Member Info for shamI89

But how can anyone not see what is happening. Share-price started falling in January when bondholders started converting. That should have alarmed private investors as you can attribute 5/10 % to "bedwetters" but for it has to be hell a lot of coincidence for it to lose 10% everytime bondholders convert. Funny thing is we have idiots sprouting same bs blaming "shorters", "hold on tight", "mega resources" and "this is last tranche". Only bondholders know when this equity conversion stop and boy there is no way private investors can absorb that sort of sells.

Who told you seller has finished selling as I can see some big sells even today. Hurricane did have 70% money and bondholders tried to impose debt to equity swap few months early. However this company has just enough money and we had H1 trading update last week total revenue was 9.6 millions for six months. Not enough when you need to pay 100 millions plus interest next year

Bondholders would dictate where it will stop and they have no intention of slowing down. Which CEO in his right mind would enter this sort of funding arrangement?

Lol report whatever you can, are bondholders not converting to shares and has shareprice not fallen from 16 to 1.7 this year alone.

Looks like we will hit 1 anytime soon as bondholders have no intention of stopping. We are seeing some big sells, selling pauses for a while mug punters jump in and selling resumes.

Trying telling them that as they have taken over countless companies because they could not pay.They need to get their money back!

Lol going through your post history you are one of those "investing geniuses" who thought they can fight bondholders. It is a two edged sword as not only bondholders would drive the price down to convert more debt to shares, they would also sell their converted shares on the way back. Win win situation for them.

Should be sacked. Gary Newman and Tom winnifirith warned against these but we're rediculed. They have proven to be right, nobody knows where it will stop as every day mug punters get in to take advantage of "low price" for bondholders to convert more shares and that drives prices even lower. No one knows where it will stop and how low shares would go. Price was 16 in January and has lost nearly 90% since then.

Let's see if an extension is granted as highly likely alternative option would result in equity wipe out where bondholders can convert debt to equity and use producing assets to recoup their money.

What about 100 millions due next year? there is a reason that this company is sitting on this mcap.

"farm in" cant see any rush to invest in north sea one of heavily taxed in the world. In fact an investor can pick a lot of cheap producing assets in north sea as too many companies are exiting.

Well hard to predict as winter is couple of months away. Right now production is 32mmscfd. In the best case scenario H1 can be brought back to production. Drilling new well is out of question. Bondholders are in charge here, as there is no way company can pay them off next year.

I share similar beliefs as market would dictate share-price once debt is fully repaid. In my mind I have one year time-frame roughly(plus or minus 3 months).

If it is found to be 24k oz and they pay off 13 millions worth of debt then net debt would be less than 50 millions roughly about 47 millions and company can be debt free in a year. What surprises me is that any reduction in debt should increase equity value but that is not the case here.

Don't need to short when institutional sellers are doing a perfect job. As I predicted trades like "poorinvester" have moved on!

Well if you got in for a quick trade and got stuck say so. Why go and write all sort of bs like heatwave in Asia would lead to gas shortage and there is a mega storm on the way which can lead to gas shortfall. Not so long ago one of British answer to Warren buffet was giving us revenue forecast of 200k a day. But comedy does not end there in his forecasts he included wells which has been shut by company due to various reasons.

Wow you have taken "spying" to next level. Yesterday you associated me with an "imaginary shorting gang" who is hell bent on destroying your "investment", today you have come up with bs. I guess next you will accuse me of interfering with drilling equipment so that company can fail.

Going through your posts coldspy, you have been sprouting all sorts of bs, in May you were predicting 150 millions revenue, some days later it was 200k a day and what is your prediction now? I am seriously worried about your mental health as this day-trading is taking its toll on you.

Hahahaha, anything else you want to say?

Make up your mind as last night you were posting about gas ptlrices, today you claimed seller is done and now you have become a "chartist". Meanwhile on-going selling can take it down to 3 or even lower.