Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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Redceo you posted earlier "worse case scenario (which is awful) is that many hard working posties lose their jobs, the company is broken up, the shareholders get paid out".
But surely if RM became unviable that wouldn't be the case as the shares would be worthless and the shareholders would have nothing? The government would then have the responsibility of taking back control.
On the 31st of March 2014 the National Audit Office issued a report to the House of Commons regarding the Privatisation of Royal Mail. It is available to download from nap.org.uk.
On page 7 it states
"Privatisation has reduced taxpayer risk to support the universal postal service, but the government retains the ultimate responsibility. The government is responsible for ensuring continuation of the universal postal service. The UK population enjoys a more extensive universal postal service than is required under European
Union law, including Saturday collection and delivery. Royal Mail has responsibility for
delivering the universal service and is the only company with a national network and scale to provide this. Private capital has created an equity buffer to protect the taxpayer, and Ofcom could intervene if it assessed that the universal service was under threat or the company fails to meet service standards. A special administration regime would be triggered if Royal Mail should collapse, although the government has not quantified the
financial implications for the taxpayer if this occurred (paragraphs 1.2 to 1.3, and 2.22)"
Hello Isle. It's been a while since we chatted. I agree Rico will have set his stall fully aware of the CWU position and probable outcome.
I would imagine he has a plan of action which is unlikely to sit well with the CWU.
He was also fully aware of the situation that Moya faced and her solution. Obviously he felt she could have handled it better and intends to show how.
"How much lower could your average be if you had listened to some on here?"
Actually although the shares are obviously worth less at today's date. My volume is greater and average very healthy. Therefore as my intention is long term it could be argued that I am better off not listening. Worse case scenario (which is awful) is that many hard working posties lose their jobs, the Company is broken up, the shareholders get paid out.
Believe me I would prefer genuine open minded discussions. Resulting in a stronger RMG.
@ Redceo.
The CWU mouthpieces will be balloting for and voting yes to IA, IMO.
Mr Back will clearly allow this to go ahead if that derisory pay offer is anything to go by. He will have to come up with something better than that.
In the meantime, your investment and mine (now holding 236 shares) is going down the pan.
How much lower could your average be if you had listened to some on here?
Seems to me Rico knows exactly what he needs to do going forward. He will sort the current situation out no matter what the CWU mouthpieces say after they have downed a few pints.
It's quite laughable to read from various individuals here. STD saying he's a postie in order to gain some status :-).
Not long ago he was working in the Amazon warehouse. Personally I would need to see his RMG wage slip before believing he is gainfully employed there. Perhaps DerekR could get the STD profile revealed.
With pleasure, don't suppose you have much to laugh about STD.... ouch.
Laugh that one off, laughing boy.