That would be great. The present value of the Barryroe project is massive even with todays low oil prices. Anything that gets it operational is great in my view. A payment in advance will be great as well in providing the platform for future exploration. Exciting month ahead I hope!
Grand. Was thinking the sums added up a little too easy there! I would think that debt will only form the smaller portion of the purchase and then operation of Barryroe. With the majority been equity funded
Why do you think 300mil? Is that from them raising that amount of debt?
Jimmy is causing quite a stir with this but once again, as with the legal case won, he is trying to cloud the picture and make it look bad. If you buy or sell pvr shares and reach a certain percentage it is up to you to declare it to the AIM, It is not up to PVR to track individual shareholdings and declare changes!
I don't understand how a trade goes through at 80 pence when the offer is 82?
Well the way this is moving we could hit 1 pound again pretty quick. And if a deal has been done it will shoot way past 1.60. Just think that with only 65m shares the deal only needs to give a NPV of 107million for you to break even. And last year they nearly did a 1 billion pound deal!
Looks promising to me! What you think of this shadow?
More volume by 9.41 today than all yesterday. Really think we are near to a deal. Irish company setup, debt been raised ...
Most companies have a mix of equity and debt. Sequa are raising 300m in debt. The rest of the funding is coming from Equity. PVR wouldn't be able to raise sufficient debt to finance the production of Barryroe. Thats why they need a bigger fish to come into the project with them.