Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
whilst expected - of course they would cash out now, one of the best shorts in history !! does this also possibly signal more credibility to a deal with C ?
Its just looking incredibly cheap at these prices -
Hope your not in HUR Sauer - they seem to be teetering on the brink at another 12% down today - cant believe that SP now
Me too Sauer although topped up a few k this morning - i am thinking of buying a lot more but a little nervous i have to say
This drop is a general market jitters not PMO or Oil focused - its the banks dragging it all down - i hope :)
I was seriously thinking that we wouldn't see a full blown market correction until after the November US election but sometimes i guess even these things Trump and his cronies cant control - lets see if the contagion carries across the pond and see what happens in US markets later -
reaction to the news surrounding HSBC, Deutsche Bank and Stan Chart - let the MM's play and take their money, will get a bounce later for sure, lets see how the day plays out.
If i was a gambling man (and i must be investing here). then i am putting my money on some kind of deal with C at the end of the day.
SK, this seems like typical Tony processing.
I think he can actually see the flaws and issues with a refinance and being once again at the beckoning of the creditors at their whim. I am sure he doesnt like that and sees this as an easier option and giving them a lot more leg room and possibilities and (more importantly for his greedy little mitts) , give him more expansion possibilities and ability to live out his delusions of grandeur (unless they sack him of course - but then he will probably get a golden handshake)
Not sure what type if investment or takeover BUT IMO this is going to brew in the background and IMO a lot more to this than meets the eye.
No smoke without fire as they say !
And a chunk more at a tad over 18:)
.
to see an offer on the table by Chrysaor in the coming few days - the writing is now on the wall
Agree Kenni
But Tony can be read like a book - he is merely a puppet to his creditors and a few others i am sure. He only releases things when its prudent to his own mission and so we know there is more to this than meets the eye. Was it merely an RNS to update us all OR was it released to benefit SP action and future dealings he is attempting to conclude -
Ah well, the proof is in the pudding - no smoke without fire as they say - i personally believe a lot more to this than meets the eye and this is more likely to head in that direction. But as always ready to be provde wrong - i for one am still holding here (yes sold a few on the spike) but will buy more on dips again
"To date, terms of the transactions discussed do not, in Premier's opinion, provide better outcomes for either its shareholders or creditors than those proposed under the heads of terms announced on 20 August 2020"
Why? Haha Tony, because you and your cronies would find yourselves out of a job and who is goign to employ you in this market when oilies are cutting Opex - do whats best for your shareholders Tony, just for once and make sure its in your shareholders best interests, not your own please !
that TD is quick off the mark to release an RNS when it favours him/them
On 20 August 2020, Premier announced that it had agreed a heads of terms for a long term refinancing of the Group's debt facilities with a subset of its creditors representing over 45 per cent of the Group's debt facilities. The proposed refinancing remains subject to a number of matters, including creditor approval, which is progressing, shareholder approval and a minimum $325 million equity raise.
Premier notes this afternoon's press speculation and confirms that it has been in discussions with a number of third parties, including Chrysaor, regarding alternative forms of transactions to secure the long term refinancing of the Group's debt facilities. To date, terms of the transactions discussed do not, in Premier's opinion, provide better outcomes for either its shareholders or creditors than those proposed under the heads of terms announced on 20 August 2020.
Discussions on such transactions continue to be explored, in the best interests of all of Premier's stakeholders, but there can be no certainty that these discussions will reach agreement.
Kenni, i think many PI's here like DBNO dumped on the rise and caused the pull back but it seems to have 'legs' and still plenty of significant buys going on in the background -
its trying against all the PI's selling to pulll back up again,
as i type plenty of buying going through - something is up
Did anyone notice how easy it was to sell ! I dropped 70,000 and they sold instantly. is someone hoovering up the shares in the know of something much bigger - they sold far far too easily IMO but hey ho WTFDIK
Probably IMO, most likely news on RI price got leaked
Remember its a very LEAKY ship !!
Something got leaked in advance