Member Info for bigsmoke

· GDC has unerringly supplied natural gas to ENEO at its Logbaba power plant since 2015 despite ENEO's poor payment record
· GDC has made repeated requests in writing and in person to the senior management of ENEO to discuss a method of settlement of its burgeoning debt, which now stands at US$16 million receivables (US$9 million net to GDC) as at the end of June
· Furthermore, the fully termed agreement and payment guarantee that were due to quickly follow the binding December 2018 term sheet have not been forthcoming
· As a result of this untenable situation, GDC served a notice of Event of Default on ENEO pursuant to the signed binding term sheet on 2 June 2020, which included a 30-day remedy period
· As we have reached the expiry of this remedy period, GDC has no alternative but to terminate the gas supply agreement with immediate effect
· The Company will now rigorously pursue this unpaid debt via the legal channels available to it, including a penalty payment of three months' fees as a result of termination as per the signed term sheet

https://polaris.brighterir.com/public/victoria_oil_gas_plc/news/rns_widget/story/w916dex

"How it might help VOG though, is perhaps punters looking for increased M&A activity now?"

punter may be looking for that - but there are easier ways for interested parties to get their hands on whatever it is people think VOG has than overpay.

tick, tock ...

lemmink - 06 Jul 2020 08:44
"Sold 20k @ circa 78p each ... holding 16k - very disappointing - I think kier is too fragile to take seriously now - the rns last week was a sugar coated turd in my opinion - positive sounding waffle with a “possible equity issue” statement somewhat jarringly shoved in there."

lemmink - 01 Jul 2020 08:55
"Sold 70k @ 85p ish ... machine took them quite easy ... potential equity issue - don’t like the sound of that!"

thought you were out on 01 July?

not sure you are allowed to do that - but thanks!

sure is Mr 88888. but looks like you have posted without a quote today. does that make you somehow less knowledgable?

your biggest fan is back

might see metro scooped up too

no need to continue pointless drivel. fact is "nothing to do with dan buy" is nonsense imo.

RRE was a rather unique one. DIV paying when all other mid caps hammered. bought and sold from £6 to £9. don't mind otheres having their payday with the shares I had. just my opinion, but you can not compare VOG to RRE.

general market is not up 6% across the board in any event.

if you want to base your views on an every changing basis then fine. it was up 10%. fact.

maybe check your eyesight. the market is not up 10% across the board.

market likes Dan's buy! kennel for doggie.

yup.
at least.

boooooom

120 ... flying

"UK banks are preparing a code of conduct for pursuing businesses that default on taxpayer-backed coronavirus loans, amid industry estimates that up to eight out of 10 borrowers could fail to repay in full. The Guardian understands that the industry lobby group UK Finance and the state-owned British Business Bank have kicked off talks with commercial lenders in an effort to set industry-wide debt collection standards well ahead of repayments falling due." - Guardian

Spazza - “BS- yes, a placing would scupper my plans. I'll be watching carefully, and hope to get out before then. 'Stay alert'... and forget the rest of the government shi te.”

I hope it works out for you. But the risk reward for tuppence given other martket opportunity is not one the currently calculates.

Naw 3cb, not enough copy and pasting. As for pb, think starvation got him he was “strapped in”
So long.

*chunk