GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
Not sure about a bounce in SP Thursday as so much is dependent on what covid19 ends up doing. The risk is still there and very hard to draw sensible worst/best case scenarios- that’s precisely what brings down global investment. Imagine PMO will have to put caveats in their plans to mitigate the uncertainty and that waters down the impact of future plans, for now at least.
Executing such a major part of PMOs long term strategy in the middle of a global pandemic was probably not in the plan! Just after covid19 starts to subside would be good, lots of equity investors ready to go back in. Just hoping the climb back happens at a similar pace to the climb down.
Viruses generally prosper in cold damp environments for various reasons. So given the northern hemisphere is moving through spring and on to summer this will help a lot.
Coronavirus ain’t over yet! Bumpy start tomorrow.
Poo down, PMO up - what new crazy world is this? Now news out today is there?
By only 0.12% but it shows they have the hang of the reporting thing, which is nice ;-)
Cheers jw61 and Plebeens - that sounds reasonable and much more positive than the FT. They do have to sell papers I guess!
So after the 12th assuming the vote approves the refinancing, there is a court case March 17th being brought by ARCM to see if the original refinancing deal clause giving ARCM a blocking vote can be invoked.
Anyone got any info on this? It sounds much more important than tomorrow.
They’re targeting anyone that will listen!
Take a look at Tesla to see how hard it is to sell high in a squeeze, down nearly 20% today.
Have a think about what level you’d be happy with if it happens to PMO as the peak won’t be there for long!
Given Brent is around 55 and pmo is just north of 100 is pretty positive- market must still believe Corona effect will be temporary. Depends on how much China is covering up and how much we actually find out it is covering up!
Just waiting to hit the peak for Corona virus then BAU, hopefully before the 12th to give us a fair uplift from the debt rescheduling. Easier said than done however.
Possibly ARCM are correct and everyone else is wrong. Given they hold a huge short that was secretly built up? They *might* be slightly compromised shall we say :-)
Also, when was a hedge fund so keen on public statements? Maybe it’s their only option left? as the other creditors aren’t picking up the phone!
Love this part:
Numis also laid into ARCM, saying: “The questions if anything point to just how weak ARCM’s position is in our opinion.”
The article fails to mention how the huge short position was built up undeclared.
So ARCM lose the court case and now have to resort to trying to scare the other lenders - they know the game is up, roll on the 12th .
Anyone know if any other creditors also have short positions in PMO? Seems ARCM are the only ones with an interest in the SP dropping.
*forgot to state the well know, position built up in secret
Love the quote:
“Now the hedge fund [ACRM] has published a series of questions about the plan which it calls on the firm to respond to with “full and transparent responses”.
say the shorters who built up the largest bet against a company in Europe!
The article is very interesting. Makes a change from the fool’s “PMO has gone up xx% here’s what you should do now” and then it tells you they’re not investing- every time!!
How do we know they are not reducing already? Given their track record for not reporting and the fact that the price has a large potential upside now.