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He left last year, its Ceclilia now (or at least this month lol)
So what’s happening now is Peter Hill running the show or he never stopped
Of courseThe Company wishes to advise that further to its announcement on 26 January 2024, the Partnership Agreement between the Company and Cynergy East Med LLC has been mutually terminated following the resignation of Executive Chairman, Mr Daniel Page
Out of interest, do you know who writes the analysis that you have posted ?
I don't think there's much choice really. It's a public co. The RNS is out there. She has to be on the front foot. She is last one left that commercially can have a story to go with. Otherwise? If she didn't do that what would happen? If she is next to go then will it be a story that Draffin is great or that Azib is great and has a plan c, d, e? I love watching this for comedy value.
Well she’s already updated the website to remove Dan. Suggests she means business. If she was throwing the towel in she probably wouldnt have reacted so quickly.
I suppose eventually it will all be known. There is somewhat of a downward spiral now and an intensifying scrutiny probably going to come from Nomad/aim-regulator. If Dan exit seemed "sudden" and Cecilia can't "transition" then it goes to show all the GBP "dream" heavily relied upon Dan leadership and once we know what really happened to trigger him resigning and once we see what Cecilia can handle we shall know if it is for the best or not. Until then "buyer beware"
Dan’s departure seemed sudden so in fairness I suspect they need a little time. If the handover were more ‘planned’ then I suspect Dan wouldn't have quit immediately and would have stayed onboard to allow Ceclilia to transition. Suspect there was a big disagreement and then Dan walked hence them needing some time.
Plan B is a necessity, cash is a mystery and time is a luxury over at GBP. If they don't have a plan B as of yet (when cash is a question) then why not have worked on plan a with Dan? What's going on with their cash/raise and why such a mystery when they're down to the wire? If they say cash is no problem I'd love to see their maths. Do they really have time to figure it out? If they did have a little time to figure now that things are under scrutiny given Dans resignation then how much time and cash do they really have? I don't think investors have the luxury of finding out too late
Assuming there is a plan B, they probably need a bit of time… Dan didnt immediately announce the Cynergy deal
No doubt there is a plan-B with Cecilia post Dan resignation. Otherwise GBP will am sure have told the market thru RNS that its all at a dead end. Hope the plan B is real and if so why not divulge such plans (especially now) and deliver upon such plans?
Sounds to me like a dispute between Dan and Omar re placing funding for the Cynergy deal. Hopefully there is a plan B with Ceclilia
Https://sway.cloud.microsoft/4RM18uex06cfhtUF?ref=Link&loc=mysways - analysis into Dans resignation
https://sway.cloud.microsoft/LHHEp3KiHxUaAsM4?ref=Link&loc=mysways potential for disclosure issues at GBP
https://sway.cloud.microsoft/ImqWd8S8I5cXXfTN?ref=Link&loc=mysways what next for GBP?
https://sway.cloud.microsoft/ni04pDu5QiI5aV69?ref=Link&loc=mysways sentiments from social media mentions
https://sway.cloud.microsoft/ssGfjmDcBKD7GiUr?ref=Link&loc=mysways ultimately cash is king. Can GBP survive let alone Thrive...
It's strange how you couldn't buy for the first 1.5 hours of yesterday and some long periods in the afternoon.
The company is debt free and has low overheads (now) and so you would have thought it could stick around for a while longer. Agreed it needs a plan and direction, but timing wise things are not critical imo. The assets remain the same and lets not kid ourselves, Peter Hill et al did next to nothing for a long time and the company survived. It seems like Ceclilia will be more proactive and has links in the Fintech space etc and so we could see GBP head in a new direction, but equally things could end up going to pot. Time will tell.
The legacy prospects of Namibia and Italy are millions of dollars and years away. The data room for Namibia has been open 3 years or so with practically zero interest and we all know anything Italian takes decades to evolve. Time and money this company no longer has.
Cecilia Yu is experienced mainly in the credit markets, which is worrying from a CLN perspective.
It's clear that Dan was peddling and empty pan and left when they found out the cupboard was bare. Personally, unless this becomes some form a shell and goes down the route of an RTO then things are likely to deteriorate rapidly in the coming weeks.
I think Dan's decision to go has the few remaining board members flapping and putting out RNSs to stem the outflow of investors but the reality is nothing is going to happen quickly enough to save GBP , Unless they announce something within a week or two.
Blocked from adding on ( D ) as on 21/11/2022 below.
It was a mistake then maybe doing me a favor .
Was tempted at the 30/11/23 placing price of 0.06p if hit.
Down 35% to 0.07p with over 7% spread today .
On this news .
(Alliance News) - Global Petroleum Ltd on Monday announced that Executive Chair Daniel Page has abruptly left after just over three months in the role.
Shares in the company plummeted 27% to 0.080 pence late on Monday morning in London.
The Africa and Mediterranean focused oil and gas explorer said Page tendered his resignation earlier on Monday with immediate effect.
Global Petroleum appointed Page to the executive chair role on November 27, while also naming Cecilia Yu as an executive director and Azib Khan as a non-executive.
Previous Non-Executive Chair John van der Welle resigned at the same time, alongside Chief Executive Officer Peter Hill and Independent Non-Executive Director Garrick Higgins, after 5.0% shareholder Omar Ahmad proposed their removal.
"The company thanks Mr Page for his service since joining the board in late November 2023 and wishes him every success in his future endeavours," Global Petroleum commented.
It said it will provide further updates in due course.
Cue…..Chinese bid for the whole company…..😏
Ouch
Do we think the Cynergy partnership will remain or wss that Dan’s baby and so will now be ditched?
Look at the posts by the company and quotes from cecilia Yu
Cecilia Yu:
"We thank Mr Page & wish him the best for his future.
Our strategy remains committed to delivering significant SH value, growth & stability.
We are currently assessing exciting opportunities for #GBP & look forward to updating SHs in due course"
Cecilia Yu:
"Please note to all shareholders, we are well capitalised and have a bright and long future ahead.
We thank long term shareholders for their on going support"
Fully capitalised
lots of opportunities
want to maximise shareholder value
long future ahead
at 1m market cap value this is bargain territory here - should be significantly higher here.
cecilia has built out a billion dollar hedge fund and has vast experience building out companies. imo shes the brains of the operation and now has abilty to shape the GBP in her own way which i feel will be massive from here
As I said before, this company need fresh cash and fresh shareholders. The existing shareholders will have dilution.
Now it proved to be in need for a new director as well. Tough decisions ahead.
Everyone was happy when he came now the happiness is finished