Member Info for slingsandarrows

Come on SS, you state "there is nothing wrong with GKP" - how about no payments for current and past production, a resilience level of $35 per barrel against Brent at $25.........I could go on but that would be shooting me and other long suffering private investors in the foot.
I believe it is counter productive to air such nonsense in your laudable quest to talk up the shares

This company is not doing to get costs down. The loan we have is a significant cost and surely must be paid off before divis or buy backs

SS interesting post but profit is sanity and there is no profit under $35. Cash is king and there is no hint of any payments - future or back.Future outlook is vital to the share price and all we have is darkness on FDP and PSC.
This BOD must do better.

Genel resilient at 30 dollars a barrel and they say the KRG continue to recognise the importance of payments and are expected to keep their word on them - is this the start of an upward journey for the share price? I think so

Cancel AGM and build deeper bunker

So you would drive us to the cash cliff edge with a 100 million debt on the books?????

The buy back should never have started until all debt was cleared. When have you ever thought this Board was doing a good job??? Me never.

Wiseman, I agree with your assessment of JF. I met him in Paris and he came across as an earnest but uninspiring type. An able administrator with good oil knowledge but lacking in the charisma and lateral thinking necessary to run a company like ours in the long run. He did seem to want to be a communicator but has just not delivered on that in recent times. I wonder if the new chairman has put him and the company in the bunker or is it that the key underpinning issues like the FDP and the PSC are not going well and therefore the fewer the communications the better?
I believe he has done a solid, dogged job to get us to where we are today but we now need a different type of leadership.

Not just pirates but liars too. JF said in Paris he would buy shares as soon as it was possible - hmmmmm.

You would'nt want to be out of this over the weekend!!!!

SS are you sure he can resign anytime? I think our "friends" over there would not be too keen to see him go nor indeed our"friends" over here who organised the consolidation/robbery.

I have been trying to understand the underlying implications arising out of the buy back. The company seems to have no difficulty in picking up a substantial amount of shares daily without raising the price - in fact often quite the reverse. So who is selling? Are new sellers coming forward everyday to satisfy the company's buys or is/was there a major stock overhang or is the company facilitating a large shareholder to reduce its holding?
If the exercise is about achieving a boost in share price confidence it has failed and even worse it has become a deeply unsettling puzzle and as such should be should be stopped immediately.

The buy back may not be raising the share price but it is probably preventing an even lower one.
As highlighted by Straycat in the past what really upsets me is the lunacy of buying back whilst a very expensive loan is still outstanding.
With regard to BB members interaction with the Board, I fear we are such disparate group that it is a non starter and in any case what could we say/do to catch their attention and get action? They are clearly happy with their performance as are the vast majority of shareholders ie the institutions. There may be a chance at the AGM if it isn't in Outer Mongolia.
Everything comes to he who waits.

Cutting through the hysteria,stupidity,and downright rudeness is the fact that the market has spoken.184 it is as of today. Mikey is right the current and potentially future headwinds for GKP are severe at the moment. As well as the points Mikey has highlighted I would add that the lack of resolution on MNR issues like the FDP and indeed the whole uncertainty of the relationship with the MNR is also dragging us down.
In summary the upsides of positive cash and the potential of significant future revenues are just not strong enough to counter-balance at present(mind you a bunkered management does not help).
GKP has always been a gambling stock because the risk is way beyond the scale of most footsie stocks and today the massive uncertainty around the risk/potential reward equation makes share price pressure inevitable especially when people are so risk averse at present.
I have been in and out of GKP for number of years and currently I am only a marginal player but being a gambler think that despite the many negatives the price is now low enough to risk a little dabble.

Whatever happened to constructive and heaven preserve us informed comment? Bring back Durby and co - no not really only joking!!

Saw the trades today and the sea was not green nor the sky blue it was red. Will the PI yellow submarine ever resurface? The sea will be even deeper when the buy backs end but probably hope against reality I remain optimistic .....blerr blerr bleer!

GKP go into the market to buy their shares. The market charges them 216.6 and then the share price drops to 211.Who is the winner and who is the sucker??
Question is the share price being propped up by the buy back and would fall without it or is it just market manoeuvres to earn a few bob at our expense?

It's interesting that both Genel and GKP issue the same RNS word for word and both give absolutely no reason why the payment is delayed - it is an insult to both sets of shareholders.
GKP start a share buy back and improve sentiment and immediately destroy it by their hopeless communiction approach.URRRRGH

RNS good in parts. No news on payment,back payments,FDP, or PSC ,which means this share will continue to be held back share buy back or no share back.

My feelings are one of nervousness about what kind of PSC and FDP we will be operating under in the future - a nervousness created by the total drying up of any company info on this.
All vacuums create anxiety(and usually worse) and until the company comes forward with info on future KRG relations it will be a major negative factor for our share price.
I have no idea how to get the company to be more transparent on this and other issues since they seem to have retreated into bunker mode.
I will continue to contact them to operate in a more open and shareholder manner.