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I think finance close is out of our hands given the third parties we're working with so whilst I still believe it will be done in Q1 it's not a case of getting it done before having to pay an extension to Riverstone. It will be done when it's done. Then we can all moan about something else.
Agree that no news is causing this to drift. We seem ro go months without news. AIM investors are like babies and need constant attention (RNS) to keep them interested otherwise they sell and invest in nearly bankrupt shares like COPL.
Hopefully we do get something at the start of March, would prefer Monday rather than Friday though.
Why the lack of confidence on the appeal? I remember after the original JR hearing pretty much everyone expected a positive result.
I've no doubting there are sellers, the share price speaks for itself. I just don't agree that there is a single large seller offloading a tiny £5k amount per day, and no TR-1s backs that up. The idea of large sellers scare people so I rather not put those thoughts out there unless we're sure.
I think we've just had several medium sized PIs selling up. I used to chat with a guy who held 1m. Completely disappeared off of Telegram since the start of the year and I wouldn't be surprised if he was one of those who has sold. We've also had a couple of people post on here/imply that they have sold or reduced. No doubt others too.
The chances of it going to the supreme court are slim. Don't something like 90% of requests to appeal to the supreme court fail? That said, I don't know what the scenario is in the event we lose. Surely we could appeal that decision given that we won the original case?
The price of gas has come down a lot since JW said IM was worth triple digit millions, so we need to set realistic expectations on its value if it were to be sold. The real figure is probably half that now, but still a decent amount.
Fully understand the frustration being displayed in this thread and I'd by lying if I said I was happy with how this investment has performed since December 2022.
But, nothing has changed in recent months? Finance got kicked back again but the market thought that statement at the end of December was worth 14p at the time. The revenue goals haven't changed. We still have the FSS and Sea Rose contracts and the company is moving forward behind the scenes.
We are currently riding a wave of bad sentiment, and this will turn when finance is confirmed followed or preceeded by a likely positive IM result. Keep selling, I am getting tempted to add to my already overweight holding.
As a shareholder I understand that high growth companies can only grow so quickly because they've taken debt. If a company like HARL tried to be profitable from day one and grow via profits it would probably take another 10 years to get where it is today. Getting the balance right is key, hence why I said managing the debt is what matters.
I don't care how many charges are against the company or how much debt it has; the key thing for me is always can the company manage that debt? Clearly the new finance package is crucial to this.
As I've pointed out before, the new finance deal is a 5 year package that will last into 2029. The debt doesn't even have to be repaid by then because there's nothing to stop the company from refinancing the debt as many times as it likes. Not to say we should never pay it off, but there's no need to think that we'll have to pay 200m debt off over 5 years.
Agree Kaeren. Finance is the only thing that's relevant right now. Once that's done we can focus on other important issues. Problem is the silence from the BOD is causing this to drift towards single digits and the lower it goes the harder the recovery and the lower the impact from finance RNS. Originally I was expecting finance news to take us back to 20p, but with this slide I don't see that happening now.
Communication from the BOD needs to improve massively. I suppose it's not a high priority right now as it won't change sentiment or affect the share price, but they need to do more once finance is sorted. Give people a reason to invest here. It's very unattractive right now. Arun needs to buy as well to give confidence.
Share buybacks would be nice but they don't make sense before finance is sorted. That said, it would have been a better investment than renting ferries for Scilly or trying to buy IOSSC so I can see the argument for it.