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Nothing either Wob and same thoughts.
Someone is doing well out of these 10% swings...the MMs maybe??
Anybody else with Barclays?
Nothing for me either. Yes would be bl**dy amazing but we had exactly the same speculation on possible fields and the fact that surely they would be releasing something pre-AGM last time...unfortunately they just fed off the speculation. I would love it to be different this time around but who knows.....what's causing that jump to 9% btw?
It's physically painful to see those numbers being quoted in a positive context lol....oh how times have changed :(
Haven't received anything yet either Wob. Same plan although still don't see the harm in requesting some kind of link between director success and company success, regardless of whether positive news lands beforehand. Doesn't seem much appetite for it though so guess we'll just have to pin our hopes on Bill fighting our corner....up the Bill, up the Bill....that sounds a bit odd :s
Hallelujah, a bit of meat on the bones at last. At least they are finally speaking at a level of detail which provides substance to shareholders, even if it is from a subsidiary that prefers not to acknowledge our existence!
Seamonkeys, leave feedback in the bottom right...looks like they are still open to tweaking. This is a vast improvement on the initial Beta as they had removed a lot of the original functionality and added a lot more scrolling!
Odd but not necessarily surprising Wob. I think a lot have become lethargic towards this share, others have had their fingers burnt after the last mini rebellion and some are so far inside company pockets that they wouldn't dare rebel. The frustrating thing is that this isn't some kind of knee jerk reaction, it's an insistence that the company backs up the positive podcasts and flowery words with a bit of substance. The trouble is that if they aren't willing to do it voluntarily then it kind of defeats the objective of representing a strong message to shareholders. If it needs to be negotiated/imposed rather than voluntary then I suppose it might at least help focus minds a bit.....
Some helpful information in that post that I wasn't aware of, thank you. I still think this meeting could be our best opportunity to give them what they want but also ask for something in return; if we postpone then we lose that leverage. If they stand in front of those present at the meeting and refuse to make any kind of personal financial commitment, or if funds aren't immediately available then some kind of percentage salary commitment in lieu, then I suspect that tells us exactly what we need to know about their faith in the success of the company and their commitment to shareholders.
There must be some way of pushing for this and I can't see it backfiring in the way the OO idea did as it's a very clear and logical step from a company that's as confident as its directors and IR man lead us to believe....
*deja vu....sorry, mixing my French and Spanish there...doh!
Agree with most of that WW but it just feels too much like deja vous. I'm heavily invested here and some of you know to what extent, therefore it's noteworthy when even I get called a naysayer. To me that says more about the blinkered stance of those making the observation than any kind of accuracy. I desperately want these latest whispers to be true but if the same people who misled others before Christmas, in good faith or otherwise, are doing so again without close to absolute certainty then I think they'd be as well not joining the dots at all....it plays right into the company's hands.
As for the fact that the same individuals have completely ignored Wob's valid call to action on trying to incentivise the bod and make the directors' salaries and success directly linked to that of the company, tells me a lot.....
MB, there's a very good reason crucial elements may get lost on the average joe investor and that's because the company have done f*ck all to explain any of it, other than the usual vague hints here and there that the likes of sharelock and seadog hunt ferociously for then present as solid evidence in the way the company should. The problem is, last time this level of speculation took place was surrounding a certain Brazilian oil field, and we all know what came of that.
I'll be as pleased as anyone if they actually pull something off this time but it's ridiculous that we're back to the same antics as pre-Christmas and all the people who were grossly misled throughout that period. If you chaps are as close to the company as your smug hinty hinty posts suggest then I sincerely hope you're right this time given that you're up to your old tricks yet again....
Agree Wob, even if there is positive news beforehand it doesn't mean they are automatically a new company that puts shareholders first. We've seen from the timing of news before the last placing that Graham isn't above shafting us in the same way Minty used to. I genuinely support your thoughts here and am happy to input into planning or coordinating a couple of agreed caveats that can be tabled by those present, or that we can communicate via proxy vote, if that can be done?!
Ben, you seem to have written 'decorum' when you were probably trying to type 'bullish pomposity'.....I clearly spotted it before you had chance to proof read so just popping the correction in for you :) Only joking LT, love you really, or at least I will when one of your predictions comes to fruition ;) I have a sneaky suspicion it might be this time around, although won't believe it until I see it in red dots and blue numbers :)
Fair play LT.....I used to be glad of your presence here but your continued inability to recognise the impact of your posts on the decisions of others is indeed getting on my t*ts I'm afraid :( Atb
Thanks for the character reference Wob although I can only form my own judgement based on posts here and all I can see is another seadog: completely blinkered to the impact of their posts on the decisions of others....or perhaps completely aware hence the reason for posting so often. There is also that LT'esque sense of smugness that 'all will be revealed in due course', which I'm afraid gets right on my t*ts and plays right into the company's hands.
If you do work for the company, which I'm fairly certain you do (in some capacity at least), perhaps whilst taking this unerringly blinkered view of a golden future based on employee or privileged knowledge, you should take a moment to realise that people's lives are being impacted by the company's actions and conduct. Even if what you, LT, seadog et al have been prophesying for years comes to pass, there will be many who have lost personal fortunes (and possibly worse) based on your blinkered (and so far inaccurate) posts, not to mention the company's intentional carrot dangling.
This is not a game and you can harp on until you're blue in the face saying people should sell and move on if they don't believe or that people shouldn't invest based on what they read on these boards. We all know they do and that's no doubt why an astute chap such as yourself is here so often.....
Sharelock, not sure if that was tongue in cheek but you may have noticed that Petrofac have a lot more strings to their bow than our one trick pony setup. Why would they be up based on incoming G2W deals (as opposed to anything else in their vast offering) whilst we continue to fall?
Re-posting this from Wob as I really feel it's relevant, realistic and reasonable. It can't always be a one way street and they've used up a lot more than 9 lives now...it's time to impose some safety nets.
"Why dont we (try) and make them give us something in return. We are in a position to negotiate but we need to be realistic on what we hope to achieve.
Some ideas I have - not sure if these are completely unrealistic so hope for anyones opinions:
1. Deferring a percentage of the directors salaries until certain milestones are hit. As a compromise, offer a bonus system should these milestones be hit and for pay to then be back dated with interest. We need to dangle a carrot to make this realistic. Obviously we need to suggest clear and achievable milestones
2. Clear updates on the state of MFDEVCO, where we are with target fields, exact details on the work completed by Siemens and Petrofac, exactly how long we have been working together, what else needs to be completed for the next step, what is the next step, is it a HOTs or deal etc? Not asking for timelines here but a clear understanding of what the steps to completion actually are
3. The state of play with the SPV, will this be announced along side a deal, is funding in place, which consortium partners are involved, which funding lines are we considering etc etc
4. What is Grahams involvement in the business, is he running the show or is AM still pulling the strings.
5. Alison seems to be the face of MFDEVCO, what is Damiens position and responsibilities, is he required?
6. Simon - what does he do on a day to day basis bar fielding calls from unhappy holders. Where is the strategy thats been discussed for the last 20 months, whats going on with the forum etc
7. Honest update on GHS
There are many more but I'll start with these"