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My guess would be that you have a matter of weeks to buy at these levels before BOOM......we start the rerate
Note 'an important condition for debt funding plans now complete'. Think that is a hugely important statement as clearly implies funding deal is imminent.
Think we will get news on the trains this week but I think that news will be negated by the standard BHR 'We continue to make good progress in line with securing a debt facility'. I hope this is not the case but am slightly concerned by the way that this continues to drop on minimal volumes, we are looking at a 50% increase to get back 1pps which is a low price, however global met coal prices being at rock bottom is also pinning this down where it is, good luck to all holders old and new!
oilflow1 View Profile View Posts View Threads 21 Mar'14 - 12:34 - 394860 of 394860 0 1 edit IRG rumoured bid from Gazprom Buying started 18-20p
guessing this will end the day at 0.7 and if it does im already in profit on todays buy - so all good...
10 days till the end of Q1 - we were promised an rns before the end of the month - they sure are cutting it fine - as ever expect a rise with good news, hide under the bed if its bad...
i'd be more worried if i was in GKP after todays performance!!!!
just purchased 500k so expect it to slide!
idg69 - I've been here nearly three years and have quite alot invested, I've averaged down during the falls from my initial buy back in 2011 at 12.9p (can you believe this was once this high!) and average at just over 3pps, I agree that this is a long play now, I do hope that we get incremental rises with any positive news, I think as you say RK is doing okay in very difficult conditions but still think there may be a few twists and turns, time will tell. Good luck and lets hope we all come out of this smiling whenever that may be!
Getting a bit concerned with this now, no news on trains or debt facility, the market clearly don't like it either, gains of last week pretty much negated, the debt facility must be the longest due diligence in history, I'm sure multi million acquisions have gone through quicker than this, losing confidence with this very quickly, bet we finish this week in the 0.6's after tomorrows predictable drop of 4-5%
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