Member Info for silverknight

PC is Gyllenhammar??? I see no point in selling now except to establish a tax loss. Horse and bolted come to mind.

is an ongoing problem. Why don't they spellout the full situation regarding Athena? What does PG think of the situation and how will he react? He's losing 3 or 4 million on paper- If it were me I'd take my stake to 29.99% and get my own people on the board. Essentially they mustn't let the cash resources just drain away in administration costs.

Well they are developing their interests into Malawi and Zambia. This is option money. Place your bets.......

PG is a shrewd cookie. Reached 18% without spiking the sp. If he can nudge up tio the high 20s (percentage) he could sell on the stake or make a lowball bid.

Athena probably has about 2 years of viable production left and making a bit less than £1mill permonth. The next prospect is Sunrise but everything hinges on partners who are willing to commit the funds and rig availability. I guess that PG put pressure on the resigning directors and still think this share has legs. The best prospect is Romeo.

Assuming no change in Athena's flow, trap should have about £22mill in the bank now plus the 4.1 million Igas shares (another £4mill+) so the remaining prospects are in for less than nothing. Steak and kidney and colleagues have done a fair job of establishing carried interests but have rewarded themselves well.

I agree. Why jump the gravy train? They may have lost a lot on the sp fall over the last few years but the blow was softened by the juicy salaries. Company now worth less than cash and IGas shares. I'm sure this will come good for patient holders.

is getting too excited about a potential payoff from Lonrho.!

PG is a deep value investor who doesn't make bids. He's got it right with this one. Just needs one of the (in for free) exploration prospects to start producing.

I was very tempted at 72p. This could make a fortune or burn out. Got a bad feeling about this one but i could be totally wrong. Time will tell

I had a chat with the CEO the other week. he was a bit coy about L.R. Maybe a sale in the pipeline?? If money realised from pending litigation and asset sales, the price could double. they're making the right moves.

PG tends to be a very long term holder of value stocks. Company needs to advise holders on its dividend plans otherwise the sp will continue to flatline (Raise at AGM??) The value is certainly there but that applies to lots of small oilies.

Results are a month later than last year.Almost impossible to get information that is considered price sensitive out of companies but holders get spooked by delays. As long as Athena keeps flowing (even if more slowly) this company is fully covered by cash and the IGas investment. No wonder PG is heavily invested. Maybe he can curb excess pay in the boardroom.

Company will release preliminary figures on 24th April. No hidden nasties apparantly.

Must be imminent

I looked at NOP a while ago and didn't buy, but now they appear to be capitalised below cash holdings(?) I'm in Nighthawk and Trap (similar situation) and both attracted Peter Gyllenhammer as a major investor. Can there be more scope for disappointment??

Combination of micro cap status and location makes this a speculators delight. Even without LR sale it's fairly valued -with a sale the price should double (fingers crossed)

Clearly Leopard Rock is a drag on the overall business. I'm astonished at the prices of property in Zimbabwe given the political shambles the country is in. A sale would be transformational and bring forward profitability IMV. I bought at around 10p and it's tempting to top up at this price

If they can offload the surplus fixed assets at market value it will bring in nearly twice the current mv. This would leave two profitable operations and lots of upward scope

Business will not just stop within Russia because of the Ukraine situation. We always get a knee jerk reaction to these situations and the sp is recovering already. This is a sound business with incredibly high occupancy rates so I certainly wont be bailing out.