Re: All very quiet. So from the RNS I deduce we will not get any return until after Feb 2017 ???
Re: All very quiet. I posed the same question on 1 July. I had previously calculated if all the surplus funds were returned it equated to 5.4p - but that was based on the iii no of stated shares. If close we would be lucky to have a residual share price of just over 2p.
All very quiet. Any news on the timeline for handing sale proceeds back to investors?
RNS......and so From all this detail how much per share can we expect and approx when?......
Re: Director dealing But at least Kight seems to think (my personal interpretation) that he can profit - got to be good news for investors?
Re: Director dealing Could this be stake building to receive the exceed capital payout hen take the company private when share price lower to reflect sale of major asset???
Director dealing RNS 11 April - James Kight held c.8%RNS 23 May - James Kight holds c.9.5%Increase of 3.3M shares (c.1.5%)
Contingent payments I think there are further possible payments receivable continent on oil price over certain periods - up to $10m.Unless I missed it, no obvious mention in the last RNS? If these are still in play then, with oil on the rebound, these might now kick in?
Return excess cash to shareholders My calculation is that this RNS equates to about 5.4p per share to be returned. Any other calculations welcome. Also post return, what is the likely share price now a valuable asset is permanently off the books? Anything above 2.5p will be a bonus.
remaining assets worth? [link]
just closed the £70mill deal mmm surprised no movement here
hardly any reaction as yet nett $28mill on a market cap of £13mill and debt free, profitable ...what a penalty kick this is
Re: Thoughts anyone.yes!! 10-20p return not expecting anything near that, we will be lucky to get 2p, imo, they will need that cash for picking up distressed assets, thats when we will get the returns we hope for, GLA LTH
Re: Thoughts anyone.yes!! 10-20p return Read that, also page 8, of the 70 Million $ only a part remains after paying all debts, taxes and bills:[link]
Re: Thoughts anyone.yes!! 10-20p return I see us selling the largest asset ( but not all assets) for $70+ million dollars ( £50 million ) with debt of $1.9 million dollars.A hedge with Maquerie bank on future oils sales and a profit of $5 million 2015 less tax.At the current value of 7.38p that makes the company worth just £16 million pounds.So what is the real value of the shares worth..? Or have I missed something>>> At face value it seems they must be worth a heck of a lot more than the current valuation??A LOT MORE>>