Member Info for Caterham7

An LOI is not a legally binding document (not in my industry anyway - oil E&P).

Yes - I agree with you. Unfortunately, to increase the share price by 10, 20...50 times as some here are talking, will require chunky investment by financial institutions. However, none of the western financial institutions, nor increasing number of Asian financial institutions, are no longer allowed to invest in such coal projects, as has happened with NCCL, despite the strong investment case. The share price will therefore be determined by beer change PI investments. As I said, interesting times.

Climate change and anti-coal sentiment is reason NCCL is valued at approx 20% of its true current value. This is even despite GE planning on installing worlds most advanced exhaust scrubbers that surpass World Bank stringent emissions criteria. Pakistan and China will get lobbied hard by the eco evangelists to halt all coal projects. Interesting times.

Many similarities here with NCCL. If the NCCL rate of progress is a realistic calibration point for ORCP investors, then you have a few years wait ahead of you. Both good projects, but very long wait is part of the investment proposition.

Seems strange that two of Colin Birds companies (GLR and BZT) have both been dormant for ages, and then both spike by similar amount on same day. Something coordinated? I have no theories. I have over 5mln shares in GLR, and am feeling comfortable with the long term / high risk potential reward.

Up 16% on HL. Hopefully that licence is about to drop.

I suspect (but may be wrong) that the Nomad doesn't work weekends. Therefore if Harry wasn't able to get draft RNS to Nomad Friday afternoon, then Nomad will have to review and approve RNS on Monday. Therefore the RNS we are waiting for may come later during the day on Monday, or even Tuesday. Either way, Im heavily invested here and feeling confident. If SP dips because impatient sellers running scared when no RNS at 7.00 tomorrow, I will be shopping for more. GLA.

The Woodford deadline has been extended to 30th January, but shouldn't stop you having a few Friday beers!

If I was CEO of XSG, I wouldn't release an RNS regards Ramsons, until after release of TR1 showing that Woodford shares are cleared. Otherwise the market response to excellent news would be very muted. Same principal applies to TRX.

Beardozer - I share your thoughts, and am currently assisting a FTSE listed oil company with its Climate Transition strategy. You might get some hydrogen ideas from reading the Fact Sheets of renewable energy unit trusts such as VT Gravis Clean Energy Income. There are a handful of other renewable energy funds out there - most dabble a bit in hydrogen companies. I have a large ZIOC holding in my ISA, and feel positive that it will come good over 1-2 years.

Why didn’t the new PR company release this positive RNS in New Year when everyone back at work?

Suspect we will get another Scott Fletcher TR1 by year end.

I purchased £7190 of GLR shares at lunchtime today via HL, but only showing on NEX.

'this' not 'rigs'

Both £10.5k buys rigs morning were mine. Might top up if forward news is encouraging.

The 936,343 deal ay 8.10 this morning is a buy, not a sell.

Contractors in the know are prepared to take £1.25mln in shares in lieu of back costs. I wouldn’t do that if I thought the project didn’t have good future prospects. KEFI is looking good to me and expecting significant SP uplift over next 12-18 months.

I’ve got approx 8.5mln RLD shares, and similar investment in suspended BOU shares. An important learning from BOU investment, is that during the RTO process, the shares will be suspended potentially for up to six months. That is up to six month period during which your shares are untouchable, ie, can’t sell or buy. There hasn’t been much discussion around this suspension period on this RLD board. So as Suhail says, the potential gains can be life changing, but be prepared for the lock-in suspension.

Same for all my other shares. As a rule, I find the LSE trades so unreliable, I instead prefer to check them on HL which also has benefit of being real time with no delay.

That info isn’t stated on the GLR website. I suspect you would have to ask the company directly to provide that detail.