Member Info for NewKOTB

Now this is interesting, Gold down almost 5%, 77pts atm - 1565

The Spivs really know how to screw you over .... back to same level as 6th Jan.

Now, wait for news over the weekend that the virus world infection rate is on the decline

Strange day today, opened UP this morning and closed almost flat.

Guess restart of Bruce is closer than one would think !

The problem is national debt. Watch the gov around the world, especially China's BnR, announce massive stimulus packages, particularly in infrastructure, none of which will help the environment and the fight against climate change.

Once Trumps 'hidden' companies close their shorts and open their longs on value stocks, watch Trump declare 'All is well in the Universe' once more.

Dow's previous worst weeks:

2008: Lehman Brothers -18.55%
1933: Great Depression -15.55%
2001: .com crash -14.26%
1940: UK about to be invaded by Nazi Germany -14.21%
1929: Wall Street crash - 13.52%
1987: Black Monday - 13.17%

This week DOW down almost 15% ..... !!! for the Flu

Dow's previous worst weeks:

2008: Lehman Brothers -18.55%
1933: Great Depression -15.55%
2001: .com crash -14.26%
1940: UK about to be invaded by Nazi Germany -14.21%
1929: Wall Street crash - 13.52%
1987: Black Monday - 13.17%

This week DOW down almost 15% ..... !!! for the Flu

Well the gloating of Trump last month about how the stock market is doing great, the economy is best it has been, unemployment is low, everyone wants to do business with us, America is Great ... etc etc.

Lets see what he pulls out of his varied repertoire of adjectives to rescue the DOW over the weekend. He will have an angle on his re-election with everything he does, particularly from now on.

"is this now trading cash?" .....

No, around £65 million BELOW cash, with no debt and $1bn loan facility available.

DOW down over 1200pts today, even Trump can not allow wanton destruction of businesses and peoples pensions to continue.

chinch,

"BKR not due to come back online for at least another 5 weeks .... "

Not sure about that tbh, Deep Vision, been on-site since 25th, weather looking settled still, so should be making good progress. The Standby Safety Vessels holding at 3km limit atm.

No idea how long the job will take, but how hard is it to cut the caisson and remove section by section. Guess RV's will do the work 24/7, so no need for recovery time for divers, unlike the old days. Maybe someone can put a timeline / detail on this job !

Major intervention required by governments now ... they know the real score. Media are blowing this totally out of proportion with their HORROR headlines ... Editors need to take responsibility, get a grip ffs, imo.

If mass panic happens then there will be real issues ..... Lemmings everywhere atm.

Only 2 new UK cases today ..... !!!

In China, measures appear to be working as new daily cases of the virus have now started to decline.

Now 2700 points required to close big gap on DOW .... more than 11% gain required atm.

Last few pandemics lasted for years, although the market fall only lasted a short while .... the market just want their pound of PI flesh before the turnaround.

Spivs are creaming themselves atm with this opportunity.

Just need Trump to announce its Fake News and all is well again.

Lets see how the DOW finishes today.

Gas UP 15% over last two weeks.

Erskine revenue running at appox £31/barrel with lifting cost circa £9.

Significant hedging in place.

No debt and massive cash pile est >£100m

Latest rating from Peel at 186p/s Reiteration

Bruce repairs underway and will be completed soon.

Company enhancing deal will be completed by SQZ, i.e possible merger with RRE.

RRE could go out and spend £60m today and still have more cash in the bank than current MCap .... plus we have NO DEBT.

Mcap now less than £200m ($257m)with est £260m in CASH (not including the £42m restricted cash)

30% BELOW Cash in the bank atm

-----------------------------

Year End Trading Update 7/1/2020

"At the year end, total cash was US$370.7 million, of which US$54.9 million is restricted. Cashflows have been underpinned by enhanced production following completion of the Marathon acquisition and the Company remains debt-free."

NI, see you were up very early spreading joy today ... you must be sooooo excited about the virus spreading atm.

Same old, same old from you once more ....

Spivs are really enjoying feeding off the fear around the virus atm. Market was to heavy so it was a given the virus would be used to drop anything and everything.

All the media has gone mad. As soon as the word pandemic is confirmed, the markets will bottom out imo.

Spanish Flu, was estimated to have killed up to 100 million and infected 27% of the worlds population, now that is news worthy.

Spivs, do you not just love them ...

PS Lots of white fluffy stuff falling from the sky, must be careful and not get hit by one, so I'm staying in doors to be safe.

Deep Vision, been on-site since 25th, weather looking settled still, so should be making good progress.

Lets hope the job can be completed in one visit as its just removal and not replacement of unused caisson.

https://www.marinetraffic.com/en/ais/home/shipid:195553/zoom:14

Possibly be up and running well before the 2 months are up.

atb