So they said they were in negotiations. Pretty complicated ones I would imagine and then he has announced finally that the negotiations have concluded. Deal in place subject to funds. What more do you want from him?
Yes. We had many RNS with this. Then we got one saying deal done subject to financing.
All they have done is give RNS with information of plans or facts that have happened.
Give me an example of where you were lied to please.
What a come back! Just shows that without info its all just guessing. Think I will stop looking at this share during the day. Just check for an RNS each morning.
There is sufficient cash in the bank now to clear the majority of the loan.
Loan is due till summer and at that stage money in the bank and money from transocean will settle it. SP won't be undertaken unless Barryroe is agreed and money in bank from it. So PVR can sit on this asset if needs be and wait till someone wants it enough. Thankfully there is a deal done though so we just have to wait for the finance
Davy did a valuation a few days ago that put PVR value at 17 times the current sp. This is what worry and panic do. Sure look at smurfit Kappa. Could have picked that up for a euro a share. Now 22 euro.
This I think is based on expectation theory. With weak interest in buying PVR shares is does not take volume to dump the price down. Then you buy it all back at a lower price over a few days. Picking up the shares of the small shareholders who either are panicking or fed up.