He will now be crazing ADFN....poor them.
I am sure he will be back...over on the ADFN site he was starting to suggest he his actually part of a "team" buying
I am not say I have brought much to the table on this BB like some, members/much/Ov/frogga etc etc and I am guilty of really disliking the BoD, but that because of MY preception of their track record. Any reasonable aguments are always needed and should be encouraged.
Any way please just filter him on return....he has never ever supplied any relevant facts or fact based counter arguments.
On that note peace (and quite for a while) and good will to all.
We all know we are all (I am guessing) in to the end...and hope PMO can pull the rabbit out of the hat.
Normaly filter the rampert ramper but after seeing the horendous post that were placed over the weekend I complained.
If we have a reprive gents can we at least conduct ourselves to decent post?
Really interesting with the attack on PMO...which obvioulsy affects our own well being.
Sand to see that you are doubting again Oily again....I have heard nothing via abz. What ever is happening up there....I am not expecting any clarity for a while yet.
The RNS was just a clarification on the sale...but I feel cyan (adfn) done a decent summary.
They kept their position hidden and were forced to report? or did so to un nerve the market and reduce their because they know the game is up.
All depends on their buy in numbers when was the last time this was over 90p.
The debt restructuring "info" further info attack.
These asian shorters are like "Evil Corp".
PoO good, looking like SP on its way back up. So I am hoping these boys attempt to spook PMO investors enough to get out ends VERY badly.
Wonder what other bad news will start popping up. Would it be a boost again if the financial authoritys announce an investigation or would that spook. Possible dependent on how the news was reported.
Bought for cash US$11.9 million
Sold for US$11.5 million
Great got some shares now in an major oil company too. Hahaaaas...no wait...no..hahaahahaa
The 12+1 monkeys snatch defeat from the jaws of victory once again.
Lets hope PMO hold hold up...definate attack by the shorters going on with all news /info releases. Seen a drop but guessing it will rally...if not the manipulation is really obvious.
We have our own shorter attack today...but its RKH BoD's. Cant make it up really. Good job PoO is up.
GLA, from a highly amused Sft (you have to laugh otherwise....)
Cont. Or release news to try and reduce the sp
See PMO bb
"Premier Oil seeks to extend due-May 2021 restructured debt but faces pushback from hedge funds"
It will come out in the wash...but having skin in the game makes you see things that no normal managed investor get to. AIM really is a steep learing curve. Especially in this volitile Oil and Gas sector.
Now that the Mail on Sunday has printed I wonder what if there will be any comment from the financial authorities?
Interesting that after the sp rises on Zama news, We then get the release of information on the size of short and now information come up about: "Premier Oil seeks to extend due-May 2021 restructured debt but faces pushback from hedge funds" and from a source from Asia?
We are mere toys for others I fear?
It would be good to see these shorter under the cosh. That size of short must be known by others and as others were saying on the PMO board it could encorage other to do the same. With the "lenders" having such internal knowledge of PMO's affairs you would have thought that by shorting "leverging" they would (not sure...anyone) have more/ inside knowledge of PMO's day to day status giving them a unfair advantage on trading??..but if that is the case would they have already started to reduce their position?
Dislike them as much as poor (12+1 Mnkys) management (-;
Also here is the link to the artical (from "manics" ADFN)
Does make you wonder how many others have taken similiar or assosiated postions when in the "know".
Really facinating posts from 03:50hrs (actually start on the matter a bit before but the main thread starts off by NSTAbz at the above time) on the LSE PMO bb regarding the short taken on PMO.
Worth a read (IMO).
OPEC+ plus meeting 5th /6th Dec with the Aramco IP you would think they will deepen cuts
If they do not more buying oppertunities ahead...unless there is a tranformational RKH annoncement before.
Who, what, when and if rule the day
2413, are these industry contacts i.e "from what your hearing" could you expand?
Seems like a real amount of work and money would have gone into the UKEF submission and a rejection would be very disapointing.
That being said, PMOs work for the UKEF submission would I imagine be very suitable for proving the viability toward prespective partners.
IF the UKEF was prepared to fund but PMO felt the now did not need it?
Any real knowledge i.e from those involved or is this YOUR opinion?
Do you have any understanding who would be a suitable partner given the Argie's economic threat to those that want to develope in the FI's.
Eddison also provided a limited update on the 27th
Balance now $27mil
Their Jan19 OM assessment was $16mil
"We estimate this will be recoverable at c $16m on a risked basis in our valuation but press reports suggest it could be materially higher with the claim running up to several hundreds of millions of euros."
Has the 12+1 stated what they expect was it 30 to 50? Or is that BB personnels estimate.
2405, if you could take the time to actual debate, discourse or intelligently counter posters comments. Your own may be considered insightful rather than just inciteful.
Things may be afoot and we may survive...but I still say down with the 12+1 monkeys. They are inept.
Kind regrds Sft
Oillesky, the 12+1 monkeys are being true to form in their silence. So it can not be a suprise to any of us. My genuine hope is a buy out. How anyone can see them safely navigating RKH to further (sorry ANY) successful projects is fantastical.
Lets look at all the RKH projects that showcase managements real acumen........
1. Take over of FOGL
2. Contract type with PMO...they even get a loan if they need it at 15% interest (was this signed in the 1980's)
3. Egypt the profit over the period as the prices has yet to be confirmed i am doubtful that they even made a profit i.e. tax and drilling
4. Italy OM...more like OMG
The 12+1 monkeys have clearly demontrated that they on every occasion can : Snatch defeat from the jaws of victory on ANY proven occasion.
So ANY words from them other than "we are being taken over" is like listening to Corbyn at a holocaust remembrance speach.
Should be an interesting Monday for the sp. PoO not holding the way the Saudi's what it to; in advance of their IPO.
If there is no "news" put out by PMO (RKH 12+1 monkeys will be last to find out) what's the bet that this SP will be firmly into 14p.
Some buying in/topping up too early again? Although hard to know where the new bottom is as usual. How many false dawns are left. None now.
RKH is now (as others have mentioned) becoming a really cheap take over...less than the price of a Premier footballer?
What do we have as options that can occur (as Aberdeen news and signings):
1. PMO anounce UKEF funding approval and partner farm in
2. PMO /12+1 Monkeys announce take over merger.
3. No news comming this side of 19
4. Doubts on the PoO in the short term OPEC+ signing
5. Conformation UKEF has been rejected
6. Would a sign off /sale of Zama happen in ABZ?
Are there other options?...what of the above 6 is driving this sp down..or is it just the small pi's (us types) are dropping their small holdings. I doubt that although selling egypt abu could have spooked them?