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Board Also confirmed all major institutions 100 % supportive and none selling stock. Board do look at Bloggers remarks and are unable to respond to erroneous comments as They are barred from doing so by LSE. This lack of a rebutal leads Many to believe negative blogs e.g. Those related to Barryroe compartmentalization. Institutions happy with Pat Plunkett and recent incorporation of McCoss
Thanks a ton Spuddy; I expected you or your family members to present at AGM. Thank you again.
Was not at meeting but other family members were.
After speaking to most of Board the news appears as follows:
1: Barryroe FO still hoped for with drilling next Year. Super Majors Looking at North Celtic Sea and Providence reexamining Its approach to the basin. Barryroe considerably bigger than initially believed.
2: Another FO of Druid / Drombeg very possible before Spud date. This to give us a free carry on drill for approx: 30% of The prospect.
3: Icemax very efficient. Calculated all in Cost to Providence 18m dollars before Another FO. Board very happy Cairn onboard.
4: Spud date late June. No flaring to be carrried out. Drill and once Oil discovered or not announcement to be made i.e. for Druid and thereafter for Drombeg. Total drill 45 to 60 days. Thus May Have news late July early August on Druid first.
5: Dunquin North. Contains more oil Than originally thought.
6: Dunquin South 3 d seismic to be carried out shortly.
7: Ãvalon larger Than Drombeg. Another Company doing seismic survey on Ãvalon. Providence do not Know why.
8: Very Big interest in Atlantic margin. Expect Majors to start drilling 2018.
9: Newgrange to be drilled possibly 2018:
10: Barryroe still considered very important and very large.
11: Company cannot comment on bloggers remarks but Comments relating to structural issues with Barryroe untrue. No compartmentalization.
As you all know, the retail stocks have been trading lower since April 2015. At that time, the SPDR S&P Retail (ETF)(NYSEARCA:XRT) was trading around $51.00 a share. Today, the XRT is trading at $40.44 a share. Clearly, traders and investors can see that the trend is now down for the retail sector. The growth and business model of Amazon.com, Inc.(NASDAQ:AMZN) has been the leading catalyst for the decline in most of the leading retail stocks. Amazon stock has soared higher since April 2015. The retail giant has gained over $500.00 in share price since that time. Currently, AMZN stock is trading at $974.00 a share. So far, most leading retail companies have not found a way to combat the Amazon retail invasion.
So does the retail sector have a bottom in place? Believe it or not it does. Traders and investors should continue to look for near term weakness in the XRT until the $38.75 level. This is a level on the charts that is signaling major support and institutional sponsorship. Remember, the market is survival of the fittest, eventually these retail companies must start to adapt to the Amazon business model or face further demise. Traders like myself will now look closer at most of the leading retail stocks when the XRT trades down to the $38.75 level. This should be a good time to look for a bounce in many of these beaten down equities in the retail sector.
Nicholas Santiago
InTheMoneyStocks
What this team can do on the ground from an operational perspective is impressive but they lack the professionalism of a mid cap publicly quoted company. Not so much Leon, he's just uncomfortable in front of a camera. CB sits there with his arms folded in what looks like his own lounge and comes across terribly frustrated as if the share price is not his fault, which I accept isn't all down to him as the junior miners have been decimated over recent years. An institutional investor looking at this webcast isn't going to put his hands in his pockets any time soon. They need to sharpen up their front of house presentations to the markets and be more professional. If they want to be a mid cap company start presenting and acting like one. That said there was some positive stuff in there. Shareholders shouldn't expect any financials in these webcasts, it's never going to happen and they should accept they can only talk about operational stuff and even then not market sensitive stuff. idg69 still holding - over and out!
Info from LSE: Today Pat Plunkett confirming Barryroe is bigger than Initial thought and Super majors are visiting. Jimmy you might have tried your best against barryroe and gulp assets for cheap. t
Sounds like a bit of a non-event. Anyone give TOR the stick he deserves?
All sounds good but why as the share price dropped.
Very quite only 4ml shares pr day trading since ex div! then what? all depends on His Trumpshusness's world tour affecting the micro
JLP need to be really careful with their arrangement with Lonmin. They are not in a good place financially and we could do without taking on any bad debt having worked so hard operationally over the last 2-3 years. A sale is not a sale until the cash is in the bank!