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Does anyone think that this Chris oil chap on twitter has any substance to his claims that some of our Licences will be canceled soon?
Spread narrowing
Just saying
I think DEBs will shock the market 4/5% up on trading not flat and margins will be much better than last year. Share price open on news 8/9p Best of luck all
Will see this smash 8p if not 10p Redicously undervalued and the market will hike this up over 100% on plaice results. Looks like the high street isn’t as dead as the the supposed experts were calling chaps.
That’s my call - will land soon I really wouldn’t sit in the shadows here. I also think we could see a bidding war because this won’t happen again next year given their cash flow projections and debt reduction plans.
I will say this was certainty the reason nobody will buy PMO until! The Mexican asset it’s apprised is the risk is too high. I sold my shares there for a little profit and I did make a £20k investment in that business until I realized that market is uncertain about their Mexican assets. A positive high end result once the all the data is made public could lift £1 billion in that asset and a quick sale of the asset could reduce theist debts significantly. However their debts are very very worrying as are TLW. There is a reason why a good business is looking to buy OPHR
lol errr nope have you seen PMO debts!!!
Spiked - this is a cash positive profit making business with £1 billion in assets on a bad day wirg $1 billion in cash to come over the next three years of low cost production please explain to me why anyone invested here at even 60p is spiked?! Once the oil market turns and it will demand is too high 60/65 this will be back to 70p+ The assets are going to be bought up and fast this bidder is serious and will make a serious offer or it’s no deal simple as that.
Sorry 43iah to 45ish
From 43p ish back to 46p 50p close Bid tomorow who knows another party to come to the fight?! All to play for and still dirt cheap
I made some good money on Flybe and was lucky when I sold due to other issues outside of making money ha! So I have cash burning to be invested I don’t like the market right now but the opportunities like this are the rare no brain investments. The company is in a strong place with cheap production if this falls to 40p or lower I’m going to put uoto 80% of my funds in here. I’ve got £23.5k now but I don’t think we will be waiting long for the offer at 70p+
Had a few more only £500 more
Another £5k for me Total in £23k at around 44/45p No way will any offer be anounced bellow 65/70p Best of luck to all
It will soon change once the offer is announced Ophir are in a good position £110 million debt with a strong cash at the bank against that debt. And producing cheap! Assets putting $300 million into the bank in 2019 / 70p a share minimum or its no deal chaps Ophir don’t need a takeover. I have been looking at their numbers and if this doesn’t pan out I’m going to buy another £20k worth as I see the production alone giving me 100% return to my investment in around 12 months so it’s a clear buy for me.
Board will not entertain a sub 70p offer so let’s see who’s right on this one. Great assets anything sub £1 is a steal for any big boy buyer like they are talking to right now.
More fool them at 48p!!!
Only had £8k in here at 40p
I think this will be the lowest the board will even talk over. They won’t get this opportunity again to buy so cheap. Sit on hands time Bought another £10k at 47.5
The slightest bit of posatiity will see this allot higher than it is now - the market valuation for a takeover is significantly above the current share price. I’ve been buying from 4p onwards simply because it’s going back to 8/10p in January - I think if this goes any lower mr Ashley will be buying all the shares on the market to force an offer.