Yup. Of course any decline is viewed by avi and friends (or alternate personalities) as proof of the world collapsing around Magellan while any gain is market makers messing around.
No more draws available from the bank and loan now matures in 2020 with only interest payments due for the first year of the new arrangement. Looks like about 250,000 a year due in interest payments then the loan will be amortized over the last 4 years of the agreement. This is a slight reprieve for the company but, unless oil prices recover substantially, all assets at Poplar will revert to the bank.
All they had to do was look at the actual numbers based on share price and not do all that upbeat nonsense that tells investors absolutely nothing except that it is some kind of voodoo tech indicator.
Your math skills need some work. High for 52 weeks is 40 cents and low is 7.6 cents. Currently at 14 cents would make the drop about 67% from the high but up almost 100% from the low. See how much fun numbers can be by using them correctly?
Agree. Will be interesting to see what value a buyer would put on the assets so many of which have future but not necessarily current value.
If OA had a launch vehicle ready to go it would probably be positive but I think OA will have to depend on other areas to grow at this time. I wonder what the Orbital timeline will be for its next launch to the ISS or if they yet have a timeline. I think OA is a "light buy" at this time but would not load up the truck just yet.
Described as non-nominal. In other words the rocket blew up at about 35 km altitude. No one likes to see that happen to a company but I have posted in the past that eventually this would happen to this Musk enterprise and that his crowing about Orbital's failure was not justified. This is part of the risk of such highly technical attempts. I am sure SpaceX will figure out what happened just as did Orbital.
Wilson's latest comment about how to create value for shareholders based on the assets the company has shares in and the potential long term value of Poplar makes me think that management is looking for a buyer or at least a white knight.
Investors seem to be waiting for the next shoe to drop. Will it be positive in terms of news from Horse Hill or will it be negative and cause shares to collapse even further?
Yeah, right--haha. In as much as avi's and taffy's replies were deleted as well, I am sure you are correct.
Many replies no longer show and now I get a May 1 response from wrongtom on the Quadrilla post that refers to Central Petroleum in Australia and the Dingo gas field and has nothing to do with my Quadrilla post. Weird.
And yet UKOG was able to get investors to subscribe to 9 million dollars in new shares with the main emphasis placed on Horse Hill in the news release. Hmmmm?
Correction: Lancanshire County Council recommended approval BUT final decision still needs to be made on the site Quadrilla wants to frack.
Another site was rejected. UKOG says fracking not in Horse Hill plans but the 6 million pounds I said they were hoping to raise has been completed and Horse Hill has been indicated as the main site for the usage of the new funds. Nothing is mentioned in the news release about Magellan in regards the new funds.
Moderation in all things my good man, moderation in all things. Does posting what a minority backbencher thinks in Parliament many times make it any more or less relevant than one time? Does repeating over and over the mantra that the Fort Peck water supply from 30 years ago might have been polluted really add to the conversation? Does posting 7-8 or more times a day make the poster relevant or a joke? Does posting about a racehorse--oh wait, did I type that out loud...