You sound very much like a "half glass empty" sort of fella but hey each to their own. Let's all hope SN and his team put on a much better performance at this years AGM than last years then we might gauge further how yesterday's RNS reads? For me personally I thought yesterday's RNS was a belter and in time, maybes the next 6 months or a whole year, will prove just that :) Yes it would be nice to see my investment here back in the black (only been there three times in the 3+ years I've been invested here and then for a very short time) but I'm here for the long haul and happy to wait until SN shows his hand :) Have a good evening. VW
I think it was basically a 'nothing' RNS. A lot of platitudes and 'happy talk', but very little meat on the bone. In fact, basically all they did was just push their projects, and I mean all of their projects, further out into the future. Yet, I see posters coming on here jumping up and down with joy, ...like its the greatest RNS they've ever seen.
I stand by my earlier sentiments, that it was basically a 'forced' RNS. They really didn't have anything material to report, they just put it out there to appease the market, and get people off their backs.
Ministry Of Energy Of Georgia SHARED Ministry of Energy and Water Regulatory Commission 'S status . 10 hours ago. "Natural gas connection 400 Package increased its scope. of Energy and Water Regulatory Commission to extend the list of gasified settlements, where the natural gas grid
New customer connection fee is 400 GEL. December 11 at the session of the Commission made ​​changes to the "approval of the list of gasified settlements" on November 3, 2014, the Commission decided to 43/1. The amendment, added to the list of 47 settlements:" https://www.facebook.com/minenergygovge
Another 47 villages added to the Georgian gas network.. As of 2012, 28% of imported natural gas to Georgia was for the domestic sector..obviously over the last 2 years this will have increased.. It's all gearing up nicely methinks :-)
The Company is aware of a number of inaccurate comments that have been made online concerning Resolution 2 that is to be proposed at the forthcoming AGM on 18 December 2014.
Resolution 2 concerns the rule in the Company’s Articles (Article 80) about the quorum needed for a members’ (shareholders’) meeting to proceed. A quorum is the minimum number of shareholders needed for a valid meeting to proceed. Without a quorum being present, a general meeting cannot be held.
For many AIM and Main Market listed companies, the rule is that a quorum can be formed by the presence of two shareholders and that is the default position at law under the UK Companies Act 2006.
The purpose of Resolution 2 is to remove an unusually onerous requirement in the Company’s Articles, which requires more than half of the Company’s members (shareholders) to be present to start a meeting. The effect of Resolution 2 will be to change Company’s requirement on quorums to any two members (shareholders), mirroring the default position under the Companies Act 2006.
The reason the Company would like to pass Resolution 2 is so that it can hold general meetings – a necessary function of any company – without having to incur significant time and expense trying to achieve a quorum.
For the avoidance of doubt, Resolution 2 does not:
lower the percentages of votes required to pass a resolution of shareholders present at a meeting (which will remain as a simple majority of votes cast in respect of ordinary resolutions, and a majority of at least two thirds of votes cast in respect of special resolutions); affect a shareholder’s right to attend a meeting; affect a shareholder’s right to vote at a meeting; or in any other way, affect a shareholder’s right to participate in the affairs of the Company. If Resolution 2 is passed, the Company will continue to be obliged to provide shareholders with notice that it proposes to hold a meeting (including an AGM) and shareholders will continue to be allowed to attend and vote at meetings in the same way.
Lowish volume people watching what will happen. Mms ran it up though not wanting to be caught. Seller well and truly gone. People still holding in spite of the slow down. Charts going right way . Ntog are down below Mondays opening despite doubling their bopd this week. We rock. We have to be attractive to hot money looking for a home this weekend. Roll on Monday.
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