Member Info for smalltrader

Market is reacting that trading update is not good because there was not much debt reduced? but it did reduce as per the guidance although bit low...missed out by another $100-$200 million? Don't think anyone was expecting that the update would report debt less than £2billion by this year end? Also Catcher production was in full throttle only in the last few months so any contractual oil sale could not be done until there is a consistent production and now that we have consistent production so we could see debt to come under $2 billion by next year end easily? Also TD has done good hedging for next year.

would be nice if there is any expert here who can come up with some calculations regarding the debt reduction next year end based on the current production levels and capex/opex costs.

Mvp431, exactly that is how I ended up with a big loss here! everyday thinking it's too late to sell now :-(

Members, no one is happy with the way SP tanked today but am not sure what more were you expecting in the update? The update was inline with the expectations and the debt was reduced as per the guidance. PMO hedged second half of 2018 under $70 although almost on avg POO was at $70 but this is already known. Alteast there were no major problems cited with the projects in the update and they have done nice hedging for 2019. TLW had nice reduction in debt of nearly £700M compared to £280M from PMO but PMO could see bigger reduction in debt next year. May be some bigger institutions bailed out of PMO considering the volatility in oil and other uncertainties in the market. Would be interesting to see any TR1s in next few days. Only when positive sentiment with oil is back institutions will load up again to take PMO back to 120s. I did not top up today yet. For now my shares in bottom drawer.

me too sitting on a big paper loss in both PMO and ENQ but I feel this will go up may not be so soon but it will go back to 120s. All those like me who regretted for not buying this when it was in 90s before moving to 146 would load up.

OPEC will cut the supply despite that idiot tweeting and oil will bounce back to 70s. We may not see 80s anytime soon again.

what goes down will go up and PMO is not going to go bust. To deal the debt, in the worst case they can still sell the big assets and PMO has been good at finding buyers for their assets. Current situation is temporary. Who thought that oil will fall £20 in one month! just leave the shares in the bottom drawer and come back when markets settle. I just need to find funds to bring my average down.
I may do a top up now in PMO as I feel we may not see 70s yet but if it goes to 70 then another top up surely. I just need to decide whether I should top up ENQ or PMO now.

To me the trading update was good and I do not think SP is going down because of the update. It is all the other factors going around in the market. Those who claim that TD should be removed, I don't support them. TD had done a very good job and really did very well in 2017 to get the most complex refinancing done. If it was any other CEO then surely lenders would have pulled the plug last year in 2017.

GLA

Many small cap drug developing companies had offers even before the start of phase 3 trials so am sure there must have been offers made to MTFB as well and GL would have rejected them as the offer could be much better after FDA approval.

SP would rerate as we get closer to FDA approval and it will rise quite substantially once FDA approves it.

Remember we are in the antibiotics space where new antibiotics are needed urgently so deal announcement wouldn't take much time once FDA approves it. Recently AZN made offer within one month after FDA approved a drug.

The fact that SP is holding up nicely considering the macro factors around the world, this is the best share I have in my portfolio.

slide 18 is new compared to past presentations and in that slide, it is mentioned about deploying MSLs, Account Directors, Sales Reps!!! But in the slide 20, they still mention about partnering with a company

If OPEC in Dec decides not to reduce the supply then seriously some manipulation is going on behind the scenes. They may back that decision saying that Iran waivers are only till May so reducing the supply now could lead to high oil prices but that is not the reason for such decision as OPEC wants high oil prices. Also it will be very difficult for Saudi to convince OPEC members to not reduce the supply considering the oil price and the over supply coupled with less demand. If Trump tweets again before OPEC meet saying that Iran waivers is short term and OPEC should not cut the supply and if OPEC believes him again then OPEC will not see $70 oil in all of 2019. So I reckon OPEC would agree in Dec meeting to cut the supply despite Trump tweets/warnings. OPEC could say that it is not decision of Saudi alone to cut but unanimous decision by OPEC members. OPEC already said on Nov 4th that they would reduce the supply. Trump could pressure Saudi to convince OPEC members to not cut the supply but with oil in free fall there is no way OPEC could agree to keep pumping unless oil bounces back to above $70 before OPEC meeting!

well since last one month the red number with loss was flasing in my account!

within 1 month oil down from 80s to $67! who would have thought that? something is brewing and someone is behind this..ofcourse one is that idiot fat orange

It all looks to be orchestrated either for a bounce or keep the oil below $70 for a while

Saudi should not be scared of that idiot and just turn the taps off immediately and not wait till December. Surprising neither of the other OPEC members are complaining about the fall in oil. Looks like muppet Trump may not be really muppet and puppet rather he is controlling OPEC and non-OPEC just by tweets. He is calling for oil to be much lower than current! When he did poorly in mid-term elections, why is the world still scared of him?

I think we will see $70 oil again only if OPEC decides to turns off the tap in Dec meeting! Just can't believe this drop within 1 month! You just can't take eyes off from these oil stocks!

Ivy, if you have a chance to chat with GL then would you please ask about AdComm meeting? Whether there will be one for IClaprim? Are there any timelines about AdComm like if such thing has not been raised 3 months after NDA then there is no Adcomm meeting and we are on our way to approval?

If you already know the answers for the above then please share. Thanks.

Jefferies conference is tomorrow so hopefully we get some good news by the end of this month about partnership!

Ivy, why do you say that you will know more next week? Are you expecting some news coming out next week?

My bets are still on deal announcement in this month!

GLA

wow! what a surprise! BigMJ said he is joining new job and there you go it is officially confirmed where it is!

