Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Major rerate ahead
Philip Wolfe, Chairman of Hurricane commented:
"The Board intends to deliver near term shareholder returns through either the successful outcome of the formal sale process or with a substantial capital return programme. Hurricane is in a strong position with an experienced senior team, robust balance sheet, profitable ongoing production and significant tax losses - a platform capable of supporting distributions throughout Lancaster's expected economically productive life. We look forward to updating shareholders in due course."
Like these bits - " successful outcome of the formal sale " "substantial capital return programme"
Antony Maris can treat himself to a larger lunch today ..... wonder what it will be?
And after another heavy day at office Antony Maris our esteemed CEO goes home content in the knowledge he is no further forward in his plan to create additional value for his shareholders but happy he has spent the whole day pontificating this. He cannot wait to get back to the office tomorrow to do this once again....... his biggest decision tomorrow will be what his lunch choice will be.....
Wifey will probably have his warm jimmy jams ready for him this evening to slip into for another restfull nights sleep
Have a nice evening fellow campers
Just in case anyone is interested -
https://www.stagontherivereashing.co.uk/wp-content/uploads/2022/10/01-SR-A-LA-CARTE-MENU-AUTUMN-A3-Master.pdf
Almost lunch time.... probably looking through the menu as we speak....
Yawn.... Maris getting ready for another big day......
Busy day at HUR HQ
For Antony Maris.......
In that case someone wants to hold the share price low
Those naughty MM's are really shaking that tree today
I wonder how long it can go on for?
Do we wait until April next year for our next update?
Another attack on CRS shareholding cost - seems as though everyone wants in at this price.
...... Including joo1
From CRS September RNS -
The Fund expects to provide an update shortly on additional shareholder returns based on the Investment Manager's and the Board's assessment of the status and timing of anticipated corporate transactions.
The Fund notes that Hurricane Energy plc ("Hurricane") has reported that at 31 July 2022, it held net cash of $89 million. At current exchange rates, this is equivalent to £82 million. Crystal Amber holds 28.9 per cent of Hurricane's issued share capital.
Is there a message buried in this?
tomorrow is Saturday
Approaching CA's average cost per share ... again....
MEM previous posts say it all really -
middleEastMoney
RE: Volumes16 Aug 2022 19:06
Totally agree, this is being driven by big money, I fully expect to breach 30p very soon.
Huge buys outweighing sells, follow the money
middleEastMoney
Posted in: REVB
Posts: 3,891
Price: 20.00
No Opinion
RE: What happen?16 Aug 2022 12:42
Hi HH, difficult to sit on one’s hands and not take a profit !
However REVB is VERY STRONG at this price, with the recent SP of 65-70p only a few weeks ago and over a 100p a few months ago, I am in no hurry to sell up, I have decided to wait for the results in 2 weeks time.
My reasoning is fairly simple, the newly appointed CFO knew exactly what they were getting in to when they joined, this is a ‘technical c0ckup’ of Accountancy rules rather than a meltdown.
I am confident we will see 90p this year, I fully expect the BOD to display massive confidence and start buying shares, once we are out of the closed period.
Final point, follow the money, huge repeated buys, many tens of millions of shares, that is a massive endorsement for me, some other entities have done their own DD, great opportunity under 50p