At this stage they know the status of the melody loan, the amount owed transocean and when it is due and yet we have been told nothing.
He doesnt even need all that. If he was any good he would make a deal on any asset, drill it and get it producing and then use proceeds to develop the others. Even just sell barryroe for whatever its worth.
I guess he will raise enough to pay transocean. Which is probably the deadline lansdowne are referring to. He should just sell barryroe outright i think. Fund spanish point and drombeg with proceeds. He has no sense. I cant wait to see how much he does raise. Id love to know what is pitch is. Surely they are sick of hearing about barryroe.
Again all the info is leaked through the press
Meanwhile, struggling Irish oil junior Providence Resources is sounding out City investors for as much as $100 million with shares being offered at 11p each. They are currently suspended at 14p, but sources said the bookbuilding was struggling to meet its target.
I wish! I could do with some to calm my nerves!
The obligation to keep us informed is a legal one. So afraid they cant shirk that just because shares are suspended. Tho they might do it in a sly manner such as they did with the court case. Ie one line on their website somewhere.
think i need to print it off and hang it over my computer. in case i am ever tempted to invest again.
wow that rns is a sobering read no doubt. especially when it lists the rights of the deferred shares...