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Mav, I assume you being serious, and you believe there is a dead cat bounce to be had here?

Surely this has to climb back up to around 800 in the next few months, assuming nothing bad in the December RNS?

and further to my post below. if indeed rg was confirmed to be the buyer at these levels, he is either completely ******ed or knows the deal to refinance/extend is very close to completion.

Anton, hope you are right and that an RNS comes out on Monday that RG bought big again, but even I who was so confident that this would eventually recover thinks we are clutching at straws, hope I am wrong, and we start to bounce back up over the next couple of months on the basis that news starts to filter though that we are close to a refinance/extention deal in regards the bonds expiring in May 2026 and the 200 million owed is paid in full.

Thanks Favius on your thoughts, just like you I am exhausted to find out how we are in this position and no.action to safe guard the future of this company and the little old share holders like you and me was taken much earlier..but we are where we are, reminds me of Afren....lost my life savings there at the same time, maybe I should have learnt about business in Africa, where everything is so corrupt, to qualify no offence to anyone in Africa who deals and works within the constraints of normal law and order.

If that is the case Flavius, surely international law should interveen and make them pay their dues?

I suppose in the cold light of day, the way to look at is, all us long termers and dreamers have been duped. We are where we are, all the bad stuff is out for all to see....all we can hope for is that the oil price recovers, plus any new Wells actually produce plus any payments out standing are paid in full...as there is not much between the 5.8p to Zero....just depends on your risk profile, maybe if you brave enough to buy at the current price, you will come out with a 100% profit.

Another role of the dice situation. From here to zero is another 6K loss to me, so the question I am asking myself do I stay in with my remaining holding, having solid out earlier the majority of my stake. Like u Anton, I had prepared my head for 6p, and sure as eggs are eggs we are at 6p.

That is what amazes me why would have RG put so much of his own money into this. Surely he knew more being on the inside?

That is what amazes me why would have RG put so much of his own money into this. Surely he knew more being on the inside?

Not sure what to make of this;

"Tullow is engaging with bondholders, commodity traders and other private sources of funding with respect to the refinancing of its capital structure.

However given the risks associated with business performance, wider market conditions and the upcoming May 2026 bond maturity, Tullow is progressing alternative options with certain of its creditors, including an amend and extend exercise and other forms of liability management transactions."

FDM, we have both been in this a long long time, up to now has never failed to disappoint from share price point of view. Maybe it blind faith, that this will come good for us eventually, just look at why would a director buy so many shares if he thought there was no chance of a refinancing? Why would a new CEO join if he never thought he can move this on, by risking his reputation. Oil price is depressed at the moment, surely that has to improve eventually?

All in all we could see the 6p tomorrow, to take the stock from people who panic and sell on the news tomorrow, only to find a month or so later the company has managed to re-finance, surely that should warrant a price of a minimum 15p if that was to happen?

Good luck anyway which ever this ship sinks or swims.

It coz Barclays missed out and want to buy in cheap.

Looks like the share price is drifting lower as the company stays silent regards re-financing progress.

You could not make this up if you tried clearly 2 brokers got together to malipulate the price for their mates in the game, by Barclays saying underperform and this lot saying buy with a price target 800 a day later. Really???

Yes I did see that later on Mav, if only I had a little more patience, would have come out with about £700 instead...a profit is a profit I suppose.

You have a good weekend.

Thanks for the info and your thoughts Maverick, on you mentioning it this morning. I did take a blind punt, and have just cashed out for £100 quick profit, but I will keep a eye it to see if I want to take a longer term view on GENL. Was in it some time ago when it went from about 150 to around 300, but unfortunately for me I never took any profit as I watched it go all the way fiwn again and past tge price I original bougjt in, such is life.

Maveriick, weldone for taking a profit, just wondering what is your price target, in regards GNEL?

Sparhawk, thanks for the link, having read it all makes perfect sense to me, but wil it to the accounts clark in No. 11, and Mr Bean Milliband?

Barclay's doing all they can to help their shorter mates to get out with some profit....as the price was recovering fast in the last few days. What a corrupt market this is. You only have to.look over at TLW, how corrupt they are...