Faroe Petroleum Share Discussion Threads

[thegreatgeraldo] 27/11/2019 16:40

Off the shelf website, which is fine..... still no sign of the Admission Doc though

[thegreatgeraldo] 26/11/2019 11:55

Admission doc set to be released today ahead of trading start-up on Thursday. That may add some detail to the planned strategy

[thegreatgeraldo] 25/11/2019 18:02

Although deals done by ENQ, RRE & SQZ suggest that your earlier timescale was wide of the mark for deal making.

[ed 123] 25/11/2019 17:59

Indeed! ;-)

[thegreatgeraldo] 25/11/2019 17:54

They should have employed your expertise & saved themselves a lot of time, money & effort

[ed 123] 25/11/2019 17:34

Looking at it further, Longboat intend to use this small raising to fund a search for assets to buy. They plan another raise (+ debt?) to fund any asset purchase.

Feels like they are a decade late for this type of venture. (Just my opinion.)

[ed 123] 25/11/2019 17:09

That's a very small raising and times have changed ….. progress may be more difficult this time. Did Tom Cross expect Parkmead to advance so slowly, and he ploughed in a good lump of his own funds. How much are Longboat's management putting in?

Also, with a small cap start-up, Longboat directors won't be able to pay themselves as they did in the Faroe days.

I held Faroe shares in varying amounts for years but am unlikely to buy into Longboat.

Hope it goes well for them, though. :-)

[thegreatgeraldo] 25/11/2019 09:10

Not hanging about...

[thegreatgeraldo] 13/11/2019 09:50

They haven't gone away, just having a break...... new company coming to market - Longboat

[oto1] 05/2/2019 14:00

I guess that will be a case between the lender and the borrower.

If the borrower can't deliver bsck borrowed shares, he will have to compensate with cash at an agreed price.

[thedudie] 05/2/2019 13:10

Wonder what they do if they can't cover their short by the time it delists? There wont be any stock around to buy.... Not sure how it works then!

[redartbmud] 05/2/2019 12:44

There is always somebody who is short of stock, for a variety of reasons.

[thegreatgeraldo] 05/2/2019 12:18

Last chance to buy at 163p! Bizarre......

[bountyhunter] 05/2/2019 12:04

Yes very odd, sells are type 'O' so probably PIs, all the buys are ATs up to 164 so what's that all about?!
We should have held on and sold now with the benefit of hindsight but no-one would have expected this kind of price action at this late stage.

[harry rags] 05/2/2019 10:47

More trading above 160p

[bountyhunter] 04/2/2019 07:39

So DNO now have > 90% enabling it to initiate the compulsory acquisition procedure for the remaining Faroe Shares.

Goodbye to Faroe Petroleum and best wishes to the management for success in future ventures.

[thegreatgeraldo] 31/1/2019 13:18

I think the buying today & yesterday is down to Baldrick.......he has a cunning plan....

[harry rags] 31/1/2019 13:13

That means none of today's buys & sells are DNOs as nothing has gone through at 160p seems strange to me

[fntc] 31/1/2019 12:22

Why? They have a standing order at 160.00, if other people buy and sell above that, DNO is not getting involved.

[harry rags] 31/1/2019 12:00

Seems strange that DNO are not buying or selling then?

[fntc] 31/1/2019 11:34

DNO are not going to pay 164p for a few hundred shares, making them have to pay 4p extra for tens of millions of shares that have accepted the bid. Someone else is buying these. Probably short covering or someone who doesn't understand what is happening.

[thegreatgeraldo] 31/1/2019 10:55

Harry Rags
31 Jan '19 - 10:36 - 2330 of 2332
0 0 0
Just now 160.4p bid 161.4p ask so DNO are paying more than 160p

....Some folks are paying over 160p this morning, what makes you think it might be DNO?

[bountyhunter] 31/1/2019 10:44

if that is the case and DNO are playing by the rules I am looking forward to a small windfall ;-)

[harry rags] 31/1/2019 10:36

Just now 160.4p bid 161.4p ask so DNO are paying more than 160p