Canada Nickel, the Canadian nickel explorer, presented at London South East May webinar. Watch the full video here.
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Now that is a good write up..! Clinging on to that is backing a winner myself…!!????
with Tony Blackburn. Sat 06:00 -8.
If you've not listened, then you're really missing out. It's something fun to get us through these dark times.
Great stories from that decade.
I was too young. But, I grew up with the music.
There are some really big players, in the O&G industry, who are also shareholders in FRR. It's not just about us little people.
If we lose out, they lose out.
I like to believe that we are still onto a winner. And Europe wants our Gas more than ever. Needs our Gas, sorry !
Any change to the website? I can’t seem to find the link
Being ignored by them is a failsafe approach. They have no idea who any of us really are, with 1 or 2 exceptions and even then they are extremely cautious in their responses. After the damage done by the likes of ZM and the other narcissist, winnifrith I don't blame the heightened security if its aimed at protecting the assets and finding a way back to market. If that can happen it will cause some serious reputation damage to the likes of winnifrith et al, and not before time either. Scum like him and his mates feed off the insecurity of others.
Yes WHamBoy - I agree, being personally ignored is not a good reflection on them.
now we are progressive thinkers. Bio Energy Carbon Capture Storage for long term environmental and 2050 carbon net zero objectives coupled with short term energy needs. I like the trajectory this is going.
The West making sure Spewtins puppets are removed..??
Cheers Looed. It’s not nice however being personally ignored by the company for at least 3 years. Thankfully you, Cymro and others have been able to keep me and the rest of us in the loop.
Keep at it Lifeishard. It is frustrating that the various cases don't run to a more suitable timetable, but as far as we can see the company is prevailing in court. We are lucky ZM didn't appeal, that could have added years on to the litigation.
WHamBoy - I would add that the only person who truly didn't give a **** is our now departed CEO, with the current team we at least have a fighting chance.
Thanks all for your thoughts and comments, still no response from my emails also ….but will keep trying.
Let’s hope the company has us as being part of the future like Looed says but very frustrating for us all that nothing has been told to us yet, my response in 2020 did give me hope, I will cling onto that hope still…!!!
WHamBoy - that is an active email address and its best to work on the assumption that just because they don't reply doesn't mean they don't read your messages.
I expect they think their strategy of radio silence has worked to their advantage so far. It doesn't excuse their silence, but I can see that what few updates we were getting pretty much ground to a halt when ZM got his only (and luckily symbolic) win in Texas. That happened when shareholders inadvertently gatecrashed Zoom / contacted the judge. I think that has made them extremely cautious about when and how they give out information. We haven't really had any messaging from them since they expressed their extreme displeasure about that event. Of course you can also argue that they could have warned us in advance about Zoom etc. and so prevented it from happening in the first place. Whilst they do understand there was no intent to harm the company, I do think it has made them wary on who they communicate with.
Not pleasant I know, but they are as good as saying "yes, shareholders are important, but let's be real, you are not as important in the short term as these other and more immediate concerns."
Dulwichman and Looed.
Thanks for your two good and well thought out posts. We certainly need some clarity from the company: surely they are legally obliged to talk to us shareholders. It’s all very frustrating. I have now emailed the company 5 times in the past week and have had no response whatsoever. I don’t understand why they are not able to tell us that things are still moving forwards and that we still have a chance of success. They could drop discrete hints on the website to keep us all hopeful.
Unless of course they don’t give a **** about shareholders, which up until now I just haven’t wanted to believe.
Dulwichman – I agree and hope we are both right that the recent win in Texas will encourage a rethink by all parties involved, and that extends to parties not directly involved in the Texas case (GOGC etc.)
We need to see how FRC can weaponize this decisive win in Texas to get clarity on their (our) position with the GOGC, the status of the PSA and the assignment of the asset to FRUS. The GG have previously stated that they were cooperating with the company and would respect the decisions of international courts. It would bed reassuring to see some evidence to that effect.
We know very little about the Georgian legal process other that ZM seems to be involved in a lot of hearings that we deduce are not going his way.
The failure to fix the “simple admin error” regarding the assignment in the Georgian registry remains a concern. But, we found out that the company hadn’t in fact returned the undeveloped lands despite ZM saying they had done so. The GOGC were furious that the company had breached force majeure and extracted oil. It was only after the event that FRC advised GOGC that it was ZM, not the company.
