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Make that >65% of market cap is cash.
Gross over reaction here.
Vulnerable to a bid here.
No one should be surprised if there are still issues regarding the monies owed, c.$150M in GKPs case. Payment over time in installments is acceptable as long as it is actually paid. A lower production cost per barrel of c. $20 is fine given the price received per barrel would be $50 or so more than present, greater production and visibility.
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Actually no it does not say Iraq will not pay any amounts due.
Why don't you just sell out?
Just be aware that it only takes a minute to change things here.
Losing a billion dollars in revenue a month from lost pipeline sales and still being responsible for Kurdistan's wages is not a tenable situation for Baghdad.
Such a pity.
Thus should be trading ar double the current share price but London has become a manipulators dream. So sad the FCA choose to ignore all the data and reports.
The lack of director buys is also disappointing.
Breaking News: H.E
@Fuad_Husseein
announces the return of oil exports to Ceyhan from Kurdistan during a special session with
@ATParasiliti
, highlighting the agreement that has been reached between the KRG and the Iraqi Federal Government.
'Agreement reached a few days ago'
Davos may be helping also. Foreign leaders applying pressure for a pipeline restart.
https://www.basnews.com/en/babat/836740
We have discussed two issues with the Iraqi government, one is salaries and the other is oil," he said The region has spoken to the relevant parties of the federal government in all details "All the oil companies operating in the Kurdistan Region have visited Baghdad and shown their contracts. They have explained the details of their work. There have been no problems and it has been a transparent case."
"There is an agreement with Baghdad on the salaries of the Kurdistan Regional Government (KRG) employees, and the Kurdistan Regional Government (KRG) has agreed to the details of the agreement, but on condition that the agreement is implemented in the future," Hawramany said.
https://www.kurdistan24.net/ckb/story/249980-