Member Info for StanleyPro

Luckily, HOC does not operate in the ME and PM prices are slowly recovering. Hochschild needs to get Mara Rosa going on time (in Q1 2024). This combined with a reduction of borrowings and increased cash should put us firmly on the road to 150 and beyond.

POWER, that's the most important aspect

How about a 9-year low? I think someone from the company has to come out and reassure that everything's in order with their finances. You can't tie this downfall to a technical analysis, searching for some levels where any large volume was last traded a decade ago. I hope we can pull through this crisis and I'm starting to get worried for Marshalls.

As an example of how influential the govt. can be... this was directed at other officials.

" Or alternatively they're going the green route and leaving their oil in the ground."

Well, you can put it that way... but it just doesn't look like they're willing to let Tullow or anyone else to extract their oil. The FDP has been delayed for ages and it would be nearly impossible to reclaim any costs.

Wouldn't be a bad idea after all, as with 89$ oil you'd expect the SP to be a lot higher. A positive outcome in Ghana tax dispute may give us some boost... Also, my view hasn't changed on Kenya, I don't think TLW should be spending any time and effort there and instead focus on other things.

And what is coming?

Not Q1 but H1, which means Tullow has to pump at least 62.5k per day for the rest of the year to meet the lower guidance of 58. Let's hope they can deliver.

Anton, I've just checked the RNS again and it says it all: "First half working interest production of 53.5 kboepd". This is the meal Rahul actually served us. The end of year guidance is based on high Q3 and Q4 estimates. You said "nonsense" as if we pumped 65kbopd for the entire 2023, which is not the case.

If it was a poker game we should fold! Too much money has been poured into Kenya over the years and now there's a huge pot but we just don't have the cards! We're 3-betting with 2 7 off suit. Guys, wake up and smell the coffee. I want Tullow to succeed but we're running out of time before refinancing. We must approach that date having plenty of cash in the bank. Tullow urgently needs to up the production, low 50s (kbopd) is simply not good enough!

Without the FDP approval from Kenya even TLW shouldn't be spending too much time on the Turkana project, as I believe that Kenya already owes us a lot of money that we'll never see. The harsh reality is that Rahul's indian mates have made a U-turn, Total has written it off... I reckon we would be better off making progress in some other jurisdiction. It would be better to add 20 kbopd production over the next couple of years than to just wait indefinitely for an imaginary 200kbopd in Kenya, which will never come to fruition. Why not have a vote on Kenya at the next AGM?

I have a lot of shares, which boosts my confidence but anyone can do whatever they wish, so #notAdvice just in case:)

Below is just my interpretation of TA. There are no obvious short patterns or any strong divergence with the RSI. Moreover, oil prices are high, which does suggest the uptrend on the daily chart is likely to continue.

Royal Asset Management have increased and now hold over 5%.

33 is the next support, which is exactly on 0.382 fib retracement. (Low at 21.88 and high at 39.88). Then we'll be on our way up again to test 40p.

Bloodbath again, all markets and commodities are down but we've been hit the hardest... so just topped up with a target of 95.

Construction materials are required no matter what state the world is in. £600m mcap is a joke, all imo. If I had the money, I would've bought the whole group now.

At rock bottom. Marshalls has been the worst performer in construction sector over the past week. What's going on?

Because AlixPartners were on Cineworld's payroll during Ch.11 and most likely advised on that outcome. They're appointed as administrators now so of course they want to make the transition as smooth as possible. Their job is to take the company away from us and pass it on to the lenders, not to scrutinise or critically analyse valuations.

They would be looking at taconic losses by the end of the year it seems... or maybe sooner.

@carter19 you may press the reply button to stay on the same thread. :)

Marley group asset won't be included in the mcap at face value because other factors have more weight. To put it simply, at the moment borrowed money could only be repaid from profits because re-financing options are extremely limited. If divis are slashed, we'll end up below a quid. Not really looking forward seeing the results later this week because I'm stuck with a high average here.