Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Because they were neatly out of cash and if djeno was a failure the price of a raise to carry on would have been far less.
Depends on whether there is a Zama update IMO
Remember they had to construct new drill pad and the delays. In addition if you read the RNS carefully it mentions acquisition.
And that’s based on what we currently know we have, does not include final zone of current well.
My suspicion is that the hedges are spread over the full twelve months but I’m just guessing based on what I would do.
* un hedged
PMO have hedged next years production well, the oil price fall will hurt the in hedges production but debts should continue to fall. I also believe that we are near the bottom of the oil price fall, OPEC+ do seem to be serious and most members except possibly Kuwait need a rise. US unceartainty and shut down are not helping but will pass. Add in Zama in the next month and a recovery is in sight. Gut says we’ll be past my average of 63 by the end of January.
Happy with that, no too much of a discount and nearly twice the price of last placing.
Yes
The share were the final trance of a recent placing, they got them at 0.19p on a recent RNS
Read the second page of asx announcement, letter from Oilex confirming it is capital raise.
Capital raise, not good news
Trading halt just announced in oz
Later in the week would be better for me mine are in limbo whilst my isa is transferred from selftrade to HL so want to be able to sell if the spike is good enough.
Why do you think the directors are happy to take shares?
* divi not focus (silly iPhone)
Stobarts have circa 360m shares in issue and have cut by 3p, that’s £10.6m, their focus are paid quarterly so if they cut each are by that amount the cash saved is circa £42.4m per year.
My view is that a very low ball offer from virgin (10-15p) is likely to embolden Stobart to make an offer 20-25 gets them a great asset at a good price would probably be just enough to put stobarts off given their problems. Anything over 25p is a very un-expected bonus as far as I’m concerned
A lot of that cash is deposits and payments in advance from customers that will be paid to suppliers when the holiday is taken or to run the plane that holiday makers are travelling on. I have no position in TCG but suspect that this is the end. Why would another operator but them out when they can let them fail and pickip the business. A Chinese operator maybe but definitely not TUI, the restructuring costs of closing high street stores and redundancies etc would be too high to be worth it.