bit of activity today,I still think the activity at PVR is related to FAST...
It wasn't a loan, it was a credit facility...we do not know how much of the facility has been drawn then and hence how mush has to be re-paid...
From the response Spuddy received from PVR, they state that the potential famines capital plans extend beyond Barryroe...I am reminded of the notes from Boldy of LOGP at the AGM when he stated that the farminee was looking at a regional approach to BR possibly involving PVR, LOGP and FAST...this could be much bigger than just Barryroe...just a thought... this is definitely being manipulated down in my view...
If I was in ACC I would have been very eager to get these shares off TORS prior to the finalisation of this process.It is reasonable to assume (forget all the fear, de-ramping and b/s that some of our fellow BBmembers love to spout) the value of the 6% will be higher in the future than it is now, hence ACC get an amount of their loan to TORS back in the form of the shares asset which will rise in the future.
Sentiment is against us here, roll on a steadying of the POO and an update on the Irish farm-out...I hear there is progress being made...
I emailed the company this morning asking would there be ANY statement before the end of 2014, I received the exact same wording as Shadow... parts of the reply seemed generic...I received the response at 430 today...