Member Info for mrc_mrc_mrc_mrd

Perkins - why do you think shareholders will get a vote on any Ruvuma sale? As far as I can see the BOD could give it away for nothing and shareholders would not get a vote.

Perkins, you keep saying shareholders will vote on a sale of Ruvuma -is this correct? Can you play point me to where it says this in any documents or company announcements?

Far as I can tell the BOD have the power to sell assets as they see fit!

Nm

gLA

Oh dear, don't get grandad romaron onto the subject of renewables. He's been putting petrol in his car for years and it never done him no harm!

Hit the nail on the head mather dj

Solo have already spent more " on the asset" than they are likely to ever get back when the asset is sold.

I've been saying the same for some time about selling ASAP but the local BOD cheerleaders seem to want the BOD / Gneiss gravy to train to keep rolling! I do wonder why...

Lol cperkin...I see companies getting funded, but are the shareholders benefiting?

Maybe we are in the wrong game and should be investing in Gneiss...they always seem to get their cut

Lol I think ZFG has a few screws loose! Not good when your up that high ZFG!

Lol, one day you might be right AA and it will finally be the bottom!

Of course that might never happen if the company goes bust.

Rifl

Welcome aboard Ammu - I will stick my neck out and say we have initiated lift off!

Come on AB, let's give it the beans lol

And yet, look at the charts. Still too expensive?

When will the buyers jump in?

BOD need to wake up and smell the turd in their coffee

Isn't it fabulous though!

Up diddly up we go lol

Well I have been able to accumulate £50k position below 11.5p this morning. May add further below 12p in the next 2 days.

Ideally want double that ready for the double up ;)

In the last update..."Total cash and available facilities were c.$268 million, including ring-fenced accounts associated with Magnus, the Sculptor Capital facility and other joint venture accounts totalling c.$81 million."

So if it came to it there is $187 million cash buffer which could be used to pay towards the RCF in October?

Debt payment should be no problem if that is the case, POO stays above $50, and break even is at $27 as promised.

Wait for me, I'm still loading up!

Picked up a chunk this morning before it started moving up. Ideally I want a bigger position than I had on the rise from 18p to 30p!

Only at the right price though!

Ammu - are you aboard yet m8?

Great post Ammu, couldn't agree more. Hopefully I won't get burned here! Just banking on their being another little rush of blood (or hopefully longer term improved outlook!).

It's a risk but then I am on a free ride really with the amount of dough I have made playing on the swings here.

No recommendations from me, I am mainly putting money into non-listed companies at the moment.

I do buy in to the roaring 20's idea though. Consumer debt is down this year, and there will be opportunities once the lockdowns end to innovate and adapt to a slightly different way of life. Big guess at the moment on when this will all come together and who the winners and losers will be.

I see oil as a winner in the medium term which is the reason I am still here.

Lol ZFG, I have an 11.5p average, what's yours?

Rifl

Lol therapist has "filtered" me about 20 times!

Enquest a good bet at $50 oil with bulls in charge IMHO, but I do share your medium term concerns Ammu.

Hope you don't get your 9p cause that will mean I have entered too early!

Come on Kraken! Let's hear that famous ROAR.

GLA

Hi laid-back - can I ask where this organic growth is coming from in 2022?

From my calculations drilling and tie backs will at best stem the declines for another year. Not sure where you think they are finding 10k barrels from?

January2 - are you a bit dense? - that is exactly what I'm saying about hedging...