Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
First meeting of the Negev Forum steering committee met today in Bahrain, convening top officials from the foreign ministries OF Bahrain, Israel, the UAE, Egypt, Morocco and the US. (Photo credit: Israeli Foreign Ministry)
Rabat - Butane gas distributors in Morocco have decided to postpone their strike, saying that the decision is part of an ongoing dialogue with the government to find solutions to their demands.
The Association of Wholesalers of Liquefied Petroleum Gas issued a new press release on Saturday, emphasizing that dialogue with authorities is underway to find “effective solutions” that could save the sector from the crisis.
The association’s statement, however, does not rule out a new date for its postponed strike.
Earlier this month, the association announced a two-day strike scheduled for June 29-30 to protest hiked prices of gas and the authorities’ inaction to meet their demands.
The issues could lead to bankruptcy of wholesale gas distributors amid the absence of resolutions to the challenges facing the industry.
One of the most critical challenges the distributors condemned recently is “the enormous increases experienced by energy materials in Morocco recently, particularly diesel,” the association noted in its previous communique.
The association further argued that it is “impossible” for the distributors to continue the distribution activity amid the current circumstances.
The distributors also complained about the government’s inaction amid the current energy crisis, warning that their potential strike could be extended to more than just two days.
Like many countries, Morocco is facing an energy crisis resulting from both COVID-19 impacts and the Ukrainian-Russia conflict.
The government has been vowing to do “what it can” to resolve the challenges, including the increases in food commodities and energy prices.
Fuel prices experienced alarming increases, ranging between MAD 18 and 16, weighing down the purchasing power of citizens with low and average income.
The government recently announced that it will sign its first purchase contract for liquefied natural gas to meet energy demands, particularly electricity consumption needs.
Morocco’s electricity supply requires half a million cubic meters of natural gas per year. Meanwhile, the country’s overall storage capacity for petroleum products is 1.8 million tons, covering 57 days of national consumption, according to the most recent statistics from the government.
Lots to ponder.
The total premium for Lonny's options is about £445k (equivalent figure for Paul is £305k). Unless he has that amount of cash knocking about there's a good chance he would need to part-sell shares in the open-market (both events require RNS disclosure). To fully fund it today would entail giving up 75% of the granted shares (assuming sufficient market liquidity).
I think it more likely that options will be exercised at a much higher price, or at time of large corporate transaction, e.g. Guercif remainder sale.
I think it's always a good thing to have management aligned with shareholders through equity though.
Thank you for the reply. I realise the date and why it was set, that wasn’t my question tbh. It was if they decide to exercise them, what would the protocol be? Also, I’m sure Lonny isn’t the only one that has some options. It would show a great deal of faith wouldn’t it? Can’t see them not being exercised as I mentioned before. Why buy 50k if these were coming up. Just thought I’d look for a positive start to the week.
Trifle - Any particular reason for that date that occurs to you ? Busy period - potentially :)).
I'm pretty sure nothing will happen. The vesting date is a "from" date, all it means is that they could not have been exercised before this date (i.e. in case Lonny left for another firm before the vesting date he would lose the options).
Good morning all,
Lovely start to the day.
With the share options approaching, albeit a few more weeks yet. I was just wondering what the potential protocol would or could be. Would they announce that the options want to be exercised by the relevant parties? Would or could this be in advance of the date? Does the date come, then an rns stating the shares will be exercised in like a weeks time? I’m assuming the last but thought I would ask. Could be a good catalyst.