Member Info for CitizenTS

At risk of perpetuating this trail, maybe everyone's at least partly right! A funder's security might or would only be effective against amounts actually owed to them. Almost history be that rkh remain the name actually "on the docket" when funder pursues RoI. Rkh then still actually receives the proceeds from seizing and selling assets. How does funder then make sure its all passed on as agreed? Security presumably is only and exclusively for that.

At the same time the tax status of the proceeds from selling the award might also be receiving attention.

Guess should've said award there rather than settlement!

@SH re FIG. I'd say (well, already have on here!) that signing off on OM prob involves a good indication of tax status on the deal, a 24/5 year event. May be why it only gets done in next weeks/months.

Would frankly be ridiculous for FIG to get, or even really to ask for, a cut of a settlement that is wholly for net of tax profits taxed elsewhere (Italy). Its restitution for something FIG wouldn't get anything of.

... is selling its Argentina unit. Jolly dee

Finley, who's just appeared as latics departed, sounds like he knows all about being an unloved child.

Next off, having called all and sundry "not good looking" and so on, he'll be complaining about peeps insulting him. Done so already. Just like latics, funny that :)

My own view is the plan is and has always been that SL is financed separately. Any reliance on Shenandoah would only be one sort of notional "plan b" if SL financing were not to to be possible. On that basis no direct impact.

Thanks Mogger, what date was that release?

@ Mogger, have Navitas said/confirmed that?

LTTn presume related to buzzes comment about late decision re tax

Not seen anything on this (schedule is after 23/4 tax year for any announcement re tax/OM award). Certainly not something that will arise till after 23/24 year! I'd argue the whole award is restitution for net of tax profits. And those profits wouln't have been taxed in FI anyway. So quite wrong to for it to be further taxed.

However if FIG persist they might want to try and levy something on any amount in excess of the costs sunk into the Italy investment.

Optimistically a late announcement might suggest sense is modifying an initial FIG stance. An announcement that's much closer to some sort of go-ahead for the project, which will generate a hugely greater sort of FIG revenue, could be seen as mitigating objections to FIG not asking for a cut.

Unbelievable, James Godbold says ...

"When you say outed, Can you kindly tell me what's been outed. I've repeatedly mentioned my shareholding. All you've done is tie a name to a psudonym." What can he mean? mean? The guy's been so totally outed he may as well walk around wearing a sandwich board. So OUT he can't even spell pseudonym :)

Great summary there SH

Wrong on that one latics. Godawful/overleveraged is totally p***ing himself over the shareprice. Whenever it moves down a bit rather than up a bit he's on here prodding, desperately, for reassurance.

Actually agree with chessmaster, believe it or not, that can't see obvious need for third partner. But Navitas have said they're moving on it so there it is. For me I take what they say straightforwardly at face value, neither more nor less. It will help the financing happen presumably.

But not really interested as long as everything is as stated and so rkh don't give up anything.

Still, idle curiosity tells me that if you look further behind whoever it is when it happens you might find Stankovsky there. Just don't see otherwise why the whole caboodle would be worth it to him. Would.not be the least surprised if Chanan Wolf turn up there as well.

But, again, as long as it happens I couldn't really care.

Taken a while, but a tiny bit of nice timing for us ...

https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://oilprice.com/Latest-Energy-News/World-News/IEA-Sees-OPEC-Cuts-Pushing-Oil-Markets-Into-a-Supply-Deficit.amp.html&ved=2ahUKEwiY8LzVlPSEAxWEVEEAHdDeAXcQFnoECCIQAQ&usg=AOvVaw32shGjtHYaj1mW--XBOUPC

POO overnight Asia

Fingers crossed for financing over coming months

Tell us godawful what is your breakeven price? Wondered if might want to enlighten us as so keen to talk about your losses on here. Bound to be a thought.

Naaaa, best guess q4 '23 whereas perhaps was

possibilty of q3.

Stuff just happening pre fid instead of post fid (seems to be) would further diminish effect

Looks to me like stars aligning to remove risk of Sanction before OM monetization. With a tiniest bit of good fortune these will happen the right way round and not too far apart. :)

Looks to me like stars aligning risk of Sanction before OM monetization. With a tiniest bit of good fortune these will happen the right way round and not too far apart. :)