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Just..A Bit, ;0)) 0.77 off, I know. I am afraid the strain was more that she could bear.
I noticed the biscuits are concentrated in the middle of the table...close to the faties.
If we break 140 and we get some positive newspapers headlines we go to 150p. RNS and 180p should be in the bag. Then find some stable ground till the détails are established...then, the sky is ours.
It's gonna happen!
Putup, my dear, I think you are the only one who got the joke. ;0)
Now, that's a strong headline despite some analyst sceptical views, which to be fair some poster here also highlighted. Yet, I am convinced of the meaning of the president unexpected visit meant something.
Lots of pressure at the moment, so let's hope the same pressure is felt inside the pipeline.
https://www.google.com/amp/s/www.arabnews.com/node/2408006/amp
Straycat,
Certainly, while acknowledging the challenges, it's worth considering the positive aspects of GKP's situation. Despite the overdue debt, the shareholder expresses a belief in the dream of self-funding growth to 100k+bopd. The acknowledgment of being a long-term holder since 2018 suggests a commitment to the company's potential.
The FH results, including the necessary accounting adjustment, may be seen as a step toward addressing financial transparency. GKP/AKIPUR's willingness to negotiate a payment solution with the KRG demonstrates a proactive approach to resolving challenges. The historical preference for production over litigation could be viewed as a strategic decision to prioritize operational continuity.
In essence, while challenges exist, the shareholder's positive take could revolve around seeing these hurdles as opportunities for negotiation and growth, with a belief in the company's ability to overcome obstacles and realize its ambitious goals.
Running out of free floating shares?
MMs, let it go up and you may find someone to sell a few....perhaps?
My take on FOMO.
Atb
...better than this only when doing aerobatics!
ST
Kheldar: "We are at a point where this news could be transformational for GKP. It all depends on what the deal is.
The reason GKP has been in the £1-£3 share price for so long even though it has been paying obscene amounts of dividends is that there is a risk that Iraq government may rip up the contracts.
Obviously it all depends on what deal is agreed but if it a good one and has the blessings of KRG and the Iraq government then forget previous share price we will be in uncharted territory"
I think myself fortunate to have bought GKP at this low price for a long term investment. Thank you Turkey! Just perfect for an earlier Christmas.
Have anyone been keeping records on trades lately? I see some interesting amounts popping up. Is anyone accumulating here? ;0)
ERBIL, Kurdistan Region - Kurdistan Region President Nechirvan Barzani on Monday emphasized the significance of resuming the Region’s oil exports in a meeting with Iraqi Oil Minister Hayyan Abdul-Ghani in Erbil, stating that the halt has caused “great loss” to Iraq’s revenue.
During the meeting, President Barzani reiterated his support for the dialogue and steps taken by Erbil and Baghdad to resolve outstanding issues relating to resuming the Region’s oil exports, and stressed the need to restart the process “as soon as possible,” according to a statement from the presidency.
“He [Barzani] highlighted that the halt in exporting the Kurdistan Region’s oil has caused great loss to Iraq’s general revenue, and therefore considered resuming the exports as soon as possible important and necessary,” read the statement.
Abdul-Ghani also stressed the Iraqi federal government and Prime Minister Mohammed Shia’ al-Sudani’s “serious will” to resolve the issues between the two sides and restart the Kurdish oil exports.
On Sunday, KRG Natural Resources Minister Kamal Mohammed Salih received Abdul-Ghani in the Kurdish capital of Erbil, alongside his accompanying delegation from the oil ministry which included Undersecretary for Extraction Affairs Basim Muhammad Khudair, and Undersecretary for Distribution Affairs Ali Maarij al-Bahadli.
Kurdistan Region Prime Minister Masrour Barzani on Sunday reiterated the Region’s willingness to restart oil exports in a meeting with the Iraqi minister.
The visit of the Iraqi delegation is the continuation of discussions between the two sides aimed at resuming the Kurdistan Region’s oil exports, “considering its importance in supplementing the federal budget with financial revenues,” according to a statement from the oil ministry.
Exports of Kurdistan Region’s oil through the Iraq-Turkey pipeline have been halted since March 23 when a Paris-based arbitration court ruled in favor of Baghdad against Ankara, saying Turkey had breached a 1973 agreement by allowing Erbil to begin independent oil exports in 2014.
Erbil and Baghdad have held multiple rounds of talks about restarting the exports. Kurdistan Region President Nechirvan Barzani last week said the problem now is technical rather than political.
Areas where they still need to reach an agreement include existing contracts between the KRG and oil companies, according to President Barzani.
Representatives of the Iraqi government and oil companies operating in the Kurdistan Region on Wednesday held their first meeting in Dubai, stressing the need to resume full oil production and exports “under mutually acceptable commercial terms,” the oil producers association stated.
To me, not honouring the outstanding sales revenues to the IOC by Kurdistan and Iraq, for that matter, a big red flag to any operator in Iraq. Besides, it would be another court matter, which would be counter productive. Barzani, if I am not mistaken, addressed this issue a while back. I cannot see the bill not being paid here.
The contracts an whether they should be honoured is another thing that Barzani was strong about in his statements. He knows it is important to the IOC and as mentioned, it all depends on the regional structures and arrangements, so that should be taken into account.
The urgency is in delivering the goods and that's where the pressure is on. I believe a compromise on the part of Iraq will be reached if not already. KRG is a semi independent regional power and it has the backing of Turkey. I believe the old contracts will be held and no ammendments will be made.
That's my 2 pence for what's worth.
Belgrano,
Any short termer is just interested in the 10% ish profit and they are out. As you said, nothing wrong with that. The movement upwards is very seldom done in straight vertical lines. A retrace isn't just normal but a healthy correction, which in turn allows medium and long termers to add, if desired.
Short termers most likely haven't got a fundamental understanding of the potential medium and long term of a company and may have no Interest in having it. A quick buck is all that matters. Sadly for them, the price paid is that most lose more than gain according to research,..circa 70% will be worse off.
Nevermind, those who understand the fundamentals don't actually care about fluctuations, but the end game. Sure, no one likes fluctuations but it is part of the drama and no one more than GKP medium and long term holders understand that.
Me, I rejoined of late after many years out of it. But did based on fundamentals and opportunity to get it cheap.
Good luck all.
As I had said a while back on the forum, the impromptu visit by the president to Erbil was significant
This will be iron out this time, especially with Barzani's confident statement and the oil delegation 3 day meetings in Erbil. The agreement was drafted before all this in my view. They are just doing the formalities now.
I did a cheeky one and added at 129p today. Peanuts as compared to many here but will get my kebab order on the table again. Where's that winner's beer cup again?
It's real now!
Kheldar,
Good morning. Quite possible, your views are correct too. But surely these big funds have a tolérance cap on loses, I imagine. Especially since they have their fingers in so many pies at once.
But point taken, and good luck.
ST
Unwin,
The relative small short of 1.41% should help the sp up a little when they decide to close, if not already, those shorts. Shame the % isn't higher, but it reflects the relative risk gkp has of a violent bounce back and millions of losses accrued on a short gamble. Sure, they should hedge against it and make a little profit, or loss, either way.
But those small undisclosed shorts will be hurting most likely, though.
As JakelaMotta says, who would bet against GKP and its potential? Well?
Glad to see we are heading out of this quagmire in a few days. Too much parties making noise right now bears well for us.
Good luck all holders.
..especially for those disclosed shorters. Burn, MF, Burn!
Son, did you take your medication? 5 times a day, you know.
Bless