Tullow Oil Share Discussion Threads

[stupmy] 15/1/2020 13:25

smartie, you also called 70p on HFDs recently. No rationale, you just turned up out of the blue, threw a line out and 'work done'. Again, what is your angle?

[smartie6] 15/1/2020 13:25

Stumpy, no angle just posting an opinion earlier, at this point it looks correct. Who knows?

[smartie6] 15/1/2020 13:23

RB, that’s exactly as I called it along with SR earlier. Mousetrap.

[sentimentrules] 15/1/2020 13:22

Bulls not as noisy as yesterday. Must be busy trying to pull out the Banderilla's

[rbonnier] 15/1/2020 13:21

What a bull trap 62p was they sucked em in and now its tanking and they've done their dough !

[smartie6] 15/1/2020 13:19

Wodahsnoom, you mentioned yesterday about the possibility of being consigned to basket case, is this now the case on today’s news?
What’s your gut feeling?

[sentimentrules] 15/1/2020 13:15

Only re-entry point here buy side, is traders. None for the medium/longterm holder

[smartie6] 15/1/2020 13:11

Gutted for some on here. Maybe a re entry point will be allowed, I don’t know?
Could be the start towards that 50p.

[wodahsnoom] 15/1/2020 13:10

Hope you're getting paid for this minute by minute commentary

[smartie6] 15/1/2020 13:08

Looks like they’re applying pressure, could break 57p in next 5mins.

[smartie6] 15/1/2020 13:07

I’ve averaged down so many times in the past. Not again, rather sell half than comeback in at lower level or as you have said.

I fear for the PI on here. If no buyer then as many have said it maybe Asset strip.

[sentimentrules] 15/1/2020 13:05

NMC will get smacked by activists again

[sentimentrules] 15/1/2020 13:03

I rarely average down smartie. Creates work. Rather be out when first entry spotted value was incorrect. Was wrong on first lot. Analysis wrong. Cut the loss whilst it can be easily replaced by a bit of profit in another

[littlepuppi7] 15/1/2020 13:02

As a recovery play I prefer nmc.. they will need to sell something here and poss raise equity the debt is too large. Until that is resolved it will drift. They are not in a good position. Best out for shareholders is a takeover which may well come...

[pro_s2009] 15/1/2020 13:00

ORM ??????????????????????


What about the 59 million Euro debt they have, and the other 12 million debt they will soon draw down on.........so like 70 million debt.



..........Additional funding requirements

As announced on 17(th) October 2019, additional debt financing of EUR10 million was arranged to provide liquidity support to Saloro and the Mine. With a portion of this facility having been drawn, debt levels were EUR58.8 million as at 30(th) November 2019, with this estimated to increase to over EUR70 million within the next 12 months (due to draws of the remaining undrawn debt, together with capitalisation of interest on cumulative debt).

Despite the recent debt financing and the commencement of concentrate sales, management of Saloro indicated to the joint venture partners, Ormonde and Oaktree, that the 2020 budget for Saloro's continued operations, based on updated mine plans, foresees a further cash shortfall around the end of February or during March 2020. Based on this information the Company estimates that an additional funding requirement of EUR12-15 million will be required (the "Funding Requirement")............



Costax1654x 15 Jan '20 - 12:56 - 40003 of 40003
orm mcap 3 mil,cash 6 mil,no Debts!Plus Gold assets!Distressed Seller due to the sale of tungsten mine(clear our debts and we received 6 mil extra) need shareholders approval

[smartie6] 15/1/2020 13:00

All those who have bought in higher are now hoping their nuts are released from the vice. Next consideration, average down or not?

[sentimentrules] 15/1/2020 12:57

Loafofbread

The dough not rising? Burning in the oven?

pressureeee

hahaha

[smartie6] 15/1/2020 12:50

Or maybe laying out more nets?

[smartie6] 15/1/2020 12:48

Falling, is this it?

[sentimentrules] 15/1/2020 12:39

Forced buyers. Much like how dilutions are most of the time 90% forced buyers.

[smartie6] 15/1/2020 12:33

The net’s been cast, I wonder how many tiddlers they’ll catch?
A few keep biting at these levels, 10k buys at a time.

[sentimentrules] 15/1/2020 12:23

With a few stalls to let retail buy. Need two sides in the pot to make money on one side