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Gus0
I am not talking about recovery of exploration costs, its the free development carry that creates the CG tax. Anyway its not possible to pay a dividend without a trading profit.
In the RKH case , Odey went to court to treat the Share Premium reserve as a distribution reserve, and that's when the FIG lawyers moved on them.
It's all out there for reading.
Gus0, if a free carry on development is achieved, it will represent a deemed capital gain in the eyes of the FIG tax office , and they will place an injuction on any BOR dividends until the capital gains tax is paid. Odey Asset Management tried that stunt through the English Court with Rockhopper and failed.
Don't expect any kind of special dividend.
Latics, never mind seeing it in black and white, this is evidence in Technicolour
https://fitv.co.fk/news-and-events/mla-barkman-discusses-sea-lion-project/
There is a clip from FITV where MLA Barkman explains why the Navitas team were in Stanley. They went to see what work needed to be done with the TDF and causeway as part of logistics planning for Sea Lion development.
According to Sam at the annual results, it's got naff all to do with Israel energy security!
"Sea Lion has the potential to play an important role not only in securing the financial future and thereby political independence of the Falklands against continued Argentine economic aggression, but also providing the UK with a secure and responsibly produced source of energy."
The Company cannot promote the execution of warrants, because that would be "investment advice", but there is nothing to stop like minded investors on a social media forum promoting the idea among their peers, so get after it and help the Company you invested in, for your own benefit and theirs.
" You got Warrants ? Exercise now, cash in for profit at leisure" is the strap line....Share as widely as you like.
This is not investment advice (LOL)
Not only was BOAGF not mentioned in the interims RNS, neither was life settlements. It's all about insurance now, since Danny Swick left, and it's hard to paint that as a growth industry. The accounts show a net asset value of around £7million which is around the market cap at the moment, so it's fairly priced by the market. That net asset value is the difference between two big numbers which each approach half a billion. A few % negative movement in liabilities could be a problem. It looks a bit that that movie "Margin Call"
No profit reported and some borrowings seem to have appeared. Cash in bank £113,281? Jeezus, even i have more than that in the bank.
Hard to see where the growth lies.
You only have warrant entitlement if you took part in the open share offer, earlier this year. If you did, they will show in your broker account, just ask your broker to exercise them for you. It will cost you 9p per share
I was recently at NHS hospital awaiting a CT scan and somehow a Jehova's Witness gained access to the prep area and told me that Earth belongs to God, and nothing that we servants of God do will change that, including climate change,or Putin's threat of nuclear annihilation , so there is nothing to fear.
I prefer the Fermi paradox, where once a civilization is capable of self destruction, it will inevitably happen. We are 99.999 % there already.
Once I am gone I will add my final 70 kg of carbon to the crematorium chimney, but I will buy a carbon offset from the undertaker, just to virtue signal my smoke.
I feel a lot better now, thanks to the Bacardi.
I recall having a phone conversation with the infamous Glen and according to my phone record it was 5th October 2020 and lasted for 30 minutes and 20 seconds. I still have his number I know where he comes from. He did explain that there was a group of folk/avatars being created to act as the catalyst for a push to remove the directors by EGM. So some of Mogger's research might hang together and some of them are still around for whatever reason, even though the "putsch" failed.