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Are we going to be able to listen to it like the AEX AGM ???
Get rid of that fecking “Oil” word, how long will it take to change once agreed does anyone know ???
Morning steve, yes indeed Scirocco. I don't suppose the BOD have something positive and material to share post AGM, like a deal or even the Helium-1 IPO that has been promised every year since they took over?
Ruvuma, I will park till the Tanz Gov conclude their current political affairs as any FO or sale on their part would be dependent on the AEX/Zubair FO completion.
Proposed name change to Scirocco Energy plc subject to shareholder approval at the 2020 Annual General Meeting ("AGM") which is Friday the 25th September.
Morning Chris.
I hope you were just referring to the forthcoming name change.
Good Rns’s from other small oil stocks this morning.
Nothing here as usual.
cp ?
Goodbye solo oil....
Don’t worry next week will be more of the same, but don’t worry Steve there be traders ready to trade off your misfortune that is the only thing certain about this sad situation, let’s hope the tide turns soon because the stock market crashes to the ground LOL !!!
And probably will give themselves a bonus for all their hard work.
An awful week here as usual.
Suppose I should say an awful year as well.
A ***t year really excuse the language.
Just how much longer do we have to wait for that signature.
I trust the directors have had another busy week.
One of them has been busy and increased his holding in another company.
It’s a pity shareholders cannot attend this years agm.
Should announce the proposed name change. That should be followed by a round of drinks congratulating the directors for the one company changing decision in the last year.
Have a good weekend everyone.
much quicker.
Agreed Crusty, he is of course odds on favourite to win and probably worth a punt down the bookies, quicker return than here ;0)
Well CP and oldtrader, in my opinion that article seems to confirm my view that we will not hear anything on the F/O until after the election:
"....focused on the strategies for generating and supplying power in the country and that if elected for a second term, his government will complete all pending projects and generate more power"
N.B. "if elected for a second term"..... i.e. vote me in or risk not getting these things.
I sincerely hope he does win otherwise we run the risk of another 5 years of stagnation whilst the new administration follows Magafuli and his henchmen in filling their bottom drawers with brown envelopes.
Is CCM party likely to win election
For example...
Magufuli pledges to complete power projects if re-elected.
https://www.dailynews.co.tz/news/2020-09-165f623912b967d.aspx
No idea for sure oldt2, my guess is after but that's all it is, the Tanzanian Gov are just to unpredictable.
Has any views whether the farm out is signed before Election at end ofOctober I hope this is not true case
Always an option emfman, in fact you only need 10% to become a board member.
Ruvuma, waiting on the Government signature, probably post elections before any sale would be possible/profitable.
Helium-1 waiting on the board to drive the IPO - 0 delivery for years, supposed to be complete this half.
Deal, last one failed and no hint of any other deal nearing completion.
Still we will get the name change at the end of the month, so something will have been delivered lol
Something certainly has to be done.
The board are waiting solely on the Ruvuma sale.
IMO they have done nothing to enhance shareholder value since being appointed.
They have taken out millions in fees for one aborted deal in two years.
All this talk about deals being done seems a load of bull to me.
A company cannot wait indefinitely for one deal to close.
We may as well have stayed as we was with nr in charge .
We do have him to thank for our Ruvuma stake.
I cannot at this point in time have anything to thank the new board for.
This should eventually change but the treatment of shareholders has been awful imo.
We could always form a investors group, pool all our shares, wich means we will probably have more than 50%, call ourselves XYZ and associates and get a place on the board, and sort this mess out.
Giving up even looking for this now, prepared to just write this off as a lesson learnt.
I've said it before and I'll risk saying it again. Unless something radical changes in the next 12 months there is no other conclusion to come from other than this company is being legally asset stripped. It would be interesting to know who these companies are who are receiving charges and seeing if any of these can be linked back to company officialdom (no matter how tenuous the links may be). Come on BoD, prove me wrong!
else not able to get a buy quote for even 1k through HL?
Poor show indeed steve, hanging it out till the name change?
Confirmation statement a month overdue.
Companies can be struck off and directors prosecuted or maybe they cannot get someone to sort it out. Ignorance or just a simple oversight. The way things are going or not going on at this company gives me little choice in what I think.
Shareholders are being treated badly to say the least.
I can’t believe it’s nearly a year since the company transforming deal was announced subsequently aborted.
Even more unbelievable is the company changing events that have happened in the year since.
Sale of reef stake for £1 and change of name that still hasn’t happened. We mustn’t forget the million or more in fees earned in the process.
IMO the directors are too busy elsewhere. I would after all the talking and interviews we were going places. Promise of mid cap status within three years. Still seems very difficult to believe their are no deals to be had. As economies recover so will asking prices or maybe they think otherwise.