Member Info for winalot

I have lots of green filtered boxes today meaning there is a lot of drivel being spoken.
If people just ignore the doomsters, they'll soon get bored and move on, but answering is just fueling the fire.

We should soon receive correspondence from CA regarding their investigation into the matters raised by the shareholders (led by Senseman). As per my email back from David Craik dated the 1st of Oct, he said "We will convey our findings within a month."

Depending on what they convey, this might help the share price a little or at least lay another building block to rebuild where we once were.

It will take time, but I believe with CA 'back seat driving' things will start to look up.

Cowboysteve,
Even with the 1 month extension the reporting period will still the same for the interim result. The extension was only requested due to the board changes and the newly appointed auditors. Therefore the balance sheet on the interims won't account for the recent uplift. However they will give an operation update which I would imagine will include current cash balance as a side note.

Every $1 increase in oil price is roughly $500K to Hurricane per tanker lift. I'll take that all day long!

Current oil price is ~$55 net to HUR based on ~$27 lift cost. That's ~$27.5 million in their coffers come Friday.

Surely the share price us due a massive boost.

What are peoples thoughts on what the below outcome will be between CA & Saba and what effect it will have on CA's equity in HUR (if any)?

"At an Extraordinary General Meeting of the Fund held on 30 July 2013 a resolution was passed that following the thirteenth anniversary of the Company's launch (in 2008), at the Annual General Meeting to be held in 2021, an Extraordinary Resolution, that would require a 75 per cent. majority, would be proposed that the Company continue as constituted ("the Continuation Vote"). If such a resolution was to be passed, a similar resolution would be proposed at every second annual general meeting thereafter. If the resolution were not passed at any of those meetings, the Directors would be required to formulate proposals to be put to the shareholders to reorganise, reconstruct, or wind up the Company."

I've been trying to do some digging regarding the whole thing but can't uncover anything. I hope the AHC haven't got into bed with Saba to drive this! Just putting it out there, thoughts?

https://www.investegate.co.uk/crystal-amber-fund--crs-/rns/letter-from-saba-capital-management/202106250700110801D/

Sense,

Email sent!

Senseman, do you know what daily production figures was that based on?

But remember to get their NAV of 18p CA only need HUR share price to be ~3p which is their average. May even be less

I'm also unsure of the mechanics of bond buy back.
If the bonds are currently at a 35% discount why would a bond investor sell them back at a loss? Also, are the bond investors not locked in until July 2022 when they mature?
I tried searching the ins and outs of it but can't make heads or tails of it. Can anyone explain the bond buy back process in simple terms please.

Last few trades showing on LSE: 100, 50, 100, 500 .......signals??

Good to have you back on board ADUK, your input is always appreciated!

I just checked my AJ Bell account and all previous responses are still marked as received.

when does it reconvene?

He's really struggling isn't he?

I just received my invite to the sanction meeting (Microsoft Teams) without even asking for it which is good. They must have a record of everyone who noted interest for the previous court hearing.

Also to note, it is the same judge as previous, Justice Zacaroli which is fantastic news in my opinion!

AGM all against, EGM all for

Does anyone know if it will be the same judge as last time for the sanction hearing? I liked him, smart guy who seemed to be on our side!

I just received a reply within 10 mins (AJ Bell) confirming my request has been passed on to the relevant persons for action.

For those of you how hold shares with AJ Bell, you have to vote for all the resolutions via secure message as they don't send a proxy form for AGM's. I have just voted AGAINST all 6 resolutions for the 4 accounts I have. Make sure you do this ASAP to allow them to receive the secure message and process accordingly!

AJ Bell will send a proxy form for the EGM in due course.

Good Luck everyone kicking these ballbags oot!

Does anyone know if it will be the same judge as last time for the sanction hearing? I liked him, smart guy who seemed to be on our side!