Member Info for BillfromBristol

Now that was actually useful. I take it all back.

Sigh. Why bother to comment if you’re going to take that attitude? Obvious reasons I suppose.

Jolly good. Would you like to share ?

@Tuffax - do you know the answer to your own question? If so please share the answer.

Also you haven’t replied to requests for clarification of your info on IPO. is there any info?

Yes maybe so. 4 years would be a long time to test a product I imagine. So probably doing it stage by stage and getting paid for certain lines as collaboration progresses. Anyway, it seems v good news.

Tuffax, do you have link to that "latest sec advisement to guident" as you call it? :)

True, but no money during the 4 year collaboration, so we have a while to wait for confirmed orders

Would love to know the story behind Turney leaving :)

Hi, they're more likely to want to sell out I suppose, but yes, maybe they'll take it private first - but may be tricky after resource made public. They might be happy just to get a good price on their 60%.

I think this is worth a top up.

GLA

Mines a pint

Ed

Yes I take your point - we will need oil for those things I accept. So I’m not suggesting a complete stop (I’m invested here remember !)

And yes of course the sun won’t shine and wind won’t blow all the time but a mix of that and geothermal tidal etc will create security of supply and avoid reliance on mad regimes. (Take your pick)

Yes I’m unsure about nuclear - mainly because how can you cost it properly given thousands of years clean up ?

So I agree we still need some oil - it just puzzles me when some suggest it as the only practical sensible or reasonable source of energy at the exclusion of all others. That really doesn’t make sense.

Btw - anybody know how EOG’s geothermal JV is progressing ? No mention for a long while.

ATB and here’s to a rising share price

:)

@ Ed

I think about it in a broader way. There are obviously transition costs. But it seems common sense really that renewables are better.

With oil and gas you go to the shop and buy and bottle or whatever then you go home and burn it and then it’s gone. So next day you go to the shop again to get another one and the shopkeeper sells you one and then he goes to the distributor and says I need another one please and the distributor goes to the refiner and says can I have another one please and the refiner goes to the oil company who go and drill another hole or ten to find some more. Etc. it’s just inefficient. And polluting of course.

Also I read that we lose 70% of the electricity we transmit, in heat presumably, so that’s even more inefficient.

With renewables, you just make a solar panel, plug it in, accept the sun’s infinite energy - and someone comes round to oil it every six months. Much more efficient especially if it’s on your own roof.

So it just seems to make common sense to me to make the transition. The return on capital of the transition cost must be enormous.

But I still want EOG shares to go up as I have a vested interest !

That’s happened twice in my Lloyds account! I took a photo to cheer me up on rainy days lol

Pedro I agree in principle but that only works if the value actually becomes 100% reflected in TEK share price which it hasn’t historically and will never be because of tax. But I am holding tek as its in my ISA and avoids direct currency risk and, as I agree with you, I am holding for the end game where TEK is sold or liquidated as it has no future projects. Maybe TEK is a target too post Guident IPO. Or maybe I’ll sell on a spike :)

But what do I know! GLA

Sorry meant that for Bluegrass, not Rick

@Rick

Similar position for me. Did a bed and ISA last week so can use my losses elsewhere and if there are gains from now (looking good so far!) they will be tax free. I hadn’t realised it qualified for an ISA previously so got lucky with timing of that revelation!

Yes that makes sense. I imagine the legal and financials are fiendishly tricky. But let’s hope we get clarity soon. GLA.

Yes I was thinking along similar lines ie that £10m for the original rump of the company is the least the big shareholders would take given their support for the company so far. But fingers crossed. I imagine there will be two classes of shares after the RTO.

My shares have gone up a 100 times on Lloyds again to 10p a share. Oh wish it was true!

Yes, double the IPO offer, but have TEK doubled holding? I haven't seen any share split/issue.