Nice to see some buying actually impacting SP
Who is selling shares at < 17p???????????????????????
Can anyone explain if this is correct - Cairn are going to pay 45% of up to a maximum of $42m so $18.9m max, which would mean if there is an overrun in costs PVR pick them up or is an overrun shared pro rata to ownership? Basically have Cairn cleverly capped their exposure to $18.9m no matter how much drill costs?
I would anticipate on the back of this they are now negotiating an extension of the rig to allow for Drombeg Drill and Newgrange
Not exactly a very significant move on SP with this news considering it was exactly what we were all looking for - I wonder how long TOR would have kept this info a secret if his hand had not been forced
My sheep has already been hung, I'm just trying to salvage some of the entrails, so may not be able to stomach staying for Druid results - let's hope the pre drill rise is from .15 to .30.
Nobody got any comment on the fact 5m shares have traded and SP is flat at best?
How low will this go - margin call on the way
TOR - any chance of an update, even if it is just on your holidays?