RE: Difficult progress8 Mar 2022 12:28
Pearls, what are the shorts you are talking about? There are no declared short positions out there and don’t see our Asian nemesis having the need to repeat the debt stranglehold….I also thought most of the original unlocked shares had been offloaded, which just leaves EIG stake unlocked Apr 1st although suspect that they’ve got a bank writing option structures to pre sell some of that. But also with current cash flow and need for an inflation hedge with current climes , why they would even contemplate offloading. Far easier to initiate a share buy back with the cash and keep paying themselves dividends…only other possibility is some sort of deal with Neptune or alike coming up that capped at 430 a share and have the other party trying to cash in their chips? Floodgates open once that 434 resistance breaks….Tullow report tomorrow so should provide a few clues…but the cloak and dagger of PE still looms large here. I’ve added for my sins