Member Info for mcadder

Picked up another 600k shares today on the drop...

I see that poor Alyhels can dish it out but doesn't like being on the receiving end of any posts! So Alyhels are you going to get anymore posts removed today?

Imagine those that sold out just before this was suspended. I can only imagine how many bags this will be upon relisting but it will be many times the closing price of 0.38 :)))

StockWizard Globe with meridians
@realstock100
20m ago
#COPL. New Essar website. 18 development well roadmap being worked on for OPL 226 Nigeria.
#AIM.#stocks.#investing.#stocktips.

https://essarenp.com/operations/nigeria

I echo your thoughts Alavib hence why I bought 1.2M over the course of today at an average of 2.42p. And will continue to add on any further weakness. I think there will either be a takeover here or a complete change of the BOD ( assisted by CA ) to propel this once and for all. Second option most likely in my view. The oil prices having nearly doubled from the $34 earlier last year have massively improved Hur's chances of getting themselves out of this mess and saving this company from ruin in light of the outstanding debt. We now have a chance with the right people sitting on the BOD to turn this around. The pile of cash continues to pile up and the stakeholders simply cannot ignore this. They also can't ignore that coming to an agreement that allows Hur to further develop the potential oil that CA also believe is there without the company going under into administration is in their interests and ours (not that they will really care about the shareholders). But if oil prices stay where they are or increase and they agree on a development plan to boost production then there is still hope.

Fully agree there Topcat and have just added another 675k....

"pages 11 & 12"

Hmmm that is interesting indeed.

Well I've bought back in with an initial 603k shares with a view to adding more

Am thinking of buying back in here. Despite the shenanigans with the CPR and everything else which is putting it mildly can anyone shed any light as to why CA seem so confident and now hold 14%?
Or is it just a punt as far as they are concerned?

Great post Cliff I had a good chuckle at that!

This has takeover written all over it especially with them dragging out the discussions with stakeholders for months and months and higher oil prices. Conservative 5-6p low ball offer I reckon meanwhile the cash pile keeps building!

2 updates - financials and drilling. Great progress on drilling so far excellent

You also have potential for this to materialise folks -

From 10th Dec RNS re LOI for Windfarm Development vessels

"Once contracted, each vessel would be expected to generate revenues for Harland & Wolff of between £340 million and £360 million over the 24-30 month period of fabrication, followed by additional revenues if further through-life support contracts are secured. Whilst both parties intend on executing a contract to build the vessels by the end of June 2021, it should be noted that this LoI currently does not provide for any binding obligations on either party at this point"

You sold out recently at 0.09?
The last time the SP was that low was July 2020 for a brief time, some 9 months ago. Hardly recent and a lot has happened since then. If you had just held since that time you'd be nearly 250% up!

BUSINESS NEWS
Hunger Games: DPR and the chase for signature bonuses
The DPR’s approach is akin to eating your broth while it is cooking and then burning your tongue in the process, rather than waiting till it is cooked.
24th April 2011

In March 2021, the Department of Petroleum Resources (DPR) announced the provisional award of licenses for 57 marginal fields in the 2020 marginal fields licensing rounds to 161 indigenous oil companies. While the selected companies are yet to be publicly announced, the DPR has written a series of letters to them, the most recent of which requested payment of the signature bonuses within a 45-day period.

According to Sarki Auwalu, the DPR Director, “We expect Nigeria to net $500 million from the signature bonuses on the fields.” However, projections from observers estimate the country could realize as much as $1.14 billion from the signature bonuses alone.

The DPR chase of the provisional awardees for swift payment of signature bonuses is revealing. When the bid rounds launched last year (the first in almost 20 years) with a 3,300% increase from what was paid as signature bonuses in the 2003/2004 rounds even in the heart of the pandemic, it was clear the DPR’s focus was shoring up as much financial gains from the fields as possible – perhaps not fiendish if long-term interests rather than immediate gains were prioritized.

Copper prices post highest finish in more than 9 years
Published: April 23, 2021 at 1:44 p.m. ET
By Myra P. Saefong
Infrastructure plans, green-energy push provide bullish backdrop for industrial metal.
Copper futures scored a third-straight weekly gain on Friday to notch their highest finish in more than nine years, with the Biden administration’s plans to improve U.S. infrastructure and growth in renewable energy feeding expectations of higher demand for the industrial metal.
The push for green energy, on the second day of President Joe Biden’s summit on climate Friday, has provided support for copper, which “plays a big roll” in renewable energy given its “conductivity qualities,” said John Caruso, senior asset manager at RJO Futures
Biden’s $2.3 trillion proposed infrastructure package, meanwhile, has also raised expectations for copper demand, he told MarketWatch.
Meanwhile, “we have not seen an investment in new copper supply over the past few years, which means users have been competing for the relatively scarce supplies of copper, leaving price as the arbiter of who receives this supply,” Haworth said. “Mine development is a long-term activity, leaving us with a tight market for some time.”
The increase in U.S. housing demand and home building has also increased demand for copper, given that it’s a major component in home building, he said.

The Express

Boris handed Brexit trade masterplan: PM told freeports can make UK ‘maritime superpower’

By CIARAN MCGRATH
PUBLISHED: 10:00, Sat, Apr 24, 2021

As an island nation, maritime had always been a huge part of the UK’s “national story”, Mr Murray stressed.
He explained: “With freeports, the government’s upcoming National Shipbuilding Strategy refresh and ambitious climate targets, we can look to the sea for our future prosperity and environmental sustainability.
“And with maritime being the lowest carbon way of moving goods, let’s get freight off roads and rail, and onto our waters.”

And I'll say things like, "this is massive" and "another ggp in the making" haha

Can ya hear them drills turning? Getting louder.....lol

This will re-rate as the drilling progresses and we start to see some results coming back patience is key here.
I think Alyhels has been put on the naughty step lol

Why engage? ...... cos there's nothing else to do right now!

Campaigners demand built-in-Britain guarantee over £1.5bn naval supply ships
EXCLUSIVE: The long-running row over the Fleet Solid Support vessels has taken another twist following a written parliamentary answer from a Defence Minister

BY BEN GLAZE
21:00, 20 APR 2021

Campaigners tonight piled fresh pressure on ministers over a £1.5billion deal for three naval supply ships.
Defence Secretary Ben Wallace ruled last year that the Fleet Solid Support vessels would be warships – meaning the Government could award the bumper contract to a British yard without having to offer it to international rivals.
However, ministers are refusing to say the contract will be a “UK-tender only” – meaning foreign firms could be involved in building British warships.
In a written Parliamentary answer last week, Defence Minister Jeremy Quin signalled overseas companies could benefit from the deal.
“The detailed contract requirements are yet to be published but we would expect substantial UK involvement in any successful bid,” he said.
“We would encourage interested international partners to work with UK firms to bid”.
The revelation triggered fresh dismay among unions and MPs who believe British workers should benefit from the lucrative order.

Former Defence Minister Kevan Jones, who chairs Parliament's cross-party group on shipbuilding, told the Mirror: “For something as important as warship design and construction, the Government must ensure this is a UK-only tender.
“It is time for the Government to support UK shipbuilding and offer yards and supply chains the assurances they need to invest in skills and apprenticeships for the future.”
The 40,000-tonne Royal Fleet Auxiliary vessels will resupply Royal Navy warships, including the £6.2bn Queen Elizabeth-class aircraft carriers, with food, ammunition and explosives.