KNEES
19 Jan 2015
some thing smelly here when you see what was posted before, and dont forget PI s are not supposed to make money here, we are only cannon foda.................................1) 6p a share cash2) directors bought recently at around 5p (see latest RNS)3) current work programme - expecting result in Oct, per RNS4) LEN planned to acquire new assets. The new deal can be confirmed at any time now5) LEN planned on doing Share buy back, to return some cash to investors6) experienced ex-BP staff brought in as directors7) new COO replacing Frank Fu8) Ordos Basin is the 2nd largest gas producing basin in China9) Tie in point with hungry market (China) already on licence10)low number of shares = 249m
DannyQSee
14 Jan 2015
Re: 3.70 on the cards This one is finished.I can't see this going past 4p (maybe marginally better if they can keep the cost down).I'm invested in a few more resource plays Bowleven and Vedanta (which dropped this morning 15%), so I've actually sold out already this morning at 3.76 with a small profit and topped up my other positions.That's me done with this one.Nice to have a chat with you guys over the last two years. - Over and out!
KNEES
14 Jan 2015
Re: 3.70 on the cards Hi Danny, for what is left of my original investment I am thinking of leaving it in to see where it goes Kim has made a commitment in July and I can not see him doing that for the sake of it,other wise I sell and put into some ting a little more certain ,
DannyQSee
13 Jan 2015
Re: 3.70 on the cards If you look at the shareholder structure you'll find that it doesn't really matter how we vote, the board will always get their suggestions through.I hate to say "I told you so" when the debate about the demerger kicked off last year, but we are where we are.I've averaged down to just above 3p and by following my rule to never let my investment stake drop below 50% of the current sp; today was confirmation of that.I don't think it's worth selling below 4p as we may be positively surprised if associated cost come in a bit lower and we'll get a little top up... finally that chapter is over.I didn't make much money on this one, but its better than nothing.
KNEES
13 Jan 2015
Re: 3.70 on the cards I think we are about to be screwed yet again, left with 1/5 of my original investment in LRL , is I was to take 4.1p and the resolutions passed ,I never believe this be for the benefit of the PI share holders , and at this moment my vote will be NO.
KNEES
13 Jan 2015
sell or wait ?????? Following Cancellation, the Company intends to make available to Shareholders an off-market trading facility for the Shares, based on matching bargains, where buyers' and sellers' price expectations match. However, there can be no guarantee of any Shareholders being able to purchase or sell any Shares when desired through the matched bargain facility. It is currently anticipated that this matched bargain facility will be in place shortly after the date of Cancellation. More details of the facility will be made available on the Company's website at that time.
