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You must have lost a pile of money if you've been here that long. What's the point of having around?
Check out BRES.....
Got my invite to vote.
I'm in for 1%
Trust the board.
Its a yes from me. Been associated with this since the old Ramco days(steve remp rip- legend).
Think things are starting to turn in our favour.
Https://www.irishmirror.ie/news/irish-news/eamon-ryan-says-hell-walk-31652216
This is who we are dealing with. Not interested in anyone else's opinion unless it agrees with his own. I would make him walk home.
Tis a cracker this one....a wee cracker!
Morning Swizz. Hope you are well. Do you see any chance of a buy out here ?
That would be one medium-large but very very cheap oil and gas field for Larry to pocket for himself and his heirs!! I wonder what he’s done with the 40m held in escrow for drilling at Barryroe?
The company is valued at just over 1.3 million pounds at the moment so if Larry Goodman paid 13 million pounds for Lansdowne that would value the shares at one pence each. A relatively small investment from Larry Goodman would really increase the share price by multiples from its current price.
I think somewhere between 5 -10P would be more realistic. Would LG really offer as much as LOGP could get under ECT? Maybe LOGP will be asking for more than $100m. Can anyone see him offering less than 5P per share? Any views?
I'd be happy with 15p!
Just wishful thinking, but should LG want the whole caboodle, and the direct right to sue the government under the ECT, surely buying LOGP, and leaving them a net profit interest would be a neat solution. He would have LOGP’s losses as well, as an offset. BEY should really have been left with 18% rather than 5% to align them more proportionally to San Leon. It’s a ghastly irony they are left with only half a percent more.
Just for fun, what should he buy LOGP for? I would suggest 15-20p plus npi of 1.25% would be fair
No doubt LG would like to be sole owner of Barryroe. My question is whether tax considerations make it more attractive for him to become sole owner?
Boldy is probably waiting for LG to declare his intentions before the end of this month.
If LG comes knocking on his door, Boldy wants to be at no disadvantage. Hence the changes to be passed on 29th of this month. Good to know from Swizz
that shareholders are presenting a united front.
On founding the farmers alliance back in the spring the following comment was made:
"McLaughlin said that it is too early to say if the Farmers’ Alliance will run candidates in the next elections but the idea is not being discounted at this stage."
With an election due in the next twelve to fifteen months the possibility is that a proper farmer alliance party with potentially twenty members plus Sinn Fein would easily form a majority.
At that point Varadkar, Martin and Ryan will be for the birds and with a proper Farmer's Alliance seeing the benefit of Barryroe it will definitely be developed. The only issue is that Goodman now holds all the cards for Barryroe with the exception of the 20% Lansdowne owns and the 4.5% nett interest that San Leon owns.
So Larry and the farmers who are his bread and beef will be the beneficiaries except what we can get from Lansdowne.
We have all be scr*wed by Larry. Perhaps he will do the good think and revise the miserable 5% he promised us in his takeover.
It will never happen but I would love the o&g companies to just stop supplying for a while and let them all walk to their next climate knees up.
A spade’s a spade and Ryan’s insanity is insanity - on crusade business-class round the world. Never mind no steel, Varadkar and Martin have no balls at all to let this happen on their watch.
Https://twitter.com/FarmAlliance1/status/1733132316015260125?t=kmgyS0r1YIZN1w-pMOZB3g&s=19
No problem Flashgarden. This is a high pressure share to be in. I haven't worked out the increase in the number of shares myself but I would say you are right. I suppose the good news that is been overlooked a bit is that the company reaffirmed yesterday that they are going to sue the Irish government and they are putting together the legal action that will be announced in due course and that is the reason for the fundraiser and expansion in the number of shares, so the 12% increase in share capital should be easily offset for shareholders once the details of the legal action are announced.
Apologies for yesterday guys - bad day.
Only bit of rns I have an issue with now is the figure of 8%
if after the firm placing we are at 1233m ( 40/1233 = approx 3%) then surely an additional 160m conditional shares takes us to 1393m.
160m new shares will be approx 11.5%
Thank you very much Swizz. You are a Gentleman. Regards
Spud, it is an official date, it is within the scheme of arrangement document that was submitted to the high court and approved by the high court, as part of the confirmation hearing process, I have copied and pasted the two pertinent points from the SOA for you below,..GL S
Plus, the effective date was November 8th and I understand from someone close to the situation, they are a few days behind schedule.
4.16 The Investor will allocate to the Other Shareholders 5% of any net after-tax profits realised by the Company from the Barryroe field either through its sale or operation at any time in the 10 year period after the Effective Date (“the Proposal”).
4.17 For the avoidance of doubt, the Other Shareholders shall not be required to commit additional funds to participate in the Proposal. The documentation giving effect the Proposal will be prepared and distributed to Other Shareholders within 30 working days of the Effective Date.
One Question Swizz. I have seen a 30 day period mentioned for the SOA for Barryroe Energey. Cannot find it mentioned anywhere in any document. Is this an offical date or one that can be moved and will be delayed as per the minor procedural delays. Just wondering when we might expect to see some news - rough idea !!!
Thanks very much Swizz. It seems that at least there is fair play and general respect for the smaller shareholders here. BOE/Providence was a nightmare. Will be interesting to see the forthcoming news. Take care
Do not see any dillution apart from the new shares that will be issued
Total Voting Rights
Following admission of the Firm Placing Shares, the Company will have in issue 1,233,618,337 ordinary shares of 0.1 pence each. No ordinary shares are held in treasury. Therefore, the total number of voting rights in the Company will be 1,233,618,337.
No ordinary shares are held in treasury. Therefore, the total number of voting rights in the Company will be 1,233,618,337.
The above total current voting rights number is the figure which may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.
Another LG-style mugging? I think Swizz has got this right. Maybe you are praying he has got it right! LG’s moves in the business world are enough to make a lot of people paranoid but LOGP has to plan for all eventualities and not be caught out unable to raise cash, with LG hovering in the background ready to hoover up any further tasty morsels that become easy prey.
So in a glass half empty perspective my opinion is that my holding is being devalued by 90%