Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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In the absence of certain 'old-timers', Mogger's posts are the most keenly anticipated, and certainly the most informative.
None of us can be certain of any poster's real motivees
Cubane.
Still doesn’t prove your integrity, Mugger ?
Lactic,
I am more than happy for Glen and others to decide on your integrity.
Mogger
Hi Mogger, I take it you disagree with the attempts to reduce salaries then?
Which of course is fair enough.
I see this as a better option than removing BoD members, that is a bit more difficult.
Maybe Sam would not want to work for a 100k and then resign, hopefully he would have saved a bit of his salary and his pension will be well topped up.
Then the appointment of a share holder representative to the BoD may be a bit more important and a decent advertisement in the Aberdeen press and journal for a retired Shell or BP CEO that wants a 100k a year should fill that post.
I am not sure most find it difficult to vote on the basic agm, just may not agree with the supplied options.
All the best Sft
Obviously does, Mogger. Quizzing shareholders intensely, suggesting underhand re-registration whilst declaring you have voted at the AGM. I’m happy to let Glenrothes and others decide on my integrity. Can you say the same ?
Lactic,
I'm not upset, but curious as to what a "reset date" is.
I have not given my details to Glen, but instead vote at the AGM. Unfortunately that seems too difficult for some of the holders of these 36m share pledges.
Mogger
No problem, Mogger.
Not sure why my reset date upsets you so much but I will gladly re-supply my Letter of Representation to Glenrothes.
Trust doubters like you have also done the same ?
FInvestor, if you are going to comment, make sure you understand what you're commenting about first.
“Trying to change the BOD of a company by using a faceless
BB. Give me break please, it's getting very embarrassing!!“
Garbled/Essex/Falklandinvestor… or whatever name you are using today. The aim is not to change the BOD, but to ensure some degree of financial discipline before we go bust. Investors have lost fortunes for 10+ years while Sam has been milking our company, and it is finally starting to ****s enough people off. It’s hardly a faceless BB trying to achieve this, when it requires names and holdings statements to prove we meet the minimum threshold.
I know these concerns doesn’t apply to you as you have always been privy to insider information (or at least that’s the impression you like to give) making you the only person alive besides our BOD to have made money on RKH. And your massive shareholding of Argos being a slam dunk jackpot will make you a gazillionaire as soon as they start to sell all that gas they have, so I totally understand why you don’t onboard with this. IMHO DYOR…
Dave,
Just another negative poster who just happened to open an account on the same day as all the others
I'll add you to my list
"Have a look at when these accounts were set up"
Interesting the list is similar to Glen's list that pledged support but haven't got in touch with him since.
Surely some coincidence
Taurus8 16/11/20
sh1603 16/11/20
cookieptb 16/11/20
sharemagic 16/11/20
dickherzberg 17/11/20
laticsrule 17/11/20
stevo12 17/11/20
Mr Slaphead 17/11/20
Davef24 17/11/20
"One thing for sure is the sea lion well will never be drilled now climate change has taken hold."
There's a lot of drilling for oil offshore in South America in Brazil; it's one of the hot areas for current and future exploration. Argentina issued licenses in 2019 for offshore oil development in areas adjacent to the Falklands. And the world is going to need new areas as supplies fall short. Expect an ingenious solution for the Falklands combining green hydrogen from wind, new gas fields for the energy transition and oil as a stop-gap fuel. See example from Chile:
Chile’s green lessons for emerging markets
Chile has put together one of the world’s most ambitious plans for renewable energy, hoping to capitalise on the blessings of abundant strong winds in southern Patagonia and fierce sun in the northern Atacama Desert to generate green electricity at rock-bottom prices.
https://www.ft.com/content/0c97054e-2794-44a6-bc4d-00e3fdb7d5b9
Sealion will almost certainly be drilled BUT by whom?!?
If they lose the arbitration rockhooper shares will drop to 3p, if they win they may shoot up to 40p, fingers crossed. One thing for sure is the sea lion well will never be drilled now climate change has taken hold. And if they win the arbitration the sam and his mates will nick the cash over the next 2 years just like they have done before. Im sick of more much money ive lost on this bull**** con company
Nice one thanks - as you say nothing new but probably just printed in anticipation of an outcome being known fairly soon.
Then waffles on about the ICSID and Energy Charter Treaty, nothing we don't know really
L'ISDS is a tool devised in the late 50s by German banker Hermann Abs and Hartley Shawcross, English politician and Shell consultant. The aim at the time was to protect private companies from any nationalization imposed by the many new independent states that were emerging. Today, however, arbitrations are increasingly attractive to companies that want to protect their assets from those states that are changing the rules on the use of fossil fuels. “The mechanism for Isds provides that only foreign companies, and not the local ones, they can sue the States and, above all, the extremely short period of time compared to ordinary proceedings, for such actions is not provided for the possibility of appeal, which has an outcome arising entirely from the judgment of the arbitrators, chosen by the applicant,” says the lawyer Martinez.
Rockhopper had obtained in 2014 the permission to extract gas and oil in Abruzzo, in the concession Ombrina Mare, in front of the Costa dei Trabocchi, investing 29 million dollars. Less than two years later, with the Stability Act of 2016, Parliament decided to ban any new drilling within 12 miles of the coast, and Ombrina falls precisely within this limit. From here comes the diatribe between the multinational and Rome: the tip of an iceberg, that of Arbitration between oil companies and states of half the world. A trend that is likely to increase immeasurably: "in the light of the EU's new climate package and, in general, the possible new restrictions on emissions and mining projects, there could be significant increases in the use of ISDS arbitrations," says the
Fact Antonello Martinez, president of the Italian Association of Business Lawyers.
The first millions could be disbursed in a few hours, when the arbitration award between the Italian state and Rockhopper will be filed. If the arbitrators of the ISDS (Investor - state dispute settlement) were to give reason to the British company, Italy would find itself with up to 275 million dollars less in cash. In fact, it amounts to the request made by the multinational of Salisbury, which seeks damages to the State for changing the rules on drilling.
Anyone able to read the full article?
I think it was said before that there could be 50% discount as we acquired MOG, funnily enough I used to own both NOP, MOH, and DES many years ago, but happy to be in again now for the ride. However dont forget what happened in Indonesia, I followed that well known shorter into that mining share and got stung so dont be surprised if its nil $ because of a technicality.
Thanks Targa, sounds like Italy are bracing themselves. A Monday payday would go down very nicely. Wishful thinking I know.
oops - sorry Targa - thought i was replying to earlier one
Targa: the first part reads:
Big Oil angers the States: Italy risks 275 million
The giants and the causes of those who reduce fossil fuels
Il Fatto Quotidiano31 Jul 2021 ? VIRGO
The first million could be paid out in a few hours, when the arbitration award between the Italian state and Rockhopper is filed. If the ISDS arbitrators (Inves ...
https://www.italy24news.com/local/amp/139862
No need its here in english
Anyone got an account here (and can speak Italian!)?
https://www.pressreader.com/italy/il-fatto-quotidiano/20210731/281505049258601