I honestly dont think there is anything going to happen with HUR this year.If im right there will be hard selling as that penny drops.All this rubbish posted on iii and lse is just sucking people in.Lets see who is right.I remember laughing at someone that posted this could stagnate for years with low oil prices.Im not laughing now though.
Reading that rns and 'secure the best value for shareholders' does that not mean they will be forced to take what they can get?The debt is a huge issue and it was madness for investors to dismiss it.At least that is how i could see it and turned out to be right
I get the feeling that holders are getting very nervous now and just waiting to sell.I can't see the management being in any rush to move things along and to carry out any drills during the calmer months,as in now is looking even more remote.They would of course need to raise in a heavily discounted placing to do so and that could mean the shares in issue could end up being over a billion.The cpr everyone were expecting might even be held back to sweeten a large placing?Otherwise if nothing at all is going to happen maybe a small placing to cover the bills and this to stagnate for over a year?This has to be the most disappointing and most boring share i have ever held.
I do not think the CPR will have much effect here and farm out, if it ever happens of course,will take an awful lot longer than holders think.My guess is late this year or early next year.A long time on AIM.You can't blame Trice for that but it is not a good position to be in looking for a huge cash injection with the oil market being what it is.