Congratulations BigMJ!

With converting his warrants into shares and his existing warrants expiring by Jan 21st 2019 so he might convert the rest into shares if we don't get listed before Jan 21st 2019.

In the latest RNS, it is mentioned again about re-listing back on the market so am very happy with the RNS and happy for BigMJ!

ATB BigMJ and every other holder!

Eagerly waiting for LION to roar back again!

where is this guy BIGMJ?

He was boasting that we converted the warrants. Really? Is he really the holder of those warrants from RNS notification? May be he was fooling us all and enjoying that we all lost money here

Or may be he is also just hoping like us that shares will be readmitted!

should have sold it for 50% loss instead of losing 100% here. I got in 6 months back for a quick trade and got stuck and thought to wait after believing in the story of Goldbloc.

If you read the RNS about that suspension, only the chairman mentioned in his comments that they aim to re-list in Q1 2019 but CP in his comments, did not talk about re-admission of shares.

I still don't understand how FCA allows companies to vanish with shareholders losing their money overnight.
losing money by trading shares is different from losing entire money invested due to company vanishing. Mind you company is still running the business so why have that bloody 6 months rule for compliance? why not penalty the company in monetary terms if they do not file within 6 months or make it as a criminal offence if not listed within 6 months and that would then not allow companies to even think about de-listing at their will.

I think we should all start a petition about this and if we get 10,000 signatures then it will be even discussed in the parliament. I lost money in AFREN too in the same way.

BIGMJ don't fool us and comment on the above and tell us if you really are a shareholder and converted the warrants.

wow! look at the volumes - 260K SELL and only 1 bought

all sells in tranches of 10,000 or 15000...orchestrated one....trying to panic PIs...am not selling mine....expect bounce soon and back to 30s....I will try to buy more if it goes any lower

Although not mentioned in BBC article but Iclaprim seem to be talked about widely in health journals -

https://www.contagionlive.com/news/iclaprim-shows-consistent-potent-activity-against-beta-hemolytic-streptococci

The above article is dated 24th Sep 2018.

That particular BBC article did not mention about any drug. They just gathered stats about how many are infected and in what regions but did not mention about who are the players developing antibiotics and not even Vancomycin!

So stop worrying about not being mentioned in BBC article...it will be mentioned in Feb 2019 for sure!

I still believe we will get the news about partnership this month before the holiday season starts instead of leaving it till the last minute. As the tie up before the FDA approval(which is almost certain) would benefit both the partner and MTFB as well as they don't want to delay the commercialization as soon as FDA is approved. It is waste of time to start looking for partner after FDA is approved.

Although recently we have seen news about majors doing the deal only after a drug is approved.

If we don't hear any partnership news this month then it will be only after FDA approval and in that case we could see big movement in SP in January.

May be market is ignoring the build and that is why oil is up a bit ! :-) Once US mid term elections are over market may improve and volatility may reduce including oil sector...so after Nov 6th we may see rise in all sectors

has given bit of hope as I did not expect another warrant conversion after the issue of last RNS about de-listing.
They also mentioned that the shares would be added to the market once the suspension is lifted!

Something big is happening behind the scenes.

I just have only one doubt and hope someone can clarify it instead of shooting me down! All this conversion of warrants to shares allows big investors to get some stake in the company but does that mean that even if the company is sold privately without relisting, then these warrant holders can get their money proportionately based on their share holding currently? So if company is sold privately then CP or any other big investors can get their money based on their share holding or it doesn't matter with the number of shares they hold when a company is sold privately?

I'm just thinking whether this warrant conversion to shares DEFINITELY means that those warrant holders are confident of LION re-listing back or just building their stake in the company and get the money back even in the event company is not listed but sold privately? Can't they get their company based on warrants they hold without conversion to shares if the company is sold privately?

Helpful if anyone can share their thoughts on the above. Thanks.

LION definitely has assets that can fetch big money if there is a buyer of these assets and I hope they don't sell it privately but re-list back on AIM soon in Q1. If it is listed back on AIM then it would benefit CP and other big stakeholders considering the amount of shares they hold and when SP increases, they make more money than selling it privately unless they find a buyer who is throwing big money otherwise CP has to work really hard to see the value of his shares in the company and that can take many years. So far he did well with Railsbank and the progress with Goldbloc but still didn't understand why they did not relist back.

I still have AFREN listed in my HL ISA account. It went bust 2 years back but it is still listed with number of shares that I hold etc only thing is that I cannot trade them. Even if AFREN gets listed back with another name in AIM, then my shares cannot be traded.

So I believe with LION as well, they will still show up everytime I login to make my face red and angry but if LION gets listed back with SAME NAME on AIM then these shares can be traded.

Just can't believe that bloody LION is de-listed. Biggest loss so far ever! I just hope they come back again but 6 months is bloody long time now and they said Q1 2019.

"
Lionsgold shares will be cancelled from trading on AIM on 12 November 2018. The Board remains committed to restoring the Company's shares to being quoted on AIM and is targeting a date in Q1 2019 for readmission. The Board apologises for the lack of liquidity for shareholders in the interim.
"

They said this is just "interim" so am hoping that they will relist.

Also we will receive another RNS before 12th November about other businesses. But that will be the last RNS and we will not receive anything after that as the company will be de-listed so no mechanism for LION to send updates to shareholders!

Topped up at 1.43! By Nov end and beginning of Dec we will be back to 160.

Brexit is still far away no need to worry but am sure to sell out before Jan as the new year could be a disastrous start for FTSE!