The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Hi Looed,
Thanks for the reply at 9.46
Feels like more litigation on it's way about the asset move along with the interpretation of the result of arbitration. This could go on years and years with the resource sitting in the ground, no SM buy in or out and no one making any money.
I think a compromise is best !
ActionPotential
Reports are similar to "lies, lies, lies and statistics" by perchance ?
I see by the number of "ticks" that many assume I am full of my own importance - I assure that is not the case, far from it. There aren't too many out there who spend the hours it takes to search multiple sites and sources. Even worse to be criticised by people who never search for anything. So, it does make me question the value to me in carrying on. Hopefully others can pick up the search and continue to search what is out there. Hope this comes good and soon and to everyones satisfaction.
Nail on the head pophead
I suspect that Looed does not realise he is in a tag team with a person whose research is motivated by a desire for FRR to fail.
Looed is providing tome fantastic information and without a doubt it is clear in his statements and posts that he shares a hope that this can come good for us. SR also is a fantastic researcher but the same cannot be said for sharing the hopes of this coming good for us all. What really turns people againt SR is the sometimes expression of pleasure when the big news items drop that appear to point to the end.
Hi Gipps - Mole did think the move to FRR US was possible when he went through the PSA - "We know from the Outrider court action FRR transferred to FR US its share. That transfer would be under 27.3 as I would say FRR US is an affiliate.". But then we had discussions about the arbitration being split with the asset move treated as a separate issue. I guess we assumed OK as we didn't her anything to the contrary until GOGC made the "asset move is illegal" statement.
My views on the KPMG report (and indeed any audit):
1) One single set of accounts can be presented in many different ways. We have often seen many accounts presented "creatively"
2) KPMG will have got management sign-off for their own protection. i.e. management will take responsibility for those sections that are opinion based.
3) The statement that is being referred to is in the 'Contingency' section. There is an obligation on the auditors to include possible future events. There is no guarantee that those events will come to fruition.
4) How many accounting scandals have we seen where accounts were not presented to reflect reality. I'm not saying this is the case here, but I would not paint them in a light that they never get things wrong.
Sheff67 - if your level of contribution to the board is asking has anyone thought about tweeting Donald Trump (too lazy to do it yourself?) then I won't let my self get too bothered by your statement.
Georgia is not a free country. Which country is?
GB where some get away with murder with the help
of Professionals who are trained to help their friends.
It’s been a good few months since Star mentioned his court case with Cairn. How’s it going? Any developments?
Morning Looed,
Ref your post of 5.14 .
Let's hope Zaza has not talked himself out of our 1%. He does seem to have infuriated the GG .
I think the fact that it was 8 days before we heard from Zaza suggests that he had time to take legal advice before making any kind of statement.
My first thought is that the GG cant decide to take 100% instead of 99% just because Zaza make a defense of his and our position.
I thought Mole had said that the move was legal in his eyes ?
That was a few days ago so I might have that wrong !
.... and they said a week was a long time in politics, try being an FRR shareholder for a day.
This BB is like the film called 'Platform'.
Question is, which floor is ZM et all on, if any at all?
Roar
RIAR now that's a sight
They are eating each others left overs
JV123.. agree 100%. Last week or so SR and Looed have started to act like a tag team for self congratulating their own importance.. Looed started ok a few weeks ago with useful information but now he seems to be following SRs arrogance with repetitive boring detail. SR appears at point of orgasm every time he posts something. God help us end of July..
If you look at the audited results you will see that the statement is linked to a line item - "legal fees" in the accounts regarding Hogan Lovell. So you can accept that KPMG said whats all this then and GOGC said just take a read of this statement we prepared earlier, or you can expect the auditor to study the paper trail to verify. The statement hasn't just been inserted into the audit report without reason.
jv123 - please provide evidence of posting for my own self importance. I had no idea I did such a thing, thanks.
star
I have a basic understanding but of course only you think you have.
No I don't think that statement was slipped in
We'll see who comes out of this with what in july
If its over its over and as a shareholder you can rejoice in being correct
Gogc are going to let the people think they've lost all the gas but left with rubbish land.
They'll want to move that land on get companies in to explore
Those still can all apply to unused land we had to give back anyway. So nothing changes if kept the land of guernsey with all the juicy oil and gas!
tsbs1 - the statements are the same but I do think this time is a bit different
First time we dismissed the statement as it was on the GOGC website - dodgy
Then we dismissed the statement when repeated in Georgian press - dodgy
Can we really be so dismissive about KPMG? I find that a hard one but happy to be convinced otherwise.
I am sure there is case to be made that this doesn't matter as deals are being done etc - lets hope so and that is happens soon.
Well said tsbs1
we are all looking at things rationally, and with that in mind at this point in time it doesn't appear to be over
Which should as a share holder give slight cause for optimism
On statement most if not all, is from previous made by GOGC. So overall not KPMG own words, in the statement on website.
Me too utter sc um!