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I'm hoping we can fair value the jv investment, currently held at cost. It's been hinted at. Surely if the auditors increase our nav the sp would have to follow at some point. Although thinking on it this is more likely to appear in the 1/2 year 18 accounts because the legal situation was resolved in Jan and much if not all recent progress has been this year. Last year was dead. So it may be another 3m wait till we get more meaningful information (June 18 accounts). I doubt the p&l will reach breakeven. I was optimistic on flow rates and income last year, at one point sure we were in profit, but subsequent rns have proved more down to earth. This year feels promising, high oil prices and decent amounts being sold. We'll get the turin update around the same time as the interims. September could be an interesting time.

Ta Jim

A little bit of information has proved dangerous for some here. Chill out. There is no delay. Accounts are being published on a different date to last year. As Denmark says, we've been told why they will be published in June.

Well. I wonder if we're going to get a nav upgrade in the accounts. Not long now.

Jim. What we're your production estimates prior to this rns? Cheers

And stefan takes us by surprise. Wow

Sycric. I don't know how I can be more clear. They are not late. Under aim regulation the annual accounts must be published within six months of year end. End of june 2018. The company really should not have wasted money releasing that rns. Particularly because it's confused the very people it intended to appease.

This is a significant post balance sheet event that will need to be noted as a post balance she sheet event because it occurred before the accounts for 2017 were sigbed. It won't firm part of the 2017 financials as such... You really haven't been kept in the dark here. They could quite legitimately keep quiet about this and publish the results on the last day of june without infringing your rights.

There has been no extension. The accounts are not late. What they did is manage the expectation of pis who will see that last year the accounts were published in may and that, along with lack of knowledge about how these things work will undoubtedly fill their heads with anxiety that they were not published in the same timescale this year. No extension. They're not late. They are helping to reduce anxiety for the poor pi. Pathetic really.

End of june 18!!!!

Lol. Hopeso. Every other share I've touched has gone to ****. Could this be the one!

Probably can Applegarth. I suspect they would need to justify it to the shareholders and inform us they intend to be late (that last but for sure) . From what I have read it the rns, they are managing our expectations on the timing, they haven't disclosed to us that the accounts will be delivered late (after June 18) so I don't expect them late.This is really an aim requirement. You would get an extra couple of months otherwise.

Due by end of the month. I wouldn't sweat too much over the delay. Oftentimes I see accounts delayed when there has been a complex acquisition or disposal. Usually an accounting principal is being debated and how to apply. I did see a comment that this should have been passed by the auditors already. Well, they are the backend of the process of preparing accounts. It's not usual for a company to take advice of the auditors on a transaction, they would effectively be marking their own homework. If the delay was due to impropriety we would have been informed at the time.

It won't feature in the accounts as such. They are a snapshot of the year. However if it occurs before the accounts are signed it will have likely be noted in what they call post balance sheet events.

I hope it's a certainty volley. But must admit it has been at the back of my mind for a week or two now.

The alternative is an active stefan. Eeek

You would think they had a little more patience

What a load of crap apple and Matt. The numbers for the accounts are set in stone. There is no looking back and upgrading revenues for the year. They are what they are.

Did someone just lose 550 quid buying and selling immediately

August 17 rns refers to updating the valuation.... Although there is already a significant disconnected between auditors nav and our mcap