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Neither can I. Its our joint ceo's I have an issue with
Can't see what the problem is with ditching a joint broker ??
C.O.N. ?
Not exactly the sp I was waiting for, perhaps a merger with ukog next week.
Ditching Stifel Nicolaus as joint broker lookst o me like re-arranging the deckchairs on the sinking Titanic!
C&P from next door......GLA
steelwatch9 May '24 - 11:15 - 4459 of 4460
Not a new broker. Just that they've ditched Stifel Nicolaus as joint broker.
Maybe the two 🤡 🤡 have suggested they invest the Shell cash in a new coal mine in Yorkshire? .. Not so much a coal pit, more like another money pit!
Not a good sign. The brokers until now were probably asked to do something they were not in agreement with.
Lol change of broker, I thought a change of management would have been more beneficial for shareholders! Did the two 🤡 🤡 explain to the new broker how they appear to have lost about £40 million of shareholders money down the back of the sofa? JMO Adyor
So they won't lose the actual licence, how long is that for?
They will just have to go through the process of having to apply for another drilling licence, which they bluffed last time now the other side know Rathlin does not have the funds to legally oppose them!
Fyi - the last paragraph (page 38) in Rathlin's 2022 Finals states that the nsta permission to drill expires in June 2024
The two 🤡 🤡 have gone quiet as every day that they remain they can continue to plunder the big pile of cash in the bank in fat cat salaries. Still zero returns for shareholders despite the £40 million wasted on non-core redundant assets. You could write a film about this, the Wolves of Primrose Street. JMO Adyor
We are on the Italian Job now and WN may not be considered 'priority'!
The licence will probably end up back in the hands of the government at this rate.
Normal service resumed. On the West-ern Newton front.
'Obtaining the required permits is key to unlocking the finance and putting the LOI into action with the Italian EPC.'
But will we get them, what date is the hearing?
The Italian EPC will probably use a plug and play Micro LNG plant.
The facility arrives on skids and is modular by design, meaning that manufacturing and assembly have already been completed.
As an example:
https://www.lngglobal.com/small-scale-lng
Obtaining the required permits is key to unlocking the finance and putting the LOI into action with the Italian EPC.
MP1 and MP2 are already pre drilled.
Whilst the Market remains uninterested, the building blocks are in place for the SP to ignite once the go ahead is approved.
Not for the faint hearted, so back to the circus 🤡 for some.
Jack
No need to apologise. whish I could LOL, but feel like crying with frustration.
I do think this will finally be our year though.
Get W.N drilled before year end Colle Santo progressing nicely, cash in the bank, offload Daybreak for whatever they can get even if just their annual salaries and get resurrect Parta as the gas is there.
How many years will the remaining £9.5 million Shell payments last in salaries for the two 🤡 🤡. Maybe they'll get a bonus to? 🤔
Are the two 🤡 🤡 families and co. bailing out of their own company?? Nothing would surprise me here. JMO
Someone just dumped 27,000,000 @ 0.071 it seems?
Not a bad interview I suppose. Not sure I agree with his explanation of the sp although it is partially true.
Itsawrap I should imagine he means WN but I'm not sure it'll be drilled this year anymore. Too much time has been wasted & far too much money squandered. OK mainly due to Rathlin screwing the drills up.
Even if WN is a success how saleable will the asset be in the current green climate ? Our 2 scumbags have got away with complete & utter value destruction. As Older says typical AIM. They've had their shareholders right over, they should be in court rather than paying themselves a fortune.
Simon what do you see as the catalyst(s) for "a massive turn around this year"?
My mistake. I apologise.
From their appointments to the bod in Sept 2017, the shares issued have spiralled from 1.18bn to 10.2bn.
Again, quite some feat.