Login:
Share:
Email Facebook Twitter

LGO Share Chat - RSS Feed

Leni Gas Share Chat (LGO)



Share Price: 0.91Bid: 0.90Ask: 0.92Change: -0.005 (-0.55%)Faller - Leni Gas
Spread: 0.02Spread as %: 2.22%Open: 0.915High: 0.93Low: 0.865Yesterday’s Close: 0.915


Share Discussion for Leni Gas (LGO)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


Sierra117
Posts: 52
Off Topic
Opinion:No Opinion
Price:0.71
View Thread (2)
RE: Costs
3 Apr '14
LGO's own costs have been paid for.
 
xpose
Posts: 33
Off Topic
Opinion:No Opinion
Price:0.71
View Thread (2)
Costs
3 Apr '14
Hi all, firstly i am not in here but still maybe,im in STG

I read it as, costs were awarded to MOG. £600,000 ordered to be paid within 1 week from LGO to MOG (interim payment), Balance to be paid once agreed , or if not agreed (assessed).

This does not include the bill that LGO has to pay its own solicitors. has anything been said about these costs ?.
BhoyGeorge
Posts: 49
Off Topic
Opinion:No Opinion
Price:0.71
View Thread (17)
RE: Indemnity Basis
3 Apr '14
Sorry missed a bit
Timpson: :" You'll find that a significant amount of their costs are from a previous advisor whom they sacked and started afresh. LGO will not be responsible for their fees"

Timpson, do you know this for sure or is the heart leading the head here ?
BhoyGeorge
Posts: 49
Off Topic
Opinion:No Opinion
Price:0.71
View Thread (17)
RE: Indemnity Basis
3 Apr '14
Timpson:" You'll find that a significant amount of their costs are from a previous advisor whom they sacked and started afresh"

You know that for sure do you ?
Timpson
Posts: 493
Observation
Opinion:Strong Buy
Price:0.71
View Thread (17)
RE: Indemnity Basis
3 Apr '14
I agree.
OutOnaLimb
Posts: 36
Off Topic
Opinion:Strong Buy
Price:0.71
Bol**cks to it!
3 Apr '14
Sod it, was thinking this could drop to low .6's today and I would swoop, guess I was wrong, naymind.

Buying at a higher costs than I wanted but in 6 months 0.1 won't matter too much!!!

Good luck to everyone
21alpha
Posts: 53
Off Topic
Opinion:No Opinion
Price:0.71
dick
3 Apr '14
Is Henry the judge as well as your chairman ?
OutOnaLimb
Posts: 36
Off Topic
Opinion:No Opinion
Price:0.71
View Thread (17)
RE: Indemnity Basis
3 Apr '14
So those would be the disputed costs, the fact they're disputed means we shouldn't merely dismiss them out of hand, if the relatively neutral judge has ruled that the extra costs need to be sorted out then I think it fair to assume there will be extra costs to pay...?

This could be (and probably is) a very clever tactic by NR/DL, argue for the 3 week period, argue a little longer until cash is in the bank from the Spain deal then announce costs early May, whether they be 100k or 1m it wont matter, drilling will have started and cc will be distant memory.
goooba769
Posts: 897
Off Topic
Opinion:No Opinion
Price:0.71
View Thread (17)
RE: Indemnity Basis
3 Apr '14
Timpson I'm purely looking at this from a worst case scenario so in my head £1.6m is the very maximum. If its less then that's even better.

This will be irrelevant from next Monday as people load up their ISA's and the anticipation of the drilling kicks in. I'm happy to forget all about this CC until the final outcome.

Ill leave it there now on the CC front and concentrate on all the upcoming events.
Timpson
Posts: 493
Observation
Opinion:Strong Buy
Price:0.71
View Thread (17)
RE: Indemnity Basis
3 Apr '14
You'll find that a significant amount of their costs are from a previous advisor whom they sacked and started afresh, LGO will not be responsible for their fees, which is why the figure is £600,000.



Share Trading BrochureRequest your Free brochures on share dealing, spread betting and CFDs

Sign up for Live Prices


Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.