Arbitration Concluded This will be decided on the exact wording within the PSA regardless of how much Frontera invested in Georgia or what shareholders think is fair. I’m thinking its win win for the Georgian gov, lose and they keep the US sweet and win and they get to keep the B12 asset which is potentially worth billions. Bringing uncle Sam into the FRR mix could suggest Frontera are not that confident. Good luck holders, looks like just a couple of months longer to wait.
Warwick & Lincoln 3 wells drilling 2020 First post on here. I’ve followed these boards for nearly 2 years and admit I got caught out with the eternal optimism on here and not enough personal knowledge about this company. In fact most of the knowledge I have comes from reading these boards so more fool me! So for one of the chief optimists (carliol) to now come on here and retrospectively say you’ve sold your lot sticks in my craw
Arbitration Concluded And Zeninvestors thoughts of which I entirely agree: So the dispute has made its way onto Georgian TV. From what we can glean, the GOGC are haggling over the specifics of the PSA contract and focussing on that alone Tatishvili is dismissing Frontera’s huge investment in Georgia on the basis that the Georgians didn’t ask them to invest so much: “The state did not set off the company an investment of several hundred million, because this investment was not made in accordance with the requirements of the contract.†Arbitration may see that differently. Frontera have invested hugely to make the fields viable. Tatishvili acknowledges that FRR have (until recently perhaps) revenue but have diverted it elsewhere and not paid the work force. Of course, he conveniently forgets the $6million VAT rebate.
Arbitration Concluded Thanks to Looed on LSE: According to Georgy Tatishvili, the volume of investments is one of the issues discussed today in the arbitration court. “The state and Frontera have different views on this. The state did not set off the company an investment of several hundred million, because this investment was not made in accordance with the requirements of the contract. Frontera has its own numbers, and we have our own. We will wait for the arbitration decision, â€Tatishvili repeated. As for the protests of the company’s employees, the last of them took place a few days ago. Employees of the company demanded to cover their salary debts for 11 months. In addition, many of them lost their jobs after the protest in December 2019, and their families were left without money for the New Year. The protesters had two basic requirements - to return the salary and restore to work on old conditions. According to the protesters, they will hold campaigns until their conditions are met." Source - [link]
IQE price collapse? jackdawsson: November, SP was seeing resistance at 75+, with intraday moves higher. That may well play out again. JD, I only really posted here so I could copy the graph onto Barc + Yeah, with an average of @77p (was >@100p initially) it wouldn’t be what I hoped for. If i can escape with a 5% profit then all my in and out trading here, and worry, would turn out to not be too bad. I still think they benefit from 5G ultimately, but I can see the global roll out delayed with the coming pandemic. (Have more info on that which I’ll add to BARC + in due course, but in brief signs are that Wuhan infections are peaking which means around a 3 month wait from first cases to peak then a tail off. this from a couple of experts on the BBC - one predicting a peak in UK around the end of April. If so that is going to mess up some travel plans I have and possibly a planned house sale, but that’s another story.). I really don’t want to take a loss on this in my SIPP having been a VOD sufferer earlier in the year. SIPP stands at all time highs today and I’d like to keep some momentum going. Not that wishing for things ever helped in this game. jackdawsson: Of note, when it collapsed before closing at 65.85 on 15th November, next day open was 56.50. That gap remains unfilled. Yes, that is interesting, I hadn’t realised. My problem right now is, unlike your FTSE trades, I’ve sold off my most recent purchases at or under @50p and every tranche sold under @77p now will raise the average even more beyond reach as their buying prices are all too high. In other words I don’t have those nice increments in tranche prices, mostly due to the sharp drop. Buying on a pullback that is still above @50p to try and trade the average down, may not be a good idea. As you know I have a dread of forward guidance from companies creating more uncertainty at the moment and IQE and their ilk are also in their traditionally worst quarter of the year. I could just end up prolonging the agony as I still don’t see IQE actually turning a profit anytime soon. There is still some hope that they pick up unexpected orders that are not being filled by Chinese factories, but that is pure speculation. I haven’t had time to search for what my have caused today’s price rise, but I’m betting it was a U.S. chip maker with beating consensus results. Just passed @63p today. If i’d held on to my last two trades I’d be nearing break-even with the whole holding. No use crying over spilt milk though.
Level 2 Just back indoors and the Spread is at the giddy heights of 187.6----187.8 . . Mid 187.7 Trade high 187.8p Brent has hit $55.95 and the FTSE100 is hardly changed
88 Energy - Ultra High Impact Drilling Q1 2020 Latest Cenkos update on 88E released today: Upload Files Upload files for free - Cenkos_88E_Feb_20.pdf - Uploadfiles.io Upload files, for free, securely, anonymously, without limits. @UploadFilesFree .
