The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Yes, correct, Maisy - brain not in gear here today - apologies.
Though someone wanting the RSM holding might also want to be involved in Matanda (perhaps buying a share in VOG - similar to ECO's involvement in Canje drills?). This could cause delay on all fronts?
Believe that VIG have contractual obligations to do one at least exploration drill under the license terms - may have been postponed/delayed and SNH were happy as I remember. Matanda has low targets so should not be high cost either. If they hot gas etc who knows where it can then go - Cam has a large number of power station plans in situ, and hoping that if EU approve Nat gas as 'carbon friendly' it may help World Bank etc funding. LNG - cant see why not since CAM already exports a lot of this.
Why would they want to drill for more gas
Can't sell what they already have available
And no were near capacity of gas plant !
Only be of any sense if had some form of lrg customer's confirmed!
Thought Matanda has nothing to do with RSM, with VOG 75% and AFEX 25% holders of the Matanda rights.
Note too: All gone quiet on Matanda drilling (in fact, all gone quiet on everything!). This might lend credence to the idea that the RSM holding is up for sale as can't drill without a partner.
Hah! Chaos theory in practice. VOG are always fashionably late/delayed/overbudget...oooh hang on - not so much on the last one of late!
maisy - just an idling comment - if I say something, with my luck expect the opposite. I'm not expecting an arbi RNS anytime soon. My guess is they are in discussions that could go on for months.
HS/Masiy
Thanks for your posts , time will tell as you say this is AIM/VOG
HS - why do you think there will be Arbi news so RNS I assume tomorrow? Ta!
Agree, Maisy. Thanks for explaining the subtleties. This is AIM after all - shareholders will be the last to hear anything. Discussions remain confidential. Insiders mustn't deal on such confidential discussions, only after the results of such material discussion are publicly announced.
I would think that Arbi is done between the parties and as such they can agree to what they want. If however they were to then say buy or trade shares that would affect share price that would trigger 'insider dealing'. So if a larger entity bought out the RSM stake then I would assume that is not insider trading.With VOG assume everything and nothing!
Is correct !
HS
Yes fully understand that may be the case
But if that's the us correct then any deals would be a kind of insider trading?
As they have info the market does not!
Rec - Grynberg was a very litigious individual. After his death, the RSM board may well have decided to take a different approach. Arbitration results were expected in July/August - thus, something's up imo. I guess VOG/RSM informally know the result; formal announcement of result withheld whilst they (and other parties?) negotiate. I'm not sure how such a scenario sits as regards to informing shareholders? - Nomad given them leeway?
Happysparrow
While I can understand your reasoning
The arbitration is a corporate/company
Not individuals so can see as to why it would cause any delay ect ?
Cheers
I wonder if the Ukrainian billionaires will make an offer to the late owners family of 34% of Logbaba. I am sure they would take whatever they can. Cannot see the family holding. When this is in the hands of the Ukrainians I am sure their way of business will get things done in African. Now will the Ukrainians take us out at the same time? Then have a nice big juicy asset in West Med with their Russian compatriots. They could also invite the family of Biya in on a deal.
3cardbrag
sorry thought this was the Char board as I had two pages open.
Sold all my holdings so as to put everything in TXP this year - hence the radio silence here. May add back here at sometime
-.
RSM arbitration result seems to be postponed indefinitely? My guess is that Jack Grynberg's death has resulted in a 'stay' on the judgement whilst RSM's stake in the VOG partnership is sold, perhaps to VOG, perhaps to another party (Afentra?) with a lot of cash. A large player such as Lukoil would be really good. Thus the first thing we might hear on the arbitration is that someone has bought out the RSM holding and the matter has been settled amicably. [Having said that, expect the RSM arbitration result tomorrow!].
Hope you find this encouraging.
Good luck all.
Sushi.
11.10p | Buy: 11.45p
Is that a long term wish or did you mean to post on BEM board?
11.10p | Buy: 11.45p
6.5 pence here we come..
Yes was 40-1
That aside nice small gain's only hope can continue Monday looking like opening at in 5s .
Hopefully more gain's before positive news
And rise from higher level !
But I am a dreamer lol
Sorry me bad if its 40 -1
I thought it was 40 to 1
If those large trades keep on coming gunna smash 6.5p looks about time for a rise hopefully good news on the way looks like it's fallen a long way since the 50 -1 consolidation