Member Info for ocelot

No "buys" because the offer was held at 1.45p all through the afternoon, only dropping to 1.30p at 16:29:50.

That'll be a blue juniper then!

(PM) Barzani said in his letter that full independence is not the immediate order of business: “Our priority now is to create a strong, stable Kurdistan region anchored within the international community.” Accessing international debt like any other semi-autonomous province might be a good way of securing that anchor...

https://www.euromoney.com/article/b1h34j24prw7xc/kurdistan-readies-for-post-isis-future

At present, chipping away at 193p with a lengthy series of small trades - vol so far 289k shares.

From little acorns, ...

Genel is cheap!

And the 3-year shows a decline from 6p to 1.40p.

That's still a pretty poor show, agreed.

But what prompted the rise into the low 30s so soon after it was floated at 6p?

Rosewall,

For myself, the market is everybody, LTHs and traders.

But, agreed, LTHs and traders do not share the same time horizon.

On the other hand, for the present, LTHs are almost exclusively PIs. I hope some IIs will participate soon.

The market needs to look through the issue of new shares, to finance the Tellurian deal, to the prospect of healthy cash generation, because of:
1/ the Tellurian deal itself and the 69%-increase in UKOG's share of HH;
2/ the long-term production consent received yesterday;
3/ the arrival of the rig very soon.

Can't help believing this stock should be quoted 2x higher than its present price!

You're quite right on that, too, Hawkey - I missed that on page 4.

I had to check the presentation, Hawkey, I thought you'd got the date wrong, but you're quite right, they state net cash of $92m at the start of August.

Net cash was $55.8m at 30/06, so that's an increase of $36.2m in just 1 month!

The 3-year graph shows that ANGS got up into the low 30s about the same time UKOG peaked (very briefly) at 11p.

Is that why the stock rose so high, a read-across from UKOG?

It came on the market at 6p in late 2016, if my memory serves me right.

mufcm,

That's impossible, it hasn't been on the market for 5 years!

Or it could go through 2p when the placing isn't announced in a few weeks, RA!

As always, time will tell.

"Trump advisors consider interim China trade deal to delay tariffs" (Bloomberg)

12.5m of buys at 1.20 across 3 trades.

It's been almost 2 1/2 months since the KO of the Brockham RNS.

Think the stock is beginning to pick itself up from off the floor!

Personally, doubt it:
1/ new significant shareholder announced arrival 2 days ago;
2/ management has called a shareholder update meeting for 30/09, in 2 1/2 weeks' time.