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Too many positives from this. Not least the $25m debt finance which will transform their balance sheet. Gas storage looks like it’s going to be lucrative. Also like the sound of a dividend coming soon.
Surely the rerating will finally take place. 3p is an obvious near term expectation.
Yeah you do that bubbles. You wouldn’t want to be proved a scam again now would you. It’s a hassle closing your account, moving home then back again, creating multiple aliases etc. Easier just to tell the truth.
Really not good. They avoided answering key points, very political. At same time elaborated slightly that cash requirements and well maintenance was worse than expected.
My favourite like - like the first service on a car, it requires most work. Hahaha. Errr no!
We definitely are not in good shape here. I still believe 0.5p is realistic short term target.
Note that the £100m cap target is now subject to development of all the dead projects that will be more than a year from starting.
Today news really is the final nail in the coffin. No update on debt other than they are creating more! Low gas prices; apparently production issues I’ve the last week and lack of credibility. Best you can hope for is a takeover at c 0.75p.
Yeah they’re in serious trouble. All debt was supposed to be paid down this year and now they are boring more at punitive interest rates. I’m not sure any suitor would be interested even at these prices. 50% further downside now looks nailed on.