IQE price collapse? Eadwig: Instead I lost patience and sold for relatively minor profits the last one just days ago. Typically the breakout from recent closing prices looks like it will happen today, with every chance of the price pushing on into the @60s I expect. Unfortunately my holding average is now @77p. I still have work to do to get out of this position with dignity (I.e. a min. of 5% profit p.a.). Hi Eadwig, Same here as i didn’t anticipate the breakout to higher range so soon. If this break-out is consolidated with volume, I think there’s a very decent chance you can redeem the lot. Before IQE’s sharp collapse in November, SP was seeing resistance at 75+, with intraday moves higher. That may well play out again. Of note, when it collapsed before closing 65.85 on 15th November, next day open was 56.50. That gap remains unfilled. For me, I’ll almost certainly take a significant, but not devastating hit at circa 75p. Not devastating only as my stakes here much smaller than in other stocks previously. But still another setback. - Regards.
Could be interesting! Yes unfortunately sle have tweeted the passing of Paul sullivan.
RNS-Historic 12 February 2020 Eurasia Mining plc Exercise of warrants and options Eurasia Mining, the palladium, platinum, rhodium, iridium and gold producing company, operating the established West Kytlim Mine in the Urals, and also the operator of the Monchetundra Project comprising two predominately palladium open pit deposits near the town of Monchegorsk on the Kola Peninsula, is pleased to announce receipt of notification from both Sanderson Capital Partners (‘Sanderson’) and Optiva Securities (‘Optiva’), to exercise 22,017,871 warrants (ordinary shares of 0.1 pence) in the share capital of the Company (“the Warrant Sharesâ€). The consideration for the exercise of the Warrant Shares amounts, in aggregate, to a cash value of £225,001. The warrants represent the total amount of warrants held by Sanderson (20,000,000 warrants at 1.0p) and Optiva (2,017,871 warrants at 1.24p). In addition, the Company announces it has received a notice to exercise 9,000,000 options (ordinary shares of 0.1 pence) in the share capital of the Company, being 8,000,000 options at an exercise price of 0.90 pence per share, and 1,000,000 options at an exercise price of 0.42 pence per share, (in aggregate, the “Option Sharesâ€). The consideration for the exercise of the Option Shares amounts to a cash value of £76,200. These options were exercised by employees of the Company, not holding positions as directors of the Company or as senior management or as advisors to the board. As mentioned in RNS on 11 Feb 2020, trading in the Company’s shares is currently suspended. Application will be made for the Warrant Shares and Option Shares to be admitted to trading on AIM(‘Admission’) as and when trading in the Company’s shares resumes. These shares will rank pari passu with the ordinary shares of the Company in issue. Total voting rights The Company’s total issued share capital upon Admission will be 2,724,774,624 ordinary shares. As the Company does not hold any shares in Treasury, this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency rules.
Level 2 Close . . . . 182.00 Open . . . . 185.40 High . . . . .186.00 . . . 11.14.27 . . . AT Low . . . . . 182.20 . . . 08.05.41 . . . AT MD Auc . . 270 @ 184.6p Full 236,103----240,750 . . . looking okay 49----39 LSE Vols . . . . 360,435 . . . 250 trades AT trades . . . 197 OT trades . . . 53 Spread 184.6----185 . . . Mid 184.8p Brent Crude . . . $55.18 . (+1.17) . (+2.17%) . . . (15mins delayed) FTSE100 . . . 7,514.38 . (+14.94) . (+0.20%)
IQE price collapse? Been holding two tranches for 3 months. When bought they were meant to average my overall holding down to a price n the @60s, in other words in reah of a recovery. Instead I lost patience and sold for relatively minor profits the last one just days ago. Typically the breakout from recent closing prices looks like it will happen today, with every chance of the price pushing on into the @60s I expect. Unfortunately my holding average is now @77p. I still have work to do to get out of this position with dignity (I.e. a min. of 5% profit p.a.).
Highest short interest in FTSE 250 according to Sunday Times! Did anyone else see ARCM reduced their short position on 31 Jan by 0.12%, however, I’m fairly pretty sure it was only posted yesterday ? Have they finally accepted their fate ? TBC…
Q&A with Versarien (VRS) Chief Executive Officer, Neill Ricketts Probably partly true JT!
Share Price squinn “the bull argument†20,000 bpd rising to 40,000 bpd in 2022.
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