Member Info for Urraca

I know, BB. I don't really subscribe to all the purported evil antics of MMs, but this is them clearly manipulating the spread to give the impression of more sells than there actually are.

The trade for 125307 shares at 10:14 today is marked as a sell, although it was me buying. The MM was the seller.

Planted. 490,000 barrels at around $67 a barrel comes to a little more than $15m. Are you speaking net, or gross?

Thanks slipanchor. So if that is 41 days worth, it's just a shade under 12k a day. Solid!

Well spotted Planted, the Scott Spirit has only recently moved off. Now heading to Wilhelmhaven. Can anyone access any info about the cargo weight to unload there? That would be interesting.

Davand, they are selling test for release kits. They are on the list of Government approved suppliers. This us the current validation they have. A contract will validate the commerciality of their offer. And with one signed, hopefully it will be easier for others to follow.

The validation MHC currently has is being approved by the Government to conduct test to release tests. This is good, but competitive, and it's difficult to know the volumes. Signing a contract should open the door to a significant increase in sales volume, and hence turnover, revenue and profit. More important, for me anyway, is that a contract will validate the commerciality of MHC's offer. In the same way that the first million is the hardest to make, the first contract is the hardest to sign. Once its under the belt, it will give other companies considering signing up much greater confidence.

The last RNS means there is no immediate need for a raise. I accept they mentioned balance sheet recapitalisation, but fir now they are stacking cash, and, well performance permitting, should continue to do so for the next 12 months while they firm up their plans.

It's definitely a buy. But how can such a huge buy have such little impact on the sp? It doesn't make sense,

Captain swag. The good news for shareholders is that the bondholders are now less likely to insist on a disastrously dilutive placing or forcing the company into liquidation to get back as much as they can. The reduction in short positions also indicate that the possibility of a placing below our current sp is receding. Yes of course we'd like unlimited resources and no debt. But like many other companies we are saddled with debt. But with the current oil price, its looking like there could be light at the end of the tunnel. Just a few months ago, there were no such glimmers.

Bondholders have been part of the stakeholders the management have been talking to. So they know more than us. And this recovery in the bond price shows much stronger confidence that they'll be repaid. Which is a lot more confidence than they've had for the last six months.

I see the price of Hurricane's bonds has moved sharply up this month.
https://www.boerse-frankfurt.de/bond/xs1641462277-hurricane-energy-plc-7-5-17-22
Together with shorts reducing, it is looking like HUR is overdue a sharp rerate up.
I bought more this morning.

With Brent at $70? Yes, I think it's time you cut and run. Meanwhile, I'm a buyer. What's the downside? 30% tops, on an appalling RNS, but unless they're not pumping any more oil, the price will recover. Meanwhile the upside potential here is 2-3 bags.

Good luck Dave. Selling just when the hedge funds that have been shorting HUR are closing their shorts is a brave decision, especially given the horror you must have endured to get here.

Just can't stay away. But with Brent, assuming everything else is equal, these should be trading higher. The CPR should show an upgrade, however modest, from the savage kitchen sink downgrade. The last ops RNS implied production remained on track.

We'll have to agree to disagree then Weathergeek. You seem to be projecting the same sort of utopian, communitarian thinking onto blockchain which was projected onto the internet in its early days. It didn't turn out that way. The CCP will never permit a distributed uncontrollable information technology into their social media space. You'll see. Oh, and the content producers will continue to get shafted, apart from the lucky 0.001% who make it big. Just like they always have.

The CCP will not allow blockchain. Because it can be used to encode information which once in is in. Like in the bitcoin genesis block - info which has nothing to do with the transaction being recorded. You are not answering this point weathergeek.

The thing about blockchain is you can encode a message in each block spawned. Check out the message encoded in the bitcoin genesis block, once there, it's there forever. Now imagine an 'edgy' musician deciding to encode the name of a Chinese dissident who's been vanished by the CCP in their chain. And it being taken up, so the chain contains many such names. I'm sure the CCP, notoriously lenient as they ain't, would be completely relaxed about such a prospect.

I think you are wrong weathergeek. Blockchain is a distributed ledger that cannot be controlled by the state. India want to ban it. China will ban it from entering their social media space. The alternative is completely surrendering control over information that the Chinese populace can access. In some utopian dreamworld, yes, sure, and we'll all be happy selfless altruistic communists. Meanwhile back in the real world, if Western musicians want to make any money in China they are going to have to go through platforms like this.

Be honest Weathergeek. Do you seriously expect the Chinese Communist Party to allow uncontrollable distributed apps in Chinese social media space? If any musicians want to make any money from the vast Chinese population, they're going to have to bite the bullet and go through Chinese social media companies like Kuaishou. Otherwise the Chinese may well just take it and pay nothing.