George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Cheeky lol
Is it free?
Jeez he's had more names than me lol...
Zib.........It's Dirk Digler.
Pay no mind to him.
We've heard it all a thousand times before.
Poland mention earlier really gave it away.
He was banned before...it will happen again.
"lost sole".. Can't remember the plaice I put it lol...
"devex your God" oops booster given yourself away
@Adlikeabigun. "i have written my investment off..."
Dead in the water.....all over...... why are you still here?
Written off ..fine thats your choice.. however to me that would mean you have gifted your hares to charity and stopped wasting your time thinking or talking about it..
doesn't seem to be the case though for some reason does it?
England doesn;t give a flying one about the EU.. from whatI saw that was about 50/50 probably like this! And how much BS was there in the Brexit 'debate' no different to this.. however Brexit was one way or another there are multiple psosible outcomes here, both sides could jsut be arguing over a greater shares and that is certainly hwo it sounded the last word we had from Zaza ie agreement on the PSA renewal.
I thought I answered 'would I buy this now' , yes i would I see this as a 50/50 lose all or win massive.. its the risk / reward that makes it worth while. And whats your pension worth right now mate? 0 cos you can;t get to it.. so why don't you just write that off you might never live long enough to cash it in.. We have heard your opinion and you are entitled to it not sure why yo uahve to keep repeating it over and over
alex I am not sure how you can be so sure. The main issue for me is whether there is a valuable asset. I honestly think that is beyond doubt now. The next thing is who owns what? There are two ways to establish that, agreement unleikly due to teh nature of the two side ie West/East and the size of the asset but this would be the quickest resolution but speed is not a factor here really. Then there is the arbitration which is a huge gamble for both sides but even Russia has respected arbitration in the past, the whole point is its finality. "As long as the current governemtn is in power" well there is an election in 9 months so they may not be in power long. And what the current governement says now and the result of the arbitration could well have a large impact on how the western facing population vote.
Ekxoc I totally agree!
johnnybbad, can you explain why then GG have gone to all the bother and expense of international arbitraion if Zaza is delusional and there is nothing but grass there?.. thats alot of bother for nothing, surely they could have just sat back waited for the PSA to expire with no production and then take the block back?
That just doesn't add up ..
Of course it makes perfect sense to say FRR has not found anything and should just give the block back and if after 20 years FRR hadn't found anything then it would make perfect sense to just give it back! But this is no what is happening
This is all horse trading, in the UK everything is labelled with a price and we pay it without thinking or arguing not so if the rest of the world and even less so the higher the value of the asset. This increase in activity is likely to indicate neither side want this to go to arbitration as that is a massive unknown and the result could come down either way with a big loss for either side. Much better to come to an arrangement, the heavy weight nature of the barterers indicates the heavy weight nature of the asset both sides are going to argue like hell 'me and my poor old dying grandmother' springs to mind. Sit back and enjoy the show as Ive said before most people have no idea this is even going on.
@Reg. "One is thing for sure if FRR walk out with something from this they will not be welcome in Georgia and I think they will have to sell their asset."
Hopefully to BP for a madpunter sized sum of money.
oops - should read late night FOR me!
There has (as far as I can see) been no mention of an asset strip in the Russian / Georgian / Other press other than to repeat the accusations made by Olson and the other senator.
Please allow a likely stupid question - could the senator(s) be right if they are talking about the 5% we assume has been left in FEGL ? Thus FRR forfeited this to GOG? So then this is separate to the arbitration? Its late night for so apologies if this makes no sense!
Fighting over the empty box ? They know full well what's at stake .
Very reasoned post
As in all things each side will take a polar view and somewhere in-between will be closer to the real solution/answer. the fact that GG did not just take the block and offered FRR the small area they were producing from indicates to me that their case is open to interpretation and not a dead cert. FRR can show that they too offered a 50/50 share indicates that FRR have also a risky case. What will the Arbitrators say (if it gets that far) based on what is going on now will be part of the judgement.
Unfortunately this could go on years if FRR/GG appeal the judgement/s (they will be a number of points that would require a ruling). At this point the escalation from the US will help in my view as sanctions will cause the Georgian people hardship and with an election on the horizon even the Dream party will see this as a nightmare.
One is thing for sure if FRR walk out with something from this they will not be welcome in Georgia and I think they will have to sell their asset.
As some one said we will have to sit and wait and continue to search for clues.
My hunch has always been that State Oil has not acknowledged any data provided for CPR and production phase to be approved.
IMO
Excellent post, thumbs up.
Final submissions for Arbitration due mind Feb .. decison could be any time after than but likely to be mid year.Did Russia think they would definatly win the Arbitration against Ukraine..? I would expect so.Did FRR default on payments including to employees due to finacial pressure caused by the Georgia Goverment I expect so .Would I buy a share that has an uncertain chance of success but has an a risk reward of loss it all or win 100 time stake I expect soThere is alot of bluster out there all of which proves nothing more than the stakes are huge, there is no information available which indicates how this will fall so I think everyone needs to just calm down and wait patiently. The main thing for me is that the Georgian claim no oil and gas has been found and yet this almightly struggle really does prove beyond doubt that there is a huge resource there.. if they are lying about that fundamental fact then everying they say is likely to be a massive lie as well. They would say day is night.