Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
In this penultimate podcast of 2014, I look at Sefton Resources, Peter Landau, Range Resources, Black Mountain Resources, Patisserie and especially Igas and its utterly disgraced CEO Andrew Piggy Austin for whom the questions mount.
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Comments
ABC
spot on re range. just remember Exec Chair and PL are mates.
Mark
Range selling the drilling services also means range has no longer 250 staff on its books, bit of slim lining of a struggling company maybe should be seen as a good thing, 3000bopd waterflood q1 2015, surely they can’t be doing a PL nonsense routine once again. One thing for sure, these Chinese don’t hang about! Feeling more positive of getting some losses back more than in previous months.
Jonathan
Tom, in your next cast could you look at Petropavlovsk?
They have announced a 15 for 1 rights issue for all current shareholders (seems good to me to let current holders in, rather than give it to a bucket shop) at 5p.
Since then the price has gone up from 6p to nearly 17p! I doubt I am the only PI struggling to work out what the reason for the spike is! It is suggest that people are buying the options for 15 for 1, but surely the price will crash when the option goes ex-rights?
martin ashworth
Hi Tom,
Gud work in 2015. In your next pieces could you please pass some comment on Forte Energy, which has just taken yet another round of Darwin Strategic “Death Spiral” Financing, in order to continue. Announcement put out in no-mans land period between Xmas & New Year, when no-one is looking. Any views on the long term future of this Company ?