ll pay at least 20% more. Also BOD don’t need to buy the subscription, they’ll get rich on the new options. Lastly, what will happen if appeal result is announced during this process. If it is and positive for us, will get massively oversubscribed, if negative for us will flop.
Cannot subscribe through my HSBC account, so done it through my HL accounts. Seems the shortest route to getting back in profit on this share. If I have second thoughts Can always sell some shares at 0.75p and be in profit on the subscription.
I’ve also had nothing from HL yet
I agree with Kever 0.3-0.4 don’t forget it’s only for the 3 months to end June , other payments will be for 6 months at higher oil price
The case for grafintec looks compelling, so expect that to make the Strategic review a lot more straightforward. Biggest questions will be on the pathway for Kallak, I hope the 6 month review includes detailed discussions with possible partners. As for Kosovo , hope can salvage some of our outlays prob with sell off.
Thanks Kever
Do any of you know when the DCUs will become tradeable? And what is your guess/opinion on initial value?
It is actually good to see that this board are pretty unanimous in how we feel about recent events. We’re all in the same boat. I am not one bit surprised that the new CEO wants to take some time to better assess options and best way forward. If I was coming into a business where previous CEO had done a runner, I’d want to do same rather than assume previous plans were perfect. It is annoying that this has and will continue to affect the share price, because a very low share price could in itself limit the options. But if I was stating in august I’d want the lowest possible price for my share options, wouldn’t you.? However I even if that is the case he still has to believe in a positive future to gain any benefit.
Lbjj , I hope Kurt does not read this board, he’s CEO of our company and has far more pressing things to be getting on with, added to which he would learn nothing on here apart from the sad misguided state of a tiny proportion of his shareholders
Do we think this is being held back by talk of windfall tax on North Sea oil producers or is that only for the very big cos.