Hi Spuddy, if this share allocation comes as rns its monstrous act on current shareholders, it shows there incompetance its 94% asset dilution better company is on market; in a week or two if they cant conclude deal he need put this company on market will single light. I dont have words to describe how they are moving forward if its true
Its like you have lot of skills no one is offering job, though if someone offer its not acceptable level.
Looking at pvr they know need of money so try to sqeeze much out, oil still not completely recovery stage and all the oil companies are struggling due to dimishing profits and struggling to balance there books due to interest payments against debts this resulted quite a big chunck of players out of market and all exploration assets are in cupboard. There are few companies out looking for such assets but at a bargain but as we know tor is hard nut he was reluctant to cut deal even during 100$ days as his target was high, now he is amecable but the price what they are offering may not be acceptable level. Its wait n watch game, once oil recovers then lot of birds will open there feathers now all of them inside cage looking aftervthemselves
Haribo, when you look at negotiator perspective he will try to make killing
All i can say in next 6 months oil market will be different ball game and its on upward leg, those who are interested to take a slice in barryroe most ideal time. If they spend in cheap negotiations same days will not return.
As i said this morning, fund raise could be backup measure so dont get tensed for now let them announce.
If you have written off this stock, any news for that matter shouldnt bother you as you already assumed its busy. I'm not for now thanks for understanding