Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
A sea of blue buys again prior to close.
Friday's open should see circa 11p I reckon. This is definitely a long term hold.
Let's see if we can close above 11.5p.
Once the bonds are repaid in July should see sp fly IMHO.
40P+ is not unrealistic.
The sp should be around the 24p+ mark as things stand based on values. Once the bonds are repaid in July 22 and if poo stays above $100 which is very likely then I think 40p+ is achievable on the sp. Remember Hur has $109 million in free cash currently with 2 shipments due before bonds are repaid, 1 in May and 1 in July. That's easy another $100+ million for both shipments.
Therefore even once thr bonds are repaid wd should have circa $120 million of free cash in the bank not to mention the $100 million tax rebate.
Lots of ridiculous scaremongering going on here, people should be utterly ashamed of their deliberate lies aimed at Hur.
Hur has plenty of oil from one well at Lancaster alone to carry on for at least another 3 years+.
But overtime more will be added or acquired to Hur portfolio.
I agree the current management team has to go though. We need a team similar to what Tullow has has for the past 12 months or so. Tullow is back on track.
Some fake news being reported in earlier messages on this BB.
This Article gives the correct March offload figures. (Proactive Investors .com)
2022-04-20 08:47:00
Hurrican Energy sold its most recent batch of crude oil for US$60.5mln, boosted by higher Brent prices.
The UK offshore oiler said the 524,000 barrel shipment was lifted on March 22, with the sale price set at US$116 per barrel (representing the average price for the preceding five days), according to a statement.
Hurricane said it had US$106mln of net free cash as of March 31, up from US$71mln at the end of February. It follows the movement of some US$9.4mln into restricted cash as a new charter extension was agreed for the Aoka Mizu FPSO.
In the statement, Hurricane noted that some US$78.5mln of convertible bonds are outstanding and are due in July 2022.
As the company continues to scurry cash, to escape its debt pinch, it said it produced an average of 9,085 barrels of oil per day (with the water cut averaging 42%) from a single well. Earlier this month it guided that output would soon dip due to annual maintenance.
[PS - March 22 shipment was $60 million. How on earth can Lancaster only have $70 million of Oil you numpties. The figure on a worst case scenario is $700 million. ]
Re Senseman
That was definitely a typo and is missing a zero. That should be worst case scenario $700.8 million not $70.8
The submission of an FPSO decommissioning plan was purely precautionary, to assist with negotiations on the charter extension. Lancaster has millions of barrels remaining and they are not going to shut it down in 12 months.
Re: Senseman
Good post, I'd agree with most of that.
In terms of Free Cash by July 2022, even with the repayment of the bonds due in July 2022, if oil is still at $100+ would expect easily £120million free cash in Hurricane coffers.
So that's 50% of today's market cap!!
Crazy re-rate coming up imho, certainly expecting sp to double at least from here to circa 20p range.
Lots of hefty buys towards the close, a sea of blue on the buyers column. Makes for a very interesting opening price tomorrow, could well see 11p + on open.
What if Boo became genuinely interested, I think share price would rocket to £2.00. Fantastic acquisition potential in Ted.
THIS IS MONEY Article: [By Daily Mail City & Finance Reporter 22:42 05 Apr 2022, updated 23:49 05 Apr 2022]
Maria Malone, who founded consultancy Fashion Business Hub, said she expected M&S as well as Boohoo to be looking at Ted Baker, and told the BBC: ‘We are opening up again and this could be a good time for Ted Baker. Boohoo are expanding.’
KNOWBODY ?
The fall has been done this morning, massive recovery from 255 to finish the day on 290. I think we will be back above 320+ tomorrow. Hold it's Gold!
I would vote for it at the upcoming AGM, would be a nice earner
Either way massive incentive to invest here
WIM - (if paid) the total dividend declared for the FY 2021 would be $ 0.97 per share. The $ 0.52 per share is thd finsl dividend for H2. So actually you're right the declared dividend is bloody fantastic!!
Final dividend declaration of US$ 0.52 per share
(Article dated 2 March 2022)
Polymetal announces that the Board of Directors of the Company has recommended the payment of a final dividend of US$ 0.52 per share for the year ended 31 December 2021.
Dividend declaration
A final dividend of US$ 0.52 per share (2020: US$ 0.89 per share) or approx. US$ 246 million in total representing 50% of the Group’s underlying net earnings for 2H 2021 has been proposed by the Board in accordance with Polymetal’s dividend policy. This brings the total dividend declared for the FY 2021 to US$ 0.97 per share (2020: US$ 1.29 per share) or approx. US$ 459 million (2020: US$ 608 million).
The final dividend will be subject to shareholder approval at the Annual General Meeting of the Company to be held on 25 April 2022. Assuming shareholder approval is received, the dividend will be paid on 27 May 2022 in US Dollars, with an option for shareholders to elect to receive the dividend in pounds sterling or euro. Such an election should be made no later than 10 May 2022.
HOPE THEY KEEP TO THE DIVIDEND PROPOSED ON 2 MARCH 2022, Would Be Fantastic!!!
What a DOG of a share this is currently, manipulation at it's peak! Goes to 98 and then straight back down to 88
All things being equal we should break through 100p+ today. Positive sentiment seems to be back with retailers with major gains across the industry yesterday.
Would love £2.00 but it's not going to happen this week. I think a more realistic target for the week is to break through the £1.00 barrier and hold, not come straight back down again. Also agree with the other post re. Shorters closing which is ond of the reasons why we're flying right now.
This share should have never moved from 0.22p. The fact it went to 4.0p was a complete lottery. Why should it be valued at anything more than UKOG Plc another joke of a company.
Both Asos and THG are up 10% today. Boo slightly behind at 8% (94p currently). Hopefully will fill the gap very soon.
All set for a re-rate of 10% today IMHO. Good progress in peace talks. Oil has dropped significantly to $107 from $123 on Friday. Let's see if Boo can breach 95p by the end of the trading day. All online retailers back in favour. Oil stocks sharply down.