The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
If you say so N4a (EGM). Hopefully you now understand what a JV is.
If M.Maghri is in place quickly I do not see why James has to stay and help with the deal. The remaining board members should be able to do the deal if it's that good and if not,change the deal. James has decided to go he should not now be making decisions on our future and cannot decide to stay on as a consultant himself.Let the new board do their job and James can move on to C4.
Kirk postwise you went a bit quiet after the tea party at 7 oaks but your intuition must have been alerted when the legal person was in attendance, although I presume Marco will gain more than us peasants in the long run than us, maybe JP had a Moroccan gun to his head, all conjecture of course but waiting several more years for dividends success is not a payday today.
JP probably thinks what's the point as angry punters will just be throwing F***ks into him and ****ging off his CEO tenure in general.... can you really blame him
Pont, I dont know but I imagine Mohamed will be fronting with JP...what better platform to introduce the new CEO! Hail Caesar!
Agree crude, long term benefit of Morocco but not short term LE benefit for us, fortunately I am of a age to wait for dividends to drop in but some of our older investors are disolusioned by it all I'm afraid, I'm indifferent on JP, ran before he walked and never gave a true picture of the downside. Personally got strategy wrong, should of gone for te2 after 8 failure and got more easy reserves under our belt before perusing a high volume high risk approach which has got us in this pickle.
Davey, to quote you: "Have no illusion, this is being run for the benefit of Morocco, and what gives them the best returns not us unfortunately".
I personally am under no illusions that the Moroccans want to control their own resources. I dont know for certain if Moroccan money is involved but I suspect their influence in this deal. But as far as I am concerned that is a good thing. Who has most to gain from success in Tendrara? Morocco & all interested parties in the Tendrara project! Let's not be naive about this (not you personally)...I would bet there are bigger forces at play that will makes sure the prospective gas resourse are brought to market & delivered to Moroccan companies that need the energy. This hydrocarbon basin is far too important to fail or languish in the hands of an international major...imo.
if he is on a daily rate it wont be a living wage rate , it is still going to be substantional
We will promptly never know but the fact JP and JJ left speakers volumes, ogif and ii pulling the strings, the fact is Brian is still here at the mo says we will be exploring. I assume if someone can correct me Simon would be just on a daily rate.
crude.
It's very easy to spot. Whenever crude posts about 'possible' future upside, the post has been written by The Failure. Makes me wonder if he been a paid ramper of The Failure.? We all know he sold at 89p, to 'pay off his mortgage'. lol, But we were also told, in many posts, that he had had another 'pension' mature and was buying more at 60p, 50p 40p, and since we have not been informed that he sold these shares, he is sitting on a considerable loss. But he cannot say one, not one bad word against his 'friend' that has taken the sp to below 4p, and has effectively, jumped ship'. ( which personally I want, but immediate, not in 4 months, or whenever, time'. Cue - defenders rallying.lol
yes davey but who had the cut it was confidential on most who took it , or didn't as the case maybe , happy to be corrected on that if i missed it
Don't get your hopes up, already had a 29% cut and JJ and JP on garden leave
one small positive thought can change your day ,, ill be quite now , please lol
the MM,S are braced on there key boards to to show the board they approve same as when jp stepped down ,every penny counts !!
we all know they all read this site due to some quick responses on things people say removals etc , so come on board do something so you feel the pain of others by working a few months free showing you care
i do think the wages side of it would go down well , they took the free shares , expecting good things that did not work out so give something back
thankyou crude , just releasing some frustration
Tombi, you're hilarious...but good suggestion...can't have HQ running out of decent tea bags! What will visitors think - we are running a tin pot operation?...........coffee standards have been maintained though..................................
Mr Crudehope, you start by saying not to assume, and then assume. There is no "free carry". If the hype is believed and there will be an income from the Te5 horst of, let's guess, $20 million per year for fifteen years, then the "free carry" of $20 million exploration might end up costing $150 million. Exciting times.
i forgot to put a box of earl grey a week would be acceptable from expenses , just saying
if jp and those who are on the board who feel they have failed and not always done the best for shareholders which you would normally expect them to do ,and whom have made a very good income from us ,would like to offer of doing the future work they make for us for free till the deal is concluded im sure many would appreciate that offer to shore up the cash in the bank going forward to protect those who have lost a lot of there wealth , if the deal is as good as they profess they will be rewarded in the future , with there free shares they received for failing us , i put that to them ,lets see
Have no illusion, this is being run for the benefit of Morocco, and what gives them the best returns not us unfortunately.
because the company has been watered down so much we have a lot of shares in issue so we need as much of the company to stay in our hands as possible , not giving it away as carrots
Let’s see what the final deal is! Let’s see the share price at LE is (7p)! Let’s trust JP the deal maker! Let’s all stick our heads in the oven while we’re at it!
davey the deal should have a fast track written in it or compensation to us, not about 32% of 24% we have left , the deal is rubbish and has to be changed in a fairer manner