I think it is going to be a good week next week. Slightly miserable this week to be honest but you gotta trundle along for a while before you shoot up.
Wales power over Frac and compo
Igas bought Dart in part for the shale gas prospectivity of licenses which are in Wales . If the Welsh Assembly ban frac'ing they are essentially changing the terms of the license . Does anyone else think that Igas ought to be pursuing compensation for this ?
Interesting to see the name Frank Timis resurface in relation to a market scandal. And no surprise whatsoever. The blame cannot in any way be put on the shoulders of AIM, neither. Anyone who invests in any company with which that man's associated should equip themselves with a very long spoon indeed, like when supping with the devil. Go back to 2005, and the Regal Petroleum (of which he was CEO) / Kavala Oil affair, regarding a well offshore Greece. I happened to be working on that hole, and it was dryer than a cream cracker. Meanwhile in London, it was being hyped to high heaven with downright lies (I was unaware of this, being offshore) and at the peak, just before the truth broke out, a certain gentleman and his cronies cashed in to the extent of fifty million or so, and the SP fell almost overnight from around three quid to about tuppence. Regal's executives were forcibly run out of Greece (literally: under police escort to Athens airport) before we'd even abandoned the wretched hole and released the rig, Kavala (the locals) took over operations and whatever assets Regal had left behind. I continued working with Kavala, but they'd been stung as badly as everyone else, and eventually suspended operations. An issue of the Sunday Times didn't go past without Mr Timis being mentioned (very unfavourably) in the Prufrock column for at least six months after that. I think the moral of the story is to carefully research a company before investing in them, and that includes the credentials of the BoD, not simply the business strategy.
RE: Wesmister surrendering to Holyr..
Oh well once they gave in to Scotland the writing was on the wall, they will blackmail the rest of the UK and whenever a piece of legislation is passed in the UK which the Scot's don't like the SNP will trot out their conspiracy theory that Parliament is against the Scot's. The truth is Scotland needs the UK, the rest of the UK does not need Scotland. I think the rest of the uK ought to have a vote as to whether we want Scotland in the Union at all !
Eafrth Tremors - Channel Islands
News reports that there was an earth tremor in the Channel Islands yesterday...I expect any moment now that the Green Party and Greenpeace will attribute these tremors to fraccking in Texas !
Seems like you have all the evidence to show the police to bring Africa minerals down.
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