focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I have quickly gone through the documents that were posted and thanks to Madpunter for putting them in the archive and also starrage for the original post. That archive makes it so easy to find meaningful posts.
The way I see it is that we have defaulted to Outrider and therefore could potentially lose B12 as the notes are secured against it.
We are claiming that Hope orchestrated this default by blocking finance, which it looks as though he has done. But even if that was proven would that make the default invalid?
We are claiming $56m in damages, which in the grand scheme of things is not much if we end up losing B12.
If we have an out of court settlement, what would that likely be? That the default is removed and the debt restructured and all court cases are dropped?
Would outrider agree to this as I think it is clear they are after the asset?
I hope things go in our favour and we keep B12 but without knowing the law on any of this I am not sure I will be getting any of my investment back.
Looking forward to some updates in the near future to clear up some of this.
Please correct me if I have misunderstood anything that is going on.
Thanks and GLA
A belated HNY to you all.
Kept away over Christmas to spend time with the kids.
Do we know when in january the next court date is?
This is a bit of a mess to be honest, but hopefully we will come out the other side much better off.
GLA LTHs
Everyone! Not posted for a while, but I’m still here and not sold a share. Interesting times and not the Xmas eve I was expecting! Let’s hope this all is sorted and 2029 is the year! Merry Christmas everyone!
Yep found that now under a different tab.
Sorry for the error!
ah yes, didn't look at the date as I have a red dot under the FRR news tab, so assumed it was today as why the red dot!?
http://www.lse.co.uk/ShareNews.asp?shareprice=FRR&code=7dvwoh40&headline=Ukraine_has_125_bcm_of_gas_in_reserves_considers_LNG
It is under the FRR news on LSE
On Friday, Prime Minister Arseny Yatseniuk said liquefied natural gas (LNG) could be an additional option.
He said U.S. firm Frontera Resources Corp. planned to build an LNG terminal on the Black Sea cost which would supply gas to Ukraine. Ukraine signed a memorandum of understanding with Frontera this week during an investment summit in the United States. Frontera has said LNG could be supplied via the Black Sea from Georgia.
*acting ( not against ) !
And now also counter claimed by going to court against Mr Hope for not against in best interest of FRR for $56m
Bridget that is my understanding
Because we believe outrider issue a default notice on the notes so they become payable in full now, due to the default with YA, hence why we have the injunction.
Well that is my understanding
Mapp, of course the price can go down. If everyone holds and nobody is buying the MMs will drop it to create a market
Timster, I agree if we lose the injunction then it sounds like we would owe the $30m odd to outrider now. It also sounds like that hearing is in Dec so we would know soon enough, I’ve faith in Zaza and not selling a bean, if I lose the lot so be it, but if we are successful then the baggage is cleared and the future is extremely bright with massive upside potential. This share doesn’t come without risk (yet). All imo of course
Like someone said the other day, there is not a dull moment in this share.
Going to be an interesting December to see how this business with Outrider unfolds (let alone further updates on other news).
If we come out the other side of this then finally it could trigger the spring board to richies!
GLA
Yep and £1m worth at .58p last Oct
Emblaze the O&G industry is not like the banking industry, additionally Christmas in Georgia is not the same time as in the UK.
The golden cross is done by the daily chart not 30 minute chart
Patience is required as deals take a while to negotiate, interesting times ahead for sure and looking forward to what the next news brings
I personally believe the ‘sooner rather than later’ comment was regarding the MOU with BHGE as that was big news and came out the day after the podcast was released.
RR, chin up mate! Remember the reasons that you invested in the first place, then remember where we are now! Deals take time to complete and personally when Zaza said sooner rather than later he meant the MOU with BHGE as that came out the next day. The oil and gas are still there, the NDAs are still in place (we would need to be told otherwise), it is just a waiting game and then so much news flow to come after. How long do we need to wait? 1 day, 1 week, 1 month, 1 quarter is anyone’s guess. Time will tell, but I certainty believe my money is in a good place. All the best and good luck all!