Member Info for Slift

Wow, hit a nerve? Lol

Yes!
To laugh at Dickbat too!
And to post against these toxic posters!

Plenty to lose, wbu?

Lol, I have a good portfolio thanks!
All of which I can afford to lose :) Perks of being young.

Wow dividends! What are thoseee these days?

You don't even know the context of that post.
So go look it up and tell me what value they added.

I don't think I'll even invest here at 0.6p lol.

Do tell me about your losses at Intu. And tell me about your current losses with HUR.
You win some, you lose some.
I recovered my losses, wbu?

Yes, because one person on a toxic forum is going to affect the share price.
Naive aren't you lol.

Ok ok, fine. You caught me.

I'm looking for an entry of about 0.6p.

And also:

"The contemplated development activity is conditional on the approval of Hurricane's board of directors, requisite regulatory approvals and the availability and contracting of long lead items. It is also subject to achieving stakeholder support to underpin suitable funding arrangements.

At current production levels and oil prices, the Lancaster field is generating positive cash flow. However, the reduced estimates of Lancaster reserves announced in September 2020, combined with the reduction in oil prices since the first quarter of 2020, have negatively impacted the projected future cash generation potential of the field.

It should be noted that there is a risk of dilution to existing shareholders from a possible restructuring and/or partial equitisation of the convertible bonds. Furthermore, if no agreement can be reached with the Company's stakeholders on additional investment, further development activity at Lancaster might not be possible. In such a scenario, Lancaster could continue to produce from existing wells before reaching the economic limit, the timing of which would depend on oil prices, actual production levels delivered and the level of cost savings achievable. The field may then be decommissioned, with potentially limited or no value returned to shareholders."

DYOR.

Yes, June 2021.

AIM rules require audited accounts are prepared within 6 months of end of year.
With the accounts ending Dec 2020, HMI have until June 2021 before they release audited accounts.

John4242, I'm not expecting accounts until June 21.

But we should get a trading update soon, and you'll be the one who's proven wrong :)

Some upset old timers here.

Shouldn't you all be worrying about your investment rather than me? lol
Use the filter option if you don't wanna hear the risks over and over again!

Now now Dickbat, I'm not here to protect anyone. I just highlight the risks for everyone because being positive or negative doesn't make a difference to fundamentals.

I'm also here to laugh at you remember?
Or do you have problems with memory?

And another day closer to dilution.

3rd week into January with no trading update.

Patience is being tested, but hopefully we are provided this update in January.

"Antony Maris as an Operationally savvy/experienced CEO (well suited for HUR at present)"

Antony Maris is currently in his FIRST role as CEO at HUR. He has 4 months CEO experience lol.

fandg2,

I disagree.
Contracting the rig is part of the forward work plan. HUR will be committing to 120 days work of drilling if they contract a rig.
Should the financing NOT be in place, HUR will not be proceeding with the drilling.

So HUR will NOT be committing to pay for 120 days work for a rig if they will NOT be proceeding with the work.
As per the RNS dated 18th Dec, Lancaster will continue to operate as is until uneconomical should there be no funding.

Thanks Dickbat!

I have plenty money in other investments, some I don't even post on their boards.

Got nothing better to do in lockdown init.

Yeah.. I don't think so.
Don't forget that businesses also need liquidity for movements in cash.

Debt rollover for interest only would be for companies with a good balance sheet and capital structure. Bondholders would want a stake in the forward work programme as an insurance in the event the company folds.

So I'm expecting partial debt for equity swap as well as $60m cash raise.

But we'll see won't we?!