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Can Leo Koot be totally trusted if he is ditching the Q2 update? Do you think he would ditch an update that contained good news?
In my opinion i think we might get the q2 update tomorrow. Friday tends to be the fay for bad news.aimo
Why don't you look into his eyes Ross.........?
and then tell us........... :)
All the best (like you did before :()
MrMagoo31
Again with the insults, but you did at least raise the issue of tax. So what about the punishing SPT regime - does it apply to the SWP?
In time Ross, you'll have to read up about the tax regime in a SA country.............!
but I guess you'll be staring into our "Koots" eyes at that point, and claiming you've finally bought in .............!
All the best (tis a giggle isn't it, it is :)
MrMagoo31
Really? The SPT regime does not apply to the SWP? Are you sure?
MrMagoo31
I did, a long time ago. You clearly haven’t done yours.
Cost recovery levels will be another to look out for ?? ??
Witch is why you constantly refer to our "Koot" as Riston............!
he isn't BTW, and you adore his eyes...........!
All the best (Your clearly missing NR :)
MrMagoo31
How old are you?
Why not just admit that you were wrong and that the SPT regime does apply to the SWP. You have over £100K invested here - you should be right on top of stuff like this.
Bit personal that question Ross..........!
perhaps MrMagoo should provide you with a media vid for you not to watch...........!
All the best (stay cool MrMagoo :)
FYI...
0:30:15 of AGM media..... “SWP. Potential economics including indicative economics SPT doesn’t kick in for a while because of CAPEX program, using and utilising CAPEX, In that kind of environment you invest here vs there”
1:03:05...”we won’t be hit with SPT because of your capital program, historical tax losses and what the company’s spent..very healthy CAPEX program ... 100million”
;-)
HH
Of course CAPEX can be used to mitigate SPT, the point is that MrMagoo31 was contending that the SPT regime did not even apply in the first place.
But if you are quoting Leo Koot correctly it was pretty misleading of him to suggest that anything other than CAPEX can be used to mitigate SPT. Historical tax losses certainly can’t. Leo Koot really is more of a salesman than an oilman.
CFO Gordon Stein..
Wow! You would think that he would understand the difference between what mitigates PPT and what mitigates SPT!
ROSS..
As is the case with most written words the context gets lost.. hearing it on media gives an indication of company wide benefits from such items not just limited to STP
https://columbus-erp.com/news/videos/
HH
No, if you are quoting him correctly, he got it wrong. End of.
Ross,
I’m no journalist so media transcription is not my forte.. ;-)
Pause and type, repeat! (I may have missed some wording)
(Not apologising )
Ohhh.. CAPEX offsets SPT and 0% on Royalty rates! :D
“Rental: US$70,000 per annum (escalated up, or down, depending on the prevailing WTI oil price)
· Royalty: Half-yearly stepped payments of up to 12.5% are payable on gross production, capped at US$2m/annum (with no royalty payments due for first two years of production, 10% payable for years 3-8 and 12.5% from year 9 onwards)
· Drilling Bonuses: TT$100,000 (circa US$15,000) upon the spud of each of the first three (3) deep wells.“
‘Rental: US$70,000 per annum (escalated up, or down, depending on the prevailing WTI oil price)
· Royalty: Half-yearly stepped payments of up to 12.5% are payable on gross production, capped at US$2m/annum (with no royalty payments due for first two years of production, 10% payable for years 3-8 and 12.5% from year 9 onwards)‘
MrMagoo31
No, you said that the SPT regime does not apply to the SWP. You were wrong. Own it and move on.
Your paramount concern should be the continuing absence of the Q2 update and what this may be telling us about the CERP BoD’s approach to information management.
MrMagoo31
It is possible that your posts do more to scare of potential newbies than my sceptical musings ever could. At this rate you may even make some of the LTHs have second thoughts. Keep up the good work!
So Ross, you’ve admitted to being here only to scare off newbies... you little **** you ! If I ever see you !! I’m gonna open a can of whoopass on ya .. lol
faz7475
Not only to scare of newbies but hopefully to dislodge o few LTHs as well. Something is not right here. I know that I bang on about the continuing absence of a Q2 update, but if it is true that Leo Koot has decided to ditch this, that has to be a major red flag. Why? Because folk were asking Leo Koot for more RNSs, not fewer, certainly not to ditch the core quarterly updates. This move just looks disingenuous and opportunistic to me - we know that Leo Koot’s performance in terms of production and keeping the business adequately funded has been pretty appalling, and now he seems to be telling folk that he will be keeping these failures under wraps! And they just take it! There is still money to made here by nimble traders surfing the waves of sentiment but this does not look remotely investable.
IS IT NOT TIME WE JUST IGNORED THIS INGRATE PIECE OF DETRITUS. I filtered him years ago so the only comments I see are the ones answering him from you guys,on which he thrives.
No need to get sucked in by his ravings just the odd comment to advise and warn the newbies what he his like
countdemonet
Or you could try to come up with valid counter-arguments instead of insults. Those backing the bull case here maybe need to show newbies that they have more in their lockers than just name calling.