Member Info for TheRiflemans

Todays statement certainly hasn't done anything to put present shareholders at ease. Everything is still very much up in the air so to speak.

I'd prefer to wait for the outcome of tomorrows budget. If Jeremy Hunt tinkers with either I might get an 11p or 10p entry. Probably the latter if it's both. I personally prefer the certainty rather than pensively wondering what might happen.

It's hard to argue against the downward trend on the charts and dried up volume.

3 red flags are

Including gas in hedging price.

The hedging price of only $58 per boepd on 60% until June and

Kenya

It's not just the EPL tax that they are talking might go up but getting rid of the fact you can offset investment against the tax which I presume the savvy ones do. If the EPL rises or this tax saver is taken away then they will affect profitability and dent the share price. Tomorrow we all find out.

Bondholders and stakeholders mentioned first over sale of non core assets.

Wake up call everyone.

The Budget is on Wednesday.

If Douglas Ross is having to speak up then Jeremy Hunt must be seriously considering raising the windfall tax. It seems everything is on the table to try and get a 2p Tax cut. Second home owners and even another Labour favourite, the Non Dom status being erased. You have to way up all these options for how they individually affect you, your pensions and investments and those of your nearest and dearest. It'll all boil down to which ones he chooses. Fortunately it gives people another day and a half to assess things and adjust.

AI4x PFC isn't an investment it is a gamble and with so many players that can shift the price whichever way they wish. Right now the short side seems to be winning. Being in a position where you need to refinance with such a low share price is not a good situation to be in hence the many vultures.

Shorters have it by the short and curlies unfortunately. They just keep moving it down so you keep looking at widening losses until you decide that enough is enough and call it a day.

Positive news is the only counter but it's been ages since the last update.

You are in the wrong neck of the woods.

The North Sea isn't the place to be doing business right now and a Labour Government are looking to tax it further. If that is the case things will slow and like in this case investors will not invest in North Sea assets and divert investment elsewhere.

With that uncertainty you don't buyback shares. It is better to pay down debt.

That's also why shorters can make easy money.

The silence is deadly.

Its slowly but surely moving in that direction.

The level of debt is too high to even be thinking of buybacks. It's a nice thought though.

I was looking at Fresnillo but the 1 year chart is very telling and it looks like it might have further to fall.

4Q23 against 3Q23 is also showing everything as lower, except Iron ore.

It's hard to be inspired to invest with that backdrop

Shorts are like Icebergs. You never see what's lurking beneath the surface.

29p down to 25p this week would argue otherwise that shorts are closing.

I can see 25p retested again on the downside early next week.

PFC has been too silent and as time passes you have to expect a refinancing which would not be pleasant at this share price.

Probably just under the threshold at 0.49%. It's what most do. Lure in a few new punters and raise your head above the threshold again. Trap and frustrate until they sell.

Last news was January.

So you can understand market nervousness creeping in.

Will PFC be selling stakes in businesses or how will they get much needed finances?

Just out of interest does anybody know how long you get to publish your results before your shares get suspended ?

Also is that from the date they were due or from when you announce the delay ?

9 times out of 10 eith placings they retreat to the placing price so wait till then. Sometimes they even end up cheaper.

Does anybody have a date for when Mobico's results will be published.

There has to be several write downs and adjustments coming which acts as a large Red flag.