The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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.."Are you referring to Harry the Count of Montecito?."
Oops ! Maybe I'm getting confused with the Prince of Bel-Air.
Never mind his immigration status, the fun one must be his fiscal position : does the ex-colony recognise sovereign immunity ? Does said immunity extend to those who've voluntarily stepped aside ?
These are weighty constitutional issues that deserve our serious consideration ;-> !
My favourite story - I haven't been able to confirm, I recall it was in an old Private Eye - concerns the Qatari Royal family, heavily involved in horse-racing (amongst all their other UK investments - Harrods, the Shard, Barclays, a great swathe of London and other property etc). Some of the equestrian investments reportedly require British nationality (?).
Not a problem : several Qatari royals have British passports ' allegedly'.
Presumably 'just in case; to be sure to be sure'.
Coming vaguely back 'on topic', the Qatari Investment Authority vote was what swung things Ivan's way in its merger-that-turned-into a takeover of Xstrata and hence its involvement in Zanaga alongside ZIOC; the Qataris -along with the Polish Kulczyk family - were early backers of Lloyd Pengilly's QKR Corp, which attempted various mining projects in Africa; (Pengilly and his exJP Morgan pals were early stakeholders in ZIOC - Seritza et al , IIRC ) ; Pengilly and Kulczyk ended up in Ncondezi (NCCL), where Pengilly's son Hanno is CEO; and - completing the circle - I believe AT and Hanno used to be mates, at least back in their salad days....
6 degrees of separation, eh ?
Apols for a weekend O/T meander...
I guess Harry is allowed into the US because of the missus. AT is South African, but his wife may be American, so that could be an explanation.
From what I have read if AT is not a US Citizen, he can only enter the US if his wife has a US passport. There is no business purposes exemption at present as far as I know.
Sad really that I am speculating on where AT is, and how that might tie into Zioc. This is the longest delay to promised updates I can ever recall with Zioc, so that may explain my speculative state!
Extrader
Are you referring to Harry the Count of Montecito?
.."Having said that, I thought the USA was still barring entry to non-US citizens?.."
Let me check with my mate , Harry Windsor ;->
With UAE on the red list, alongside South Africa and even (DR) Congo, AT must be running out of places to stay.
Unless he's got a US passport, of course ?
And there may be 'business travel' exceptions....
This is the first I think I have ever heard of AT possibly being in the US. Very interesting!
If he wanted to get back from Dubai into the UK, he would have to spend 14 days in a non red list country. Unless he was prepared to work locked in a Heathrow hotel room for two weeks that is! So could that be the reason?
Having said that, I thought the USA was still barring entry to non-US citizens?
Sydney,
I wonder what he means by good traction being made? They are only supposed to be rapping up a report they have been working on for 7 months.
Thanks,
Thanks for sharing Ex. I’m sure AT is in the States. East coast.... I had a return message Monday night saying all well. Good traction being made...
Seriously tho, thanks for the info extrader.
I wonder if the Chinese work on Fridays when in Dubai.
For anyone not aware Friday in Gulf States is a business day off and businesses work every Saturday & Sunday ; so AT could engage with whoever he might need to in Dubai 6 days a week.
That’s what the Shard shares are paying for - AT’s Dubai ‘working’ holiday.
FWLIW, I phoned AT this am, to check in. Got his voicemail, just asked if all was OK ? and that folk were getting a little antsy about the missed (self-imposed) deadline. If still in Dubai, 'enjoy the weekend'.
No reply as of now.
Fingers crossed it’s something tangible when and IF an RNS is released, could have sold when it rose to 25p and made a tidy profit a few years ago, but still here lurking, the next RNS will decide If I hang around or not!
Well who would have thought this time last year we should still be sitting here waiting for the same thing?
The thing is will we all be here next year doing precisely the same thing? You have to ask yourself!
Just another 6 months to wait and the present re-costing will be out of date, so they will have to do another one.
Ha ha (nearly).
TW,
That is my point as well. You could not be that far out with the publication of something that has taken 6 months. I would think that there must be something else they are negotiating as well and something that is so sensitive, they are not breathing a word.
If they now only announce the results of the re-costing, I would say they are either taking the PXXX out of their shareholders or they simply do not give a dam about them.
The 6th April RNS states the re-costing is expected to be concluded around the middle of April. Mon is 26th April and is beyond ‘around the middle of April’. Surely when u have been working on something from 29th Sept ‘20 u know if it will take another week, 2 weeks, 3 weeks, a month to complete. If not, why release a statement indicating u know the timeframes for its completion and then make yourself look incompetent when u go beyond the stated timeframe.
"up to date costing.... " nothing more than a delay tactic imo ..... These costing should be able to be updated quite rapidly imo after all, majority of the work has already been done with the previous exercise .... plus, anyone considering ZIOP would have their own team crunching the numbers, probably at a more efficient rate than ourselves so would already know the project economics imo.
Tick Tock goes the Grandfather clock ... are we about to chime as ZIOC reaches crunch time !!
aimo & atb
With the escalating price of iron ore and the huge demand the time is right now for a deal to be done otherwise why do an up to date costing?
I'm expecting nothing more then what has already been said with things are progressing well with no idea on where they are ultimately going with it
I cannot believe there is not more going on than we know. The headline numbers required for an RNS from the recosting exercise must have been ready when AT posted the rns would around mid April. Therefore why the continued delay? This RNS alone will not make any material affect on the share so why the cautious approach?
My own business would have made this announcement on time and used the data available at that time with any necessary caveats.
I will be very disappointed if this is all they announce. Maybe just wishful thinking !