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It's morally wrong for the CEO to maintain his position and his benefits after a failed attempt to give the company away to bondholders whilst taking advantage of the of no AMG's and voting during a pandemic. As we all know it was boarding on criminal what he did.However, It was deemed not to be the case by an independent review (eyes role) IMO more like it suited CA.
IMO, CA are now just a bad as Maris. Maris should no longer be CEO of this company and he should be ousted at this AGM. CA will save his skin for their own benefits knowing when they get out we'll be left with this incompetent leach in charge.
I don't understand where all the commotion is coming from today. Someone wanted to get rid of their pieces at the end of the day. If there is no demand, the price will collapse. And as long as there is no clear plan of action, the demand will be minimal. First the fantasy in the share must be back before the price picks up. Incidentally, I find it intriguing that the youngest board member has a heavy tax background. Believe that the options surrounding the tax losses will be analyzed to the bone.
The BOD had the perfect opportunity in March after the Aoko Mizu extension news to update shareholders with a forward plan and they chose not to. It was not long after this news I had a change of sentiment. If all was well a genuine CEO and BOD would use this good news along with the high oil prices as a catalyst to catapult the share price, why not ? instead they've been happy to just sit and do nothing no real substance in thier RNS's.
The share price has dropped over 50% since the Aoko Mizu update and the BOD still don't have the decency to update long term suffering share holders with a reassurance RNS. It's ok for CA their privy to inside information. The only person looking after the minions is senseman with his opinions.
senseman, you're a very dangerous individual! The bottom line is you don't have a clue what's going on behind the scenes, to start advising people at this stage not to sell just goes to show how wrong you've been over the past 5 months. You've been beating the drum about how great CA have been for HUR yet even they didn't have the confidence to take their holding above the treshhold, It's squeaky bum time for CA because the influence of the NED's is working, looks like Maris has their number.
sensemen, you've done a lot for this share and it's obvious people respect your opinion, but I see a lot of what you write as opinion and not fact. DYOR.
To be fair the lazy writer could have been a lot worse, "HUR carry out yet another trial on well 7 to confirm that it's still Fcuked", "Lazy Maris fails to update shareholders with a forward plan" I think we got of quite lightly, since the RNS the share price only dropped 19%. Shareholders want a forward plan not a load tosh written in an RNS that we already know. Some people on here were saying that the RNS was positive.
Senseman, Sorry for the late reply I've been to cricket with the little one. Could you please tell me why a CEO would need permission from bond holders to release a forward plan, a vision for the company ?. As far as I'm aware HUR have never defaulted on the bond and the bond will be payed in July. So the terms of the bond have been satisfied. Bond holders do not have voting rights. I'll keep this in mind for the next town hall I attend at with work, I'll ask the boss if he's got permission from the bond holders for his proposed plans. (Are these the same bond holders who tried to steal the company ?)
So you're probably correct with your statement the CEO is still being run by the bond holders and not the common shareholders, that's the reason we got into this position in the first place hence the court case.
senseman, for once get off your high horse. There is no excuse for no forward plan going into the third quarter. I'm not having that we need to wait for the bonds to be paid, the windfall tax, etc,ect before some sort of forward plan is announced. Oil companies are constantly doing a 3,6.12 month lookahead. The PIs are being kept in the dark, CA have NEDs on the board it's and are privy to inside information, it's starting to look like a case of stench all over again.
P.S the price is still falling and the BOD are happy to do nothing, open your eyes. They'll have a plan but they don't want the minions to be in the know. what great price 7 is... The board experts have got it wrong again.
Dickbat, I have nothing to hide I once held over 700,000 of these shares, I now hold just under 300,000. I'm one of the lucky ones who got his money back, the ramaining shares are free float. I won't be increasing my holding at any price so for you to insinuate that I'm de-ramping you've got the wrong end of the stick. Oil price bailed this company out nothing else. The BOD have done nothing since the court case, CA are also happy to sit and do nothing from what I can see.
I Know lots of people who've lost fortunes / pensions because of the incompetence of those in charge so forgive me if I have no trust in the man running the show.
No my advise would be DYOR and don't take everything that's written by faceless men/women on a message board as gospel. Nobody should be advising people when to buy or sell especially someone who seems to have such influence. You know as do I that this share isn't clear-cut as your trying to make out. We still have the same corrupt CEO and no forward plan going into the third quarter. I won't blame any holding or future investor for being cautious whilst this man is still in charge, you'll still have shareholders top slicing at these levels from previous gains.
All the experts on this board telling PI's not to sell because the price is artificially low, yet the buyers are staying away. These same people were also saying the price was low when it went below 10p.
If the gov do allow investment cost to be offset over 2-3 years period it's a shame HUR won't be at the party, you need some type of future investment plan for that don't you ? HUR don't have one. Maris has already calculated the windfall tax into the future expenses, it's much easier to pay the tax than actually come up with a plan.
WaffenBurret, There are still enough sellers at these so called low prices to allow the share price to continue to drift. IMO this will continue to fall until the company show their hand because with no forward plan the low volume trading days will continue. We've all seen it so many times the price being brought down and when sufficient news arrives the share price fails to reach previous yearly highs.
We will see if your statement is true that sub 7 is an amazing price. Until then we will have to agree to disagree.
WaffenBurret, Tells us all why sub 7p is an amazing price ? on what basis ? what news has there been to stop the downward trend ? nobody knows the bottom, until a forward plan is announced this could continue to drop.
Dickbat, So what are you saying ? for the forseaable future every time the Fed and the Bank of England increase the interest rate a company's value is going to suffer by 5-10%. This is down to no forward plan for investors to buy into.
Excellent calculations senseman. I don't think it really matters if your calculations are out by 10-20 million the BOD don't have any idea what to do with it anyways. No way will CA let them use the profits to drill independently and the chances of HUR drilling in 2023 are pretty much zero the boat's sailed by sitting on their arse doing nothing. The price will continue to drift and a buyer will snap it up for a fraction of what it's worth. Dare I say, the future buyers being an associate to our non elected BOD members. As PI's we will be made to feel grateful that a buyer has stolen the company at such a rewarding price. Sound familiar?
The amount of excuses I read on this forum for the suppressed share price is comical, It's down to the company being rudderless and no forward plan. It's been clear as day for the past six months that the bonds will be paid off in July and that was doing calculations on an oil price a lot less than it is today. To have no forward plan going into the the third quarter shows how incompetent the BOD are and that includes CA. Oil price rising week after week and an oil company share price fails to rise over a three month period clearly shows a lack of vision and leadership or something fishy going on behind the scene! (We all know that wouldn't be the case with Maris in charge and CA wanting and exit strategy)mmm
The information in todays RNS was already known to investors, so why are some people expecting a huge rise on the back of a pathetic RNS?. I see the've carried out yet another trial on well -7, "Insanity is doing the same thing over and over and expecting different results" We need a robust forward plan why is it taking so long?
Canetois, Nice dream, "many a true word is spoken in jest". I think a lot of LTH are having the same dream, This could well be the plan. CA are now in bed with the BOD.
Still no forward plan! This will continue to fall regardless of the bonds being paid in July, high oil price, future revenue form the uplifts because this news is common knowledge and is already priced in.
A future plan is required to attract new investment until this is will continue to drift. How low can this go back down to 6p ?