Member Info for shamI89

Things were differnt then, a lot of Opec members were going through hard times and some of them were struggling financially.Today situation is ten times worst . Think Russia took the gamble in anticipation that demand would get back to normal once corona virus is under control and hence they dont need to cut the production.

They tried doing that in 2014/15 and lost their market share.Shale oil producers survived 29 dpb , why cant they survive it now. At the end Opec was forced to cut down production . Right now Corona Virus is driving the price down and once it is over market would recover.

There were some issues with their assets and work was carried out on them.Think Tullow's current production is either 85000 or something.So these figures are not correct.

Company was looking to sell its stake in Uganda and Kenya.Ugandan assets could not be sold due to a tax issue and company was negotiating that.These two assets could bring down debt to a manageable level.

In these sort of environment speculation plays a part.I do recall hearing similar things about premier oil when it hit 19, next day they acquired the EON assets and shares were suspended.They got suspended at 21. Tullow has pretty much told us everything we need to know so lets see.

I would see tullow trading this low but that is investing for you.I was in premier oil when it hit 19, update is next Friday and that would clarify a lot of things.

That is even better as any placing would be at huge discount and that would let me get in at a really cheap price. This is not traded that often so small volume is needed to move it either way.

Poential is there in the form of bleepa, a guy who used to be a technical advisor to Bil Gates wont join an aim minnow for no reason. NHS pilot project is alive and we will be updated on that soon.

You could be right, problem with illquid stocks is that small volume is needed to get the intended effect.Carclo is another one I used to hold and today only 5k worth of sales have caused 33% drop in that one.

Volume is not there and very few buys/sells are needed to drive the price. Right now it looks.like seller we had yesterday has gone.

Not in at the mintue but watched Tom Oakley's interview and he looked confident. I always thought that it would take more than three months,havibg said we are still two weeks away . Company may start other pilot projects soon.

Got to say you have really strong nerves, I was talking to someone other day and his portfolio size was 300k, poor chap put all of it in tlw and it lost 70% next day.He stayed in and once day got fed up and put it in NMC and that has got suspended. I got a feeling that it shareprice would rise tomorrow but definitely watching it closely as I am baffled by D4E swap , company has spent over 180 millions on mine and plant and now was the time to start rewarding its shareholders.

You could be right, but right now none of us know what strategy is bod pursuing.Two years ago when new CEO was brought in things looked promising and he dilvered. Now when our patience was about to pay off, BOD announced an opaque RNS.

Needs to update the market to put an end to speculations company has lost nearly 60% value and nobody has got a clue about what is happening.

I think Candy brothers and Edwards own 66% shares.

Do you have anything to bavk that up, think candy brothers and Edwards own 66% combined, if through some mechanism D4E swap does not go ahead , I am really positive that company can pay off its debts and maximize returns.

Best case Scenario would be no D4E swap, but second best scenario would be if part of debt is converted into equity and rest is restructured in affordable quarterly payments.

As far as company is concerned , it is estimated to hold 1.2 million ounces of gold , quarterly target was 25000 ounces which is achievable. But bod has caused this fiasco, they should have told us more about refinancing.

Share price has gone back to end of 2017 level, but it was a different company then with no cash flow, no steady production and constantly loss making company.They turned it around in these two years , now we are looking at a profitable company, production is being expanded and is likely to hit 100k target this year.Very saw major shareholders opposed placing last year and going ahead with it now.

It depends on how many shares are converted into debt.Share price was around 1.8 when they announced it and it has lost two third value since then.