Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Discussions between Brookfield and Network remain ongoing. Therefore, in accordance with Rule 2.6(c) of the Code, the Board of Network has requested, and the Panel on Takeover and Mergers (the "Takeover Panel") has consented to, an extension to the date by which Brookfield is required to either announce a firm intention to make an offer for Network in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. Such announcement must now be made by not later than 5.00 p.m. (London time) on 1 June 2023. This revised deadline can be extended further by the Board of Network with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code.
Being reported in the daily Mail:
'Brands do not feel ITV is a safe bet at the moment.'
Phil's admission of deceit has plunged ITV into a crisis which it has never been faced with before.
'It is widely known internally that they have lost over £2million in sponsorship deals since Phil's affair became public.
'Arnold Clark, who are the main sponsors of This Morning, are also reconsidering their position.
also tonight
Eamonn Holmes delivers brutal verdict in direct message to 'toxic' Phillip Schofield
https://www.gbnews.com/celebrity/phillip-schofield-eamonn-holmes-exclusive-toxicity-message-video
See todays RNS
Extension of PUSU deadline for CVC Advisers Limited and Francisco Partners Management, L.P until 1st June.
Brookfield 's (possible 400p) deadline is currently 19th May
Oil broker PVM told Reuters that prices could rise by "as much as $3" a barrel, while the head of investment firm Pickering Energy Partners said prices could jump by $10.
https://www.bbc.co.uk/news/business-65157555
"At the election of the Main Bondholder, for so long as it owns or holds rights to acquire at least 15% of the Company's common shares, one new non-executive director shall be nominated to the Company's board of directors. The Main Bondholder intends to exercise this immediately post-closing of this Convertible Financing."
Hopefully this means that the Shareholders point of View will now have a Voice in proceedings, offering us some comfort/protection.
Bolton "1 billion pound..... its all yours BYE lol"
Much too cheap. remember the Oil Discovery is 993mBarrels worth $70Billion, 20% recoverable = $14Billion
AND
That's only part of the Land that has been evaluated, we could be worth the same again (still to be confirmed).
I would go for $2Billion +15% of Sales or £3Billion in total MINIMUM
HOUSTON, Jan 31 (Reuters) - Exxon Mobil Corp (XOM. N) posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry.
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00021327
RYDER SCOTT report starts on Page 118 (offering material - english)
In case anybody wants a read.
An updated/2nd report is being prepared.
Does it cover existing reported wells OR the remaining COPL empire in Wyoming which ART believes has 600m+ MORE Barrels
GLALTH
Could the fact that COPL perhaps moved the Goalposts with their last RNS, causing the JV party to reconsider their Risk/Reward strategy?
and under the NDA Art cannot comment yet.
My view is that news will be Next Week
GLALTH
Blackstout, Excellent read and thank you for taking the time to put your thoughts/research on to this BB.
My one question is:
What value (if any) are you suggesting for the Land/Oil/Gas NOT covered in the Discovery/Ryder Scott report, which Art hints at is quite substantial in size?
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00021327
RYDER SCOTT report starts on Page 118 (offering material - english)
Although the Canadian Market in COPL is much smaller, if there were to be large Investor Purchases are these covered by the Market moving shares from LSE to XOP Markets, thereby reducing the number of Shares MM have available here?
If so, a late trade (e.g. 20:30 Lon time) on XOP I'm guessing could only be covered Next morning when London Opens