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if 95% is worth 50mil then 5% is worth 2.6M, market cap should be 1/10th of where it currently is at par value
they cant buy them back it was in the bond commitments. though this was said 1000x
Im not a double acc but thanks for the notice.
I mean personally I always advocate helpful information being in reports it helps investors who are less informed of such lingo.
Also I agree that disclaimers and intended party arent unusual and they are there to protect them from litigation from non intended users?
Look I'm not defending either company for their progress and value ...was merely highlighting another in the industry, make of that what you will. Personally I quite like AB from enq. But I still can't wrap my head around the dog low prices in hurricane given the reality that its debt is turning more and more likely payable...
But i mean, putting it into perspective, enquest quotes its STOIIP figures at 100M for kraken, has 10x the debt of HUR and its SP is 16p.
Yeah slift, you're right there, i said 1C, my bad>.<
I mean the issue i have with this Alavib isnt necessarily the change in the reserves estimates or what CA think, although reserves are a big factor to what assets they have to develop... its their ability to push on and make things and so far they have missed the ball on that. missing the window for 2021 was a huge mistake imo, unless they are working to actively trash the SP.
Its from table 3.2 Lancaster field STOIIP Estimates?
Right so i read through the full CPR now and there is a lot to take in... but what i get from it is
90M 1C resources from lancaster (not attributable as a contingent resource) so based on the "Likely approval" from the OGA, doesnt that mean that resources are not that bad?
The summary CPR posed a bleaker picture because it shows only from the P7 well, am i right?
thoughts?
Cheers Bidds, glad you said that just read your prior post makes sense now.
On CAs site the monthly NAV update shows their average price per share going up from 6.6 in Feb to 10.2 in March.... but their holdings went up, any ideas why?
I can't see the sp change over the next year until that cash deficit is met... too many ifs and buts to account for.
So my opinion is hold if you've got a loss and don't buy in if you haven't... wait for something like a bond renewal or higher prices first , plenty of better things on the market imo.
it was also one of CAs highlights from there June statement suggesting Hur did buy back some of the CB at discount?
Can someone help me out?
As my understanding is that if all goes ahead to the redemption date in 2022, that the bonds are automatically converted to equity, so if Hur didnt Pay down any of its debt then the $230m would convert into equity?
So $230M in equity (at current dollar spot prices of 0.73:1) would be £170M approx.
So worst case would be a dilution of about 4 or 5:1 given current market cap if they didnt pay any of it down.
which would leave them with cash to divert boost their balance sheet through well developments etc.
But heres the thing, if they didnt pay it down all the way the company would essentially reduce its debt levels while having retained a large cash balance ...so wouldnt the SP have to rise to meet the now higher Book value, and then rise further due to the cash on hand?
Thoughts?
You're right fandg2 ... late night reading caught me off gaurd was in relation to June my bad all,
Indeed Dyor, and double check the dates!
No idea why the link didn't work, but its on CAs major holdings on their site if you're interested. GLA.
Some interesting info on CAs side of things, looks like they dispute some of the findings of the CPR but are actually increasing their holdings ...
"Following the publication of the report the shares are trading at little more than option money and the Fund has increased its holding. Despite these uncertainties, the company has stressed there are currently no going concern issues and it has ruled out an equity raise at this time."
Source- https://crystalamber.com/about/majorholdings
GLA.
Yeah, gotta look at the positives, only dropped by 20% today rather than the usual 50% when news is let out!