Member Info for Medjed

If there really is a billion barrels of oil down there I am sure someone will find a way to recover it.

COPL was making $11 profit per barrel.

Oil is being recovered from shale sands ffs at a loss in some cases. There is a huge appetite for oil!

unwise owl,

go back to matd board. some investors are invested in both. dont **** off any allies.

truly wise owl keep mouth shut

That’s a great point!

And also how/why did Kravitz allow this rns to be published?

“ the claims of the secured and unsecured creditors which then stood in excess of US$130 million”

Interesting statement. Why mention the unsecured creditors they are irrelevant (to him)?

Also doesn’t that include the shareholders too?

So if $130m is to cover all, what proportion of that are secured creditors which must be covered?

What a totally $hit rns devoid of any useful information.

Neil don’t be jealous. If you missed out tough luck. Don’t start de-ramping out of jealousy.

You got HE1 right, cant get them all right.

Be happy for others

Good question! Although as we just saw with Currys the SP only jumped to bid level on the day the bid RNS landed, even though it was an unacceptable lowall offer.

“Always do your own research and never listen to people trying to de-ramp the stock”

I mostly agree, but do listen to people posting genuine information even if it is negative, and always verify what they are saying.

Its not all black & white, ramp or deramp.

Listening to the negative posters too and verifying their claims saved me a lot of money and helped me identify some of the true bottom of the barrel stocks like VAST, VRS, WBI, BOIL etc. All of those are much much lower than when I started watching them.

Don’t listen to me! I was just joking.

I was going to say as a safer strategy sell your original investment and let your profit ride but at £192 its hardly worth it lol

Lol dean you are a funny one. If you think its going down sell now!

Why 35p? it may never go up from here!

;)

I know hes only got 26% as far as we know.

What I’m getting at is if he crossed 30% its not optional to offer for the remaining shares it is mandatory.

Although I’m sure the rules are so convoluted someone will tell me there is some kind of get out clause even if he crosses 30%

But he is acquiring the company.

From burges-salmon website:

“ Requirement for a mandatory offer: Where a bidder is interested in shares carrying 30% or more of the target's voting share rights, the bidder must make a bid or offer to the remaining shareholders a buy-out of all the minority shares in the company.”

I don’t think its up to him. The FTSE takeover rule states if you cross 30% you have to make an offer for the remaining shares.

That’s my reading of the rule anyway, could be wrong.

That’s why, on another share I’m on a dodgy finance company is desperately avoiding crossing 30% to the extent they shifted 17% of shares to their COO.

That's what I meant to ask too. According to many professional sounding websites, the company carries on trading. Sure the SP would head back down to the teens (or lower?) but it wouldn't be a 'wipe out'

Completely disagree!

Shorting should be banned, it is gambling and unfair on investors.

Naked shorting is even worse yet it is legal in some countries. The SEC even encourage it.

Of course borrowing to buy shares should be banned too!

Why do you think UK house prices are so over inflated? Because it is easy to outbid someone by borrowing more! If you had to buy a house for cash or a minimal loan prices would soon reduce to what people can save up for. The current market is lunacy!

Will the City boys get it moving at 9am?

0.79 isn’t as thrilling as 1.11+ but I’d take it :)

makes sense why pay more if you don’t have to.

Ah ok, so on Monday his £1.11 purchase will be iver 12 months old

👍

Why will it be 0.79p on Monday?

The 30% rule is lowest price in the past 12 months on the chart I don’t see any dip to 0.79p in Feb 2023?

Unless it was a daily dip? Or a negotiated deal with JD back then for 0.79p?

The best resolution would be to sell the whole show to a major actually interested in producing oil.

How likely that is and at what price have no idea.

Wow did they just RNS that they increased their position by 2420 shares lol!

Seems a bit silly?