Circle oil is about to go bust today its shareprice tanked, its about a year back or more Mr.Jimmy was advising circle oil is a better bet than providence. What does he say now.
Mamms, I agree management decisions were bad resulted to this stage the current market is extremely challenging as bell weathers with huge debts get gutted out. Having said this definately we need to push the management for answers rather than foreseeing disaster scenario, if anyone put there genuine money will look forward positive news and you need to look through the prism and as well wider market situation. My request we shouldnt drum up and push management for answers
Do these people has any bread earning modes?
If the company in such a dire status will they be meeting at OTC and discssing about opportunities, oh boy common this is the heights to think whatever news to negativity. Some people on this board looks like they get benefited if pvr goes bust or shareprice drop further. I bet there are 3 such people on this board especially Jimmy n Mamms.
He says we hope in next few months, we will be burnt out in the form of their salaries; the assurances happening for few years. Better bet is company takeover
Before releasing Amergin why didnt pvr brought them for 1$, tax tetms would have been lucrative now if someone is interested they need to pay huge taxes. Question is why didnt pvr shown interest for all logp celtic sea assets, may be they have too many licenses paying the amount for those will be high in current environment
Todays rns from them is not great, will barryroe facesaver for them? I have stakes in logp not great
LOGP's other celtic licenses are lapsed, they had bet on Amergin
They have good assets but management decisions were very poor resulted to this situation. Cross fingers ... keep hopes but we had few nasty surprises so far.
Mamms, My understanding from other day you have written off this stock, whatever news from providence shouldn't bother you much mate.