Member Info for PUTUP

That and the reappointment of JF and initiation of the stock buyback are good things to look forward to

Interesting that oil is strong today despite a large counter seasonal buildup in inventories last week. Might hit my target of $55 sooner than I anticipate. I don't expect Brent to hit $55 until mid next year (and not go much above that level if at all).

Small retail and next to no institutional interest

"I’ll happily do a £500 bet straight to charity"

No odds? (A "straight" bet is just 50% probability confidence obviously.) I thought you were much more confident. I was mistaken.

I told you guys not to be surprised if he is asked to stay on

"a good offer"

We could have a little friendly wager (a £1,000?) on whether the company is sold, say, before the end of 2021. What odds are you prepared to give me?

I like the company but not because I think it will be bought anytime soon.

Do you honestly believe the top shareholders wish to sell? I don't. While a sale may require the tacit approval of the Kurds, a sale cannot be effected without the approval of key shareholders (ignore the BS spouted by SM that the 'hidden' 44% can approve a transaction). If the principal shareholders don't want it, a sale won't happen. No sale anytime soon IMHO. 2-3 years from now? Maybe. But certainly not in the next 12 months.

Hey Simon or Charlie or whatever your name is, can you at least find a way tp post some pics of the dwarf darts? It will help break up the LSE/ADVN/Twitter echo chamber...

Personally I'd much rather see (and believe we're more likely to get) commencement of the already approved stock buyback. But let's see...

August 5

"PUTUP, can I ask you why you want JF to stay? Do you personally think he has done a good job here ?"

I never said I wanted him to stay. But it is quite conceivable that he ends up being the best guy available for the job and is asked to remain by the board as a result. Let's see. If Nostradamus SM is right none of us will care who the CEO is on Jan 1.

22 more sleeps to go.

nufc9 I own a lot more shares than you and from much better levels. I'm positive on this story for its steady cash flow generation and opportunity to scale up production. I do not expect a fanciful takeover anytime soon and I'm very much against people committing blatant market abuse.

A number of things need to happen, in my opinion, before this stock really gets some legs:

1. a new CEO is appointed or, quite possibly, Jon is convinced to stay on as the best available alternative
2. some board rotation
3. visibility through COVID - on this there have been great strides over the last 2-3 weeks - to give the board confidence again regarding returning capital to shareholders
4. significant rotation of the shareholder register. A stock price is only efficient if there is a highly efficient market for the shares. In this case ESG and size considerations mean there is little and unlikely to be any significant institutional support for the stock. The stock needs fresh buying support and not just from a few new retail (or old retail averaging down).
5. to that end, the best thing will be for the company to start its already approved buy back.

1 and 3 are precursors to 5 in order to deal with 4.

So, as I have said plenty of times before, buy the stock for its fundamental cash flow generation and not because of fanciful suggestions from the likes of SM, no matter how many times he repeats them.

" PUTUP... are you actually invested here ?"

Yup. Weighted average all-in cost of about 77p or so. You?

GKP's total cost isn't $3. What's relevant is the price at which GKP receives cash flow and at which price the Kurds generate excess budget cash flow and have an ability to repay arrears etc. Those prices are much higher than $3.

https://www.bloomberg.com/graphics/2020-peak-oil-era-is-suddenly-upon-us/

"You cant be +ve on this board Simon , the Trolls dont like it .
We might start buying more shares and they dont want that ."

SS, there's nothing wrong with being positive. I'm positive on this story, have bought and am in the money on my position. But to come here with blatant, unsubstantiated claims of inside information about the company's ownership and an imminent takeover offer as a result of professional status and endeavoring to back those claims with preposterous arguments such as those relating to the treasury stock and options plan is not only ridiculous but illegal. SM is clearly no professional else he would be much better educated as to the FCA's market abuse regime.

Buy the stock because of its cash flow generation potential and not because of the blatant ramping of SM.

Tick tock, tick tock.

Only 24 more sleeps to go.

SM is on here claiming to be a professional, with in-depth knowledge of "the lions share of the hidden 40 odd %" (sic) of the company's ownership and claiming to have inside knowledge of an imminent takeover of the company which will make him millions in profits.

Sounds more like a one way ticket to striped PJs if you ask me. Time to press that 'click here' link...

"Over 40%+ of stock held by ?"

Pay a fee to Orient Capital and you'll find out. Just because the company only publishes the first 10 lines doesn't mean they don't have visibility below that. Orient Capital's work is available for those willing to pay.

Any day now and SM will be on the bid at £50 a share.... LMAO

Ha! I'm bullish on this company for the medium term but not because of the complete BS spouted by "SimonMurray". Buy the stock for its cash generation not because you think it's going to be bought anytime soon. IMO "SM" is running very close to the wind as regards market abuse rules while at the same time demonstrating a complete ignorance of corporate finance.

More likely to get an announcement that the company has concluded discussions with Jon Ferrier to remain at the company for a further 3 years...