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Sbrace06 - loss for 2021 was £3M vs cash at £14M with WK losses narrowing and possibly turning to profit in 2022 .... if it was in their minds where the next cash injection is coming from they would have included a resolution in the AGM for permission to issue shares ....
If you read the article it says that "Shareholders [including Shell] will have one month to say whether they'll take stakes in the new company ..."
Shell have previously said they plan to sell their stake in the project and rumours are pointing to Chinese buyers.
@chriszzr
No - it's the Sakhalin II LNG Plant jointly owned by Gazprom, Shell and Japanese investor/offtakers.
The report I read said that Shell and the Japanese shareholders have a month to decide if they want to take up options to buy shares in the new company ...
Not so "difficult to know the auditor's problems" as per their statement below ...
https://www.grantthornton.co.uk/about-us/leadership-and-governance/ukraine-conflict-and-our-response/
This is probably the reason for the delay to the audit .... posted on 1st March 2022
https://www.grantthornton.global/en/press-releases/press-releases-2022/fbk-leaves-the-grant-thornton-network/
Maybe DS is just editing his profile to point to the future ? No mention of his green metals/ blockchain venture either.
Interesting that location is now stated as HK .... he was formally a UK resident according to the CH listing.
Assuming the auditors are still Grant Thornton, according to their news item below, their response to the Ukrainian conflict included the "resignation of Russian member firm (FBK)" ... perhaps this caused an audit delay ...?
https://www.grantthornton.co.uk/about-us/leadership-and-governance/ukraine-conflict-and-our-response/
Agreed SteJ - It is much more likely that there is a Good Reason why the accounts have been delayed - they will certainly be more complicated than last year with new entities and certifications to be produced for audit .... possibly also entangled with the ongoing sale negotiation ...