Member Info for Pacman121

They said they'll be resuming export through the black sea. This is where they'll be able to reach their loyal EU customers and really put a rocket back into production. Close to 500 vessels and 15million tonnes of export have already been transported via that route since August. Q1 this year will restore value when that route is exploited. Numbers on that would have been useful in today's update. Further update of that will be significant.

Agree. Large accumulation here last week in this range. Let's see if it happens again. Bots having a field day here. Iron Ore continues to edge upwards.

Lots of auto trades on here. Will the bots keep it going or will they cash out?

The RNS's were misleading when they didn't need to be. That's a case in itself. With gas prices where they are its fair and reasonable for the situation to be re-evaluated in order to quantify the true position. This looks orchestrated as hell. I'd be fighting for shareholders at this point, but the board seems content not bothering.

What's the FCF at 140p a therm?

Timing stinks as do many other things. There is enough to go round. Join the group if you haven't already.

Took the words out of my mouth poorinvestor.

Hopefully Smith Square and partners will be saying oh look how much these assets are producing at 128p a therm. Both fields highly profitable at these levels. Lets get the debt restructured and recover the market cap. Doesn't look like the Directors want to save it tho.... does it.

You were wrong on that one tho, hence the post after the fact. Bit of a daft comment there Beb but we all know you like to provoke. Looks like most are on the WhatsApp chat now so you and Sham can keep shaking each other off on here talking to yourselves :D You should try taking Sunday's off, would be good for you (and everyone else).

On sky news this morning the British fleet may move into the black sea to protect the route. This would be a major development. Any sign of seaport routes opening and this makes a material move. If the divi gets reinstated then you've just got you're money back at this price.

Good spot Alex:

Deputy Ukraine's Prime Minister Oleksandr Kubrakov said last month that three cargo ships were heading towards Ukrainian Black Sea ports for further food and steel exports. Bulk carriers Azara, Ying Hao 01 and Eneida were due to load 127,000 metric tons of agricultural products and iron ore for China, Egypt and Spain.

@poorinvestor What do you mean by 'new bought in investors'? Thanks.

Yep it's rallying well. £1 up already on the post divi drop. Tempted to take my other half off the table before someone else does :D The swings on this into close do make me a little nervous. Almost 40% up at this point which is a health profit.

Great the directors are going to be taken to task on this. Regulation allows less than transparent acts but get them in a court and see them try to quantify in front of a judge. More and more shareholders are fighting back and there is a routine forming for doing so.

One thing for a company to go under its another for the directors and assets to be given the opportunity to play again under a different name which unless I've got my wires crossed is what's happening here.

The whole thing stinks and does look orchestrated. I hear the shareholder group are already making progress so what happens next should be insightful to watch.

AMAZING rally off 656p in a few sessions. Taken half off this morning in the 740's. Charts due a pullback and I've learned it benefits more to trade the swings on this one rather than hold on. Bots getting predictable.

I've closed my position today at 707p. Held through the last divi and it bottomed quite hard so don't want that again for the sake of 30p odd on the dividend. Happy to buy back afterwards tho.

Maybe Warren will refinance with some change from down the side of his couch:

https://www.heraldscotland.com/news/23787895.gas-price-fall-poses-challenge-north-sea-minnow/

How much cash are they producing?

Missed the point there snooz

Agree to a certain extent. This company has been surviving for 15 years or so. Most gas/oil companies have stupid debt that's constantly being re-managed. Not a great situation but how many times has an AIM chart exploded just when you think it's all over. Sure that's how the insiders make most of their money. First bit of the RNS was upbeat. Still producing a lot of cash to give the bondholders something if they want it. I've put some money in this. Lets see where we are at the end of the month.