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JD I have to admit I was rather shocked by the size of their victory in the requisition vete which I put down to KS & co being regarded as being untrustworthy. As for the assets & strategy we'll we have several NS licenses which I believe will be quietly dropped over time. Simwell was a joke imo, Parta I don't think will ever be drilled & Daybreak, well the less said the better. I'll give you CS although 1st gas in 2026 will probably be subject to delay. Maybe we can sell our share beforehand as by my estimation we will be running on fumes by then. That leaves WN, a project they regard as being their flagship but show no willingness to progress it. A worry in itself.
Spend £40m for a £12m return - sounds just like my investment in Reabold
Jack, sureley not even a pair of circus 🤡 🤡 could lose £40 million in a few years could they? How long will it take them to lose the remaining £9.5million? 🤔
Moniman 🤡 🤡 🤡
You only need to go back to Jan 24, where c80% of Shareholders voted to retain the existing Management to see the strategy through.
Obviously 🙄 your 10,000+ one liners, with no in depth research, offers very little to existing Shareholders.
I would suggest you are way out of your depth with no clear understanding of the existing assets or the forward strategy to create value.
Back to the Big Top for you and your fellow artists.
Only one potential upside - your dummy posts are side splitting and hilarious. Keep up the good work and watch out for the rubber mallet.
Jack
Brokers are like accountants, some are honest with integrity and some are as bent as a 'bottle of chips'. Which kind are well known in the industry.
Lol change of broker, I thought a change of management would have been more beneficial for shareholders! Did the two 🤡 🤡 explain to the new broker how they appear to have lost about £40 million of shareholders money down the back of the sofa? JMO Adyor
Neither can I. Its our joint ceo's I have an issue with
Can't see what the problem is with ditching a joint broker ??
C.O.N. ?
Not exactly the sp I was waiting for, perhaps a merger with ukog next week.
Ditching Stifel Nicolaus as joint broker lookst o me like re-arranging the deckchairs on the sinking Titanic!
C&P from next door......GLA
steelwatch9 May '24 - 11:15 - 4459 of 4460
Not a new broker. Just that they've ditched Stifel Nicolaus as joint broker.
Maybe the two 🤡 🤡 have suggested they invest the Shell cash in a new coal mine in Yorkshire? .. Not so much a coal pit, more like another money pit!
Not a good sign. The brokers until now were probably asked to do something they were not in agreement with.
Lol change of broker, I thought a change of management would have been more beneficial for shareholders! Did the two 🤡 🤡 explain to the new broker how they appear to have lost about £40 million of shareholders money down the back of the sofa? JMO Adyor
So they won't lose the actual licence, how long is that for?
They will just have to go through the process of having to apply for another drilling licence, which they bluffed last time now the other side know Rathlin does not have the funds to legally oppose them!
Fyi - the last paragraph (page 38) in Rathlin's 2022 Finals states that the nsta permission to drill expires in June 2024
The two 🤡 🤡 have gone quiet as every day that they remain they can continue to plunder the big pile of cash in the bank in fat cat salaries. Still zero returns for shareholders despite the £40 million wasted on non-core redundant assets. You could write a film about this, the Wolves of Primrose Street. JMO Adyor
We are on the Italian Job now and WN may not be considered 'priority'!
The licence will probably end up back in the hands of the government at this rate.
Normal service resumed. On the West-ern Newton front.
'Obtaining the required permits is key to unlocking the finance and putting the LOI into action with the Italian EPC.'
But will we get them, what date is the hearing?
The Italian EPC will probably use a plug and play Micro LNG plant.
The facility arrives on skids and is modular by design, meaning that manufacturing and assembly have already been completed.
As an example:
https://www.lngglobal.com/small-scale-lng
Obtaining the required permits is key to unlocking the finance and putting the LOI into action with the Italian EPC.
MP1 and MP2 are already pre drilled.
Whilst the Market remains uninterested, the building blocks are in place for the SP to ignite once the go ahead is approved.
Not for the faint hearted, so back to the circus 🤡 for some.
Jack
No need to apologise. whish I could LOL, but feel like crying with frustration.
I do think this will finally be our year though.
Get W.N drilled before year end Colle Santo progressing nicely, cash in the bank, offload Daybreak for whatever they can get even if just their annual salaries and get resurrect Parta as the gas is there.
How many years will the remaining £9.5 million Shell payments last in salaries for the two 🤡 🤡. Maybe they'll get a bonus to? 🤔
Are the two 🤡 🤡 families and co. bailing out of their own company?? Nothing would surprise me here. JMO