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The last time Tabs felt optimistic was just before we went over a cliff on Christmas Eve?! His sixth sense needs some tuning.
Georgian government want 99% of what they say is nothing and Hope wants some shares and Zaza is spending his own money on lobbying? The TWits spent years saying there was nothing in the ground. Doesn't look like that right now. IMHO.
The people who invested in this come from all walks of life. Whether you agree on it or not Aubree, putting (perhaps too much) hard earned money into a company with the dream of making their family's lives better after a long period of going without should not be sneered at.
As of the latest ruling? Has the horse already bolted?
Uncomfortable to say but any Georgian MP will be looking at letters this week and wondering what to make of it as an American court and American debt company tries to strip assets from Georgia.
I can see how you could write that sentence but if you had read it back to yourself then surely you would register the distinct possibility that the GOGC themselves were a 'dodgy bunch of charlatans' and then hit the backspace. Mmmmm.
The hedge fund that massively shorted Premier Oil without declaring now knows it is in the do doos and has gone to confess to the FCA themselves. At least they weren't on the BoD. You have to wonder if this fiduciary case is the insurance policy.
https://www.thetimes.co.uk/article/premier-oils-attacker-reported-to-regulator-2n0tm7bhs?shareToken=50b175ef300890d13e5f3f866ff84663
Something strange is definitely going on here with the trade sizes and volumes. There is a bearish candle on the chart that I would normally bet the bank on signalling a move down and yet it completely defied gravity in a way I have hardly ever seen. And the fundamentals on this at this particular time are outstanding. Another month of this and a quarterly update is going to knock the markets socks off. If you look at the Twittersphere there are god knows how many comparisons of oil companies in table form with figures reduced to an idiots guide and yet they are all omitting the premium on the oil price. Who would sell such large volumes at this time is the million dollar question.
I laid 28k on it. Lol. Zzzzzz.
If Bomber64 doesn't want them then I'd like first dibs on that price. I won't bid but if it's a buy it now price then that would be a deal.
Thanks Taffy. Let's hope communication has been smart.
Can anybody direct me to where I can see LSFO prices - I am close to certain that the market is not giving this sufficient/any attention?
https://www.cmegroup.com/trading/energy/refined-products/singapore-fob-marine-fuel-05-platts-balmo_quotes_globex.html
This website is giving futures figures but I can't work out what the volume is? All help very gratefully received!
FXPO have been paying down debt at around $40m per quarter. We may therefore have expected debt to drop again but it is fixed at $280. However the cash position has gone from $92m to $131m. So I think we can see what happened. The question is why do the BOD prefer to build cash at this time?
Maybe Frontera can use Rothschild's to arrange debt solutions just like Premier Oil have done this week in the face of lenders shorting stock. They need a big asset though.
Think they must have a good relationship with them though because it was that first dodgy and wayward email that was sent to Rothchilds in the first place that alerted them to the beginning of this sh ite.
To state the bleeding obvious - it's very hard to be looking at a November court case (2020!) which follows a range of coin flipping unknowns and NOT feel cheesed off. I'm definitely cheesed off this morning.
Stands for S## Off I assume.
Merry Christmas everyone and many thanks for all those working to keep our 'chins up'.