crikey would they just tell us already. i can't stand it any longer. is dilution better than extinction? or are they effectively the same thing? in this market who in their right mind is going to buy shares in an E&P company with a history of failure regardless of the price. please tell me he isn't such a fool.
but pvr doesn't need 100mill unless it is for drilling druid and drombeg. unless melody is not extending the loan we only need ~7 mill and we have 9 mill .
wow! crikey i think if i had bought toilet paper it have held more values then the paper they are issuing.
It is proposed that the Share Capital Reorganisation be effected by each Existing Ordinary Share being sub-divided and converted into one New Ordinary Share of £0.001 and one Deferred Share of £0.049.
100 million! Must be to drill driuid that estimate was 85 million for the one well. But i thought/hoped schulemberg would partner! Maybe it is a sly trick. 'we want 100 million.... ah its ok we actually only need 20' 20 doesnt sound so much after 100 mill..
i can't see how this is going to come good i have to say..
so if we can't renegotiate loan with melody we are then in technical default - they would have to tell us straight away wouldn't they? ie. close of business today or else monday morning?ie. if we haven't heard anything by monday can we assume the loan is being extended?