Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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The company is debt free and has low overheads (now) and so you would have thought it could stick around for a while longer. Agreed it needs a plan and direction, but timing wise things are not critical imo. The assets remain the same and lets not kid ourselves, Peter Hill et al did next to nothing for a long time and the company survived. It seems like Ceclilia will be more proactive and has links in the Fintech space etc and so we could see GBP head in a new direction, but equally things could end up going to pot. Time will tell.
The legacy prospects of Namibia and Italy are millions of dollars and years away. The data room for Namibia has been open 3 years or so with practically zero interest and we all know anything Italian takes decades to evolve. Time and money this company no longer has.
Cecilia Yu is experienced mainly in the credit markets, which is worrying from a CLN perspective.
It's clear that Dan was peddling and empty pan and left when they found out the cupboard was bare. Personally, unless this becomes some form a shell and goes down the route of an RTO then things are likely to deteriorate rapidly in the coming weeks.
I think Dan's decision to go has the few remaining board members flapping and putting out RNSs to stem the outflow of investors but the reality is nothing is going to happen quickly enough to save GBP , Unless they announce something within a week or two.
Blocked from adding on ( D ) as on 21/11/2022 below.
It was a mistake then maybe doing me a favor .
Was tempted at the 30/11/23 placing price of 0.06p if hit.
Down 35% to 0.07p with over 7% spread today .
On this news .
(Alliance News) - Global Petroleum Ltd on Monday announced that Executive Chair Daniel Page has abruptly left after just over three months in the role.
Shares in the company plummeted 27% to 0.080 pence late on Monday morning in London.
The Africa and Mediterranean focused oil and gas explorer said Page tendered his resignation earlier on Monday with immediate effect.
Global Petroleum appointed Page to the executive chair role on November 27, while also naming Cecilia Yu as an executive director and Azib Khan as a non-executive.
Previous Non-Executive Chair John van der Welle resigned at the same time, alongside Chief Executive Officer Peter Hill and Independent Non-Executive Director Garrick Higgins, after 5.0% shareholder Omar Ahmad proposed their removal.
"The company thanks Mr Page for his service since joining the board in late November 2023 and wishes him every success in his future endeavours," Global Petroleum commented.
It said it will provide further updates in due course.
Cue…..Chinese bid for the whole company…..😏
Ouch
Do we think the Cynergy partnership will remain or wss that Dan’s baby and so will now be ditched?
Look at the posts by the company and quotes from cecilia Yu
Cecilia Yu:
"We thank Mr Page & wish him the best for his future.
Our strategy remains committed to delivering significant SH value, growth & stability.
We are currently assessing exciting opportunities for #GBP & look forward to updating SHs in due course"
Cecilia Yu:
"Please note to all shareholders, we are well capitalised and have a bright and long future ahead.
We thank long term shareholders for their on going support"
Fully capitalised
lots of opportunities
want to maximise shareholder value
long future ahead
at 1m market cap value this is bargain territory here - should be significantly higher here.
cecilia has built out a billion dollar hedge fund and has vast experience building out companies. imo shes the brains of the operation and now has abilty to shape the GBP in her own way which i feel will be massive from here
As I said before, this company need fresh cash and fresh shareholders. The existing shareholders will have dilution.
Now it proved to be in need for a new director as well. Tough decisions ahead.
Everyone was happy when he came now the happiness is finished
Mr Daniel Page It’s been as the chairman for less than six months😱
Well Mr. RP 2020 you can add some more
One thing for sure he knows that there is no future in this company
Mr Daniel Page has today tendered his resignation as a Director of the Company with immediate effect.
Added more as position start building up...lots of interest from big player
https://www.ft.com/content/2fa2a737-b079-4f1b-911b-28eb57d86133
I don’t think chevron give away low cost high revenue projects on the cheap. Cynergy has been around 11 years and still has no assets and GBP has no cash. All seems implausible to me.. still we do know that the need to raise ££ and soon.
Wow this is big news
Cynergy are looking acquiring assets from chevron in the east med and this of course would be worth in the billions
Chevron are like the top tier one can get to and what’s pertinent is that Daniel said in his energy voice interview that cynergy need him and Cecilia for their execution power and skill set
So like I saw on Twitter - connecting the dots means that we will work with cynergy to execute these deals using Cecilia and Daniel’s skills and take a cut which means it’s very low cost and high revenue opportunities here
Big big news
https://www.energyintel.com/0000018d-d64c-d813-a5df-d64d81c00000
Is there any small company having license in orange basin
Here are the facts from the interview: new company for new shareholders. the existing shareholder will get th delution.
However, executing this restructuring plan may require the support of shareholders. While it presents an avenue for value recovery, it may necessitate a capital injection, potentially through a discounted offering. Such a move could lead to dilution for existing shareholders but would empower the new board to implement its strategy effectively. The willingness of shareholders to back this initiative will be crucial in determining the success of Global Petroleum's transformation.
Where are the getting the money from to buy a producing asset? And who is going to pay for the technical review work. They have no capital. Pie and Sky.
Https://sway.cloud.microsoft/JZef3qXQssFrsbnj?ref=Link&loc=play interesting one to read on all things Global post ProActive interview
Very good and well delivered interview. Lots to look forward to. Ceo didn't take a wage for 3 to 4months. Great to align with us shareholders
They are serious about this project to succeed. Looks like they want to bring in a producing asset very soon in the middle East via cynergy. Any news on that and we will multibag.
Proactive interview coming out today per the company’s official Twitter
Going to be good one esp after the last article was v v well received
Company will need to raise $$ to secure Namibia acreage
And despite the noise has no acreage in the Med.
Big dilution coming
I’ve read the latest article with the new BoD involved and I’m quite optimistic to see where this can go, it’s definitely worth giving them a chance. They sound very positive compared to old BoD