Avanti Communications Share Discussion Threads

[dice1950] 05/8/2016 09:47

LOOKS GOOD NICE SCREENSHOT
tradermick ‏@Aim_trade 3m3 minutes ago
AVN L2 LIFT OFF

[dice1950] 05/8/2016 09:47

LOOKS GOOD NICE SCREENSHOT
tradermick ‏@Aim_trade 3m3 minutes ago
AVN L2 LIFT OFF

[muffster] 05/8/2016 09:44

Did say earlier this week time to buy.Still buying, when can, as fully expect talks to start much higher than £1

[1lilac] 05/8/2016 09:42

MATD UP 70

Petro Matad Limited Financial Update

05/08/2016 9:30am
UK Regulatory (RNS & others)

Petro Matad (LSE:MATD)
Intraday Stock Chart
Today : Friday 5 August 2016

Click Here for more Petro Matad Charts.
TIDMMATD

RNS Number : 3923G

Petro Matad Limited

05 August 2016

05 August 2016

Petro Matad Limited

("Petro Matad" or the "Company")

Financial Update

In reference to the announcement of 30 June 2016, the Company is pleased to provide a further financial update.

The announcement of 30 June 2016 stated that the Company's affiliate (Central Asian Petroleum Corporation Limited - "CapCorp") was in continuous discussion with Shell's affiliate company (BG Mongolian Holdings Limited - "BGMH"), in relation to obligations surrounding BGMH's exit from the Block IV and V Production Sharing Contracts (PSCs). The discussion was specifically related to the exit payment.

The Company is pleased to announce that agreement has been reached by the parties. Under the terms of the agreement, Shell's affiliate will pay an exit amount of $10,005,303 as stipulated by the Farmout Agreement and will pay a further $5,000,000 upon completion of the reassignment. This further amount is refundable to Shell's affiliate, should CapCorp secure a partner for any of the two Blocks during the exploration period or any extension of exploration period. Any farmout entered into by CapCorp with a third-party company will be at its discretion. The reassignment of BGMH's 78% working interest back to CapCorp is subject to government consent.

A further announcement will be made in due course.

Commenting, Enkhmaa Davaanyam, Petro Matad Chairperson, said:

"I am very pleased that Shell and Petro Matad were able to conclude this agreement. The cash to be provided by Shell will enable the Company to continue its planned work program culminating in exploration drilling next year.

This announcement contains inside information.

[dice1950] 05/8/2016 09:41

60p shortly curtailed mms are snookered

[apfindley] 05/8/2016 09:40

Yes Mast are BOND holders.They will have priority over any leftovers ahead of share holders.

[dice1950] 05/8/2016 09:36

hard buying

[someuwin] 05/8/2016 09:33

Buyers wanting in.

Shorts wanting to close.

Bidders wanting the satellites.

This can only go up from here.

[letmepass] 05/8/2016 09:30

Looks like next rise about to happen.. Always buyers around

[someuwin] 05/8/2016 09:30

"Inmarsat was ready to pay at least 140p a share in cash for Avanti, subject to due diligence...

After the collapse of the Inmarsat talks, Avanti is thought to be in detailed discussions with two other potential acquirers. But it also has the backing of MAST Capital Management, the Boston-based investor which is a substantial Avanti bondholder, as well as holding a 10 per cent equity stake."

[apfindley] 05/8/2016 09:29

The Company are trying to sell but that doesn't mean anyone wants to buy, and definately doesn't mean anyone is bidding.The company is desperate to sell..... That tells you that with debts of $600mill, the directors know that it's time to sell or go bust..

[letmepass] 05/8/2016 09:27

First tree shake, lets see what happens now

[apfindley] 05/8/2016 09:26

Fastest finger time.... Lol what takeover.? They've already said there will be nothing left for shareholders.The takeover talk is just RUMOURS created by people who want to profit from one last rise.If you care to read the rns from 1aug, it says clearly that the only viable suitor, inmarsat are not interested

[someuwin] 05/8/2016 09:25

Shorts will have to close now.

[mister md] 05/8/2016 09:25

"thats why take over" ?

they want to be taken over. theres a difference

[letmepass] 05/8/2016 09:24

Just bought some more.. Gamble maybe but 60 next stop

[letmepass] 05/8/2016 09:23

That's why take over

[apfindley] 05/8/2016 09:23

Down she goes.Profit taking.Many people doubled here in 2 days, now selling before the collapse.

[apfindley] 05/8/2016 09:22

Last year's promises also never arrived.Revenues are also tiny in comparison to debt levels. Debts will continue to increase as the company has nowhere near enough revenues to even service it's debts.

[letmepass] 05/8/2016 09:15

Last year these were 250p

[apfindley] 05/8/2016 09:11

CAUTIONDEBT IS $600 MILLION.

[dice1950] 05/8/2016 09:09

Take your pick between 150p-300p this is not pi,s buying somebody has huge buy orders in mms cannot fill demand

[dice1950] 05/8/2016 09:09

Take your pick between 150p-300p this is not pi,s buying somebody has huge buy orders in mms cannot fill demand

[michaelmouse] 05/8/2016 09:07

Flown through 50p. Next stop 60p?

[dice1950] 05/8/2016 08:59

SMALL CAP FOCUS ‏@smallcappick 1m1 minute ago
AVN 100P APPEARED L2