ReallyVeryFoolish wrote:thehaggistrap wrote:Personally I smell a giant RAT with recent events at Hurricane....
Kerogen commissioned the technical review.
Now it has been published and share price trashed they want off the board.
Presumably so they can either buy or sell shares?
2 possibilities here :
1) Kerogen now want to sell out to Crystal Amber at 3p.
2) Kerogen now want to buy before a cheap take over (5-10p) from Spirit or Chryasor.
Today's director dealing simply adds to the questions.
Things are clearly bad at HUR. But are they actually as bad as made out ?
Or has "kitchen sinking" all the bad news with worst case scenario been a deliberate tactic.
Allow Kerogen / Crystal Amber to average down then sell entire company to first bidder.
Spirit Energy have got no money anyway. It's ancient history now but HUR demonstrated serious desperation when they brought Spirit on board. It's been one disaster after another ever since it happened.
RVF
1. IMHO it was HUR who pulled a fast one on Spirit, not the other way around. All credit to the HUR team to being convincing enough to get Spirit on the hook for that work programme. It does also say something about the Spirit team as well mind you.
2. Kerogen putting Alan Parsley in to HUR board was them putting the heavy guns in to see if anything could be salvaged. Check out his CV.
3. Now Kerogen are off the board good luck to them if they can recover anything like 9p, that would be very good if they can achieve it.
regards, dspp