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Mommur,
Yes, I thought that too .... guess that Columbus was a sweetener to get the Capricorn deal completed. Be interesting to see what does happen in 2024 with Columbus after all that unexpected additional expense involved. At least we should have built up a decent tax allowance and made a 'few' quid, few being the operative word after decomm. Could it be used for CCS in the future, maybe that was Mitch's plan all along.... lol
Mitch Flegg, Chief Executive of Serica Energy, commented: “Whilst frustrating, the additional operations on Columbus are not expected to affect the timing of first production and the economic returns of the project remain very attractive for the company”...... really, lol once more !!
aimo & dyor
"Or a big short closing.."
Rapid closing by the looks of it too, happening time and time again recently, which means only one thing, they are urgently wanting to protect their profit from imminent news. Rapid fall back in SP to match the rise for me is one signal. Unbelievable swing in such a small time frame, ~12% (+6% back to flat) movement in 35 minutes of trading, with
numerous same time-stamp AT's to pull the SP back down again, madness !!.
aimo & dyor
U.S. STEEL HAS RECEIVED MULTIPLE BIDS IN EXCESS OF $40 A SHARE - CNBC
UNITED STATES STEEL CORP BOARD TO MEET ON WEDNESDAY, AND ARE GOING TO OVER A NUMBER OF BIDS- CNBC
Good news on text in agreement passed this morning :
"There are also elements in the text which they are not happy are present, including this line: "Recognizes that transitional fuels can play a role in facilitating the energy transition".
There is a concern that the "transitional fuels" is referring to natural gas and gives countries a free pass to use it beyond 2050. Natural gas is a fossil fuel and its use produces greenhouse gases which are responsible for climate change..."
Hope those 3 x £25k this afternoon are Director buys. Adonis did say that directors would probably buy when outside of closed period. Really need them to put their own cash down given SP fall after RNS to back up their deal esp as Adonis stated in the webcast that it's "no longer a dream, it's a reality" when talking about Anchois project.
https://stream.brrmedia.co.uk/broadcast/preview/65705f5f85e1630925165801
aimo & dyor.
B4Now,
"The sell down by whoever looks like a failed strategy i.e someone who expected a takeover..."
Fully agree, however I would go one step further and say they had inside info that made their decision to buy in big, now looking like they want to fully exit. If it proves to be one of our 6%'er, we shall await the TR-1 with interest. Whoever it was that put forward an indicative offer (may of been more than one offer/offeror) for the whole company I would say links to these parties proved leaky in the build up.
aimo & dyor
Probably the seller trying to keep the price stable after watching it sink on the out of control selling yesterday. If you are going to sell, why not try and get the best price you can ...... Be nice then if they left it to rise ~20% then sell some more, almost as if it's a distressed seller, if so, unbelievable co-incidence that it coincided with yesterdays RNS of course !