Now, with the Texas win and with Texas recognizing the assignment, with the undeveloped lands now handed back to GOGC, with lots of pats on the back from the US political machine for Georgia regarding relations, and supposing the company have an attractive financing package, then it is likely as good as its going to get as far as FRC’s chances of getting the green light to restart operations and extend the PSA.
We don’t really know what is going on with Hope. The Texas case revealed that, at the time, he didn’t have the finances for more Cayman related action. Perhaps he saw the company had outmaneuvered him and left him with an empty shell.
All parties are happy to kick the ball way down the road with regard to further litigation. If we get some clarity on the FRC – GOGC relationship, and crucially the assignment, then I would hope further litigation falls by the wayside. If anything, we might now see a combination of FRC / Hope / FTI going after ZM.
It seems these cases move at a glacial pace. The FRC interlocutory appeal to compel arbitration was launched in Feb 2021 and has only just been resolved. That said, If FRC do now have the initiative then we might see settlements in these cases sooner rather than later. Even better if the operational side of the business can now just get on and operate irrespective of these civil cases.
Earsburn. Quite agree with your concerns. Uncle Sam had money on the table long before the Ukraine issues but a lot was being held back as the Georgian gov were simply not moving forward at the agreed rate in terms of democracy and cleaning up corruption. As far as I can see the money is still on the table post Ukraine but as yet the Gov do not seemed to have moved. To be fair it may be wise for them to wait until the Ukraine matters have some clarity. It may be the case of waiting to see what and when something happens as far as Putin in power goes.
You are also correct in so far the pressure is on for Georgia to fall in line with the western powers and the people also want this but I think very few know what pressure is coming from the other way in terms of what is in the public domain.
Certainly the flow of the court cases is so far positive and the others still pending may well be advantageous in terms of timing. Looed may have a better take on my view that as we have won some court cases so far it may well be the time for some re thinking prior to any further time in court my general rule is that civil court cases are mostly a failure to negotiate and whilst each case is an individual matter to be decided on its own merit I would guess our recent wins may well cast a shadow over previous positions in future cases.
German Chancellor Olaf Scholz says Russian President Vladimir Putin will only seriously negotiate over peace once he realises he cannot break Ukraine's defence.
Scholz says Putin "will not win" the war in Ukraine and has already failed to reach his strategic goals.
"We must make Putin realise that there will not be a dictated peace, Ukraine won't accept it," Scholz says at the World Economic Forum in Davos.
He says the costs for Putin and his regime are enormous, and continue to rise each day.
Scholz also pledges Germany will end its use of Russian oil by the end of the year, and is working hard to end its reliance on Russian gas."
Putin will not be giving Georgia any problems.
" facilitating Georgian energy independence"
Isn't that what FRR is doing ?
All Good imo
“OPC’s analysis and simulation enabled GOGL to outline to the government and stakeholders its commitment to supporting decarbonisation and the energy transition while facilitating Georgian energy independence“
I have to say that I see very much support for Ukraine on the Georgian pages of FB.
I'm confident that everyone is aware that if you fly too close to the sun, you're gonna get burned.
Pukin has changed everything.
Hopefully it's changed in our favour.
I believe so.
The policies and actions of the Georgian Dream government have been troubling me for a long time. Various international organisations (for press freedom, human rights, etc.) have drawn attention to Georgia's slide into authoritarianism. Of late, EU representatives have stated that the government's anti-liberal judicial and social policies are contrary to the EU's rules for membership, and that this disapproval may prevent the country's current membership application from being accepted.
This is bad news for any Western company, like FRR, wishing to invest in the country. The party is effectively owned (indeed it was founded) by a multi-billionaire oligarch, Bidzina Ivanishvili, with a strong Russian based financial need to counter any move towards the West. As parts of the country are already occupied by Russia, caution by the government is to be expected, but the lack of criticism of Russian aggression, and the mealy-mouthed nature of it's 'support' for Ukraine leaves liittle doubt as to where it's owner's sympathies lay.
According to the polls in Georgia, the populace is strongly pro-Western, pro-EC, pro-Ukrainian and anti-Russian. Corruption as usual, however, doesn't take any notice of democratic preferences. All is certainly not lost, and the Western powers have definitely woken up to the danger in Georgia, but it's a concern of which we should be aware.
The Georgians are clearly not as stupid as that clown who runs russia and will not allow their country to be destoyed by the russians.
Maxnoby is back tsbs…! Lol