Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
FFS Slight*
Shorts reduced from 8.87% to 8.77%
Every little helps, waiting on https://shorttracker.co.uk/ to generate figs, see if it was any of the big dogs or not.
GLA, DYOR
@MysqMillionaire- They said they were targeting a $1B capital raise, they have achieved a hefty chunk of this and with this boost the SP they are certainly in a stronger position than they were.
I hope they don't see the need for a RI, roll on 50p
GLA, DYOR
Good morning all you lovely people!
What a joyous day it is!
A spot more of good news, brent oil is now at $45.68 per barrel, (for you new peeps) this is fantastic as Tullows break even point for 2020 was 45 per barrel, so still a lot of clawing back to do from lost revenue this year, but as the brent price rises its a step in the right direction.
As always GLA, DYOR.
Dont hate the player, ying and yang springs to mind.
Just enjoy the ride...
I did... well 16p
Can you not post the same thing every blue day please?
@Maverick - Out of interest why do you think "They do want the stock before Cap Markets day."?
Anton
I agree, I don’t quite understand the nuances of the big boys plays but it seems the same for the most heavily shorted companies, here and cineworld for example, it was driven from 50p to 15p and the shorts WENT UP!?!
They must be hoping for the companies to reach insolvency?
Varde opened their short on 16 June which opened at a hair above 34p, as we creep towards 30 do you think they’ll close up?
Surely they must have been expecting a complete insolvency since they didn’t close at 15p for example.
“ Moody's Investors Service, ("Moody's") today downgraded Tullow Oil plc's ("Tullow") Corporate Family Rating (CFR) to Caa1 from B3 and the Probability of Default Rating (PDR) to Caa1-PD from B3-PD. Moody's also confirmed the Caa2 ratings assigned to Tullow Oil's senior unsecured notes due in 2022 and in 2025. The outlook on all ratings was changed to negative from ratings under review.”
Full article; https://m.moodys.com/research/Moodys-downgrades-Tullow-Oils-CFR-to-Caa1-outlook-negative--PR_435221
I believe they’ll release it out of hours, the sneaky beggars are always releasing info at 5.10pm on a Friday, so it gaps up or down. I’ve been caught out before but hoping for some good news this weekend.
GLA
@PinkEye .... Thank you very much!!!
I will be sending you my dry cleaning bill... i read your "Well...Obviously" comment half way through a big mouthful of coffee and laughed so hard my whole room is covered in brown spray.
looool
Seems Tullow have just overtaken Cineworld for the position of second most shorted company, 8.5% and 8.4% respectively.
With the funds from Total all but landed, i'm really struggling to see why this has stagnated and shorters have loaded up.
The debt should be far more manageable with the $500 M input. Am I missing something?
I will decide in the morning wether to hold or sell.
I’m at a heft loss averaging 51p. Everyone should watch this as it develops and be fluid.
Hopefully tomorrow isn’t a total buttfu*cking
Please share your source.
@Shamus
On the other hand you have meatspin.com
What’s the similarity between indepth and a toilet?
Botha filla shizzzaaaa ;)