Member Info for CrustyPete

Yes BG exactly and that was the reason for the delay in the approval of the M&P offer for WEN - the original agreement supercseded the TPDC's preemption rights; it had to be renegotiated to allow TPDC to exercise those rights. Note also that their purchase was funded from income....

Absolutely RJ, anyway as haggismctripe has me filtered he will not see my responses to his queries, so maybe you can summarise them for his consumption; he may even give them some credence if they come from you! ;0)

It is not a "given" that backing in would necessitate contribution to historic costs, or indeed, if so, how far back they would go or what they would include; it would be by negotiation.

Though RJ, if we are to believe the headlines the GSA has been agreed for an eternity, we were simply kept waiting interminably for it to be approved..... I suspect that the imponderable was what event acted as the trigger for that back-in? You might argue that until such time as the Dev License was approved there was very little point of backing into anything? TPDC being a 20% shareholder in what?

Lump of cash coming in from the back-in - highly unlikely if you are to believe the BoD. Contributions to past and future costs likely to come from TPDC's share of future income streams. So cash in future but not likely in the short term.

It is often suggested that post Covid and increasingly thereafter the UK and the wider world population has struggled more and more with poor mental health. Is it real or is it just a reflection of there being more focus on people's mental wellbeing? Well it would be appear to me to be more than true, evidenced by the number of posters on this and other boards that are seriously deranged; angry, anxious, paranoid or otherwise troubled.

Yep, as I suggested - that would be a good outcome.

But with only 2 -3 trades in the last 2 hours RJ. Volume is what we need RJ, isolated trades at whatever price are of little consequence and indicative of very little. Executed more for effect or opportunism than for substance by and large.

We will need a massive increase in volumes to achieve that RJ methinks. I would like to think it possible but it is a bit of stretch... 1.15p bid close though I expect.

It might only be my perverse way of looking at things BUT, if the TPDC had ALREADY exercised their back-in rights of whatever that might be , surely to goodness that would justify an RNS - to suggest that such a move would not be price sensitive is surely ridiculous...?

Maybe in the same way that the recent "announcements" by the Govt and other bodies have evidently been indications of soon to be executed events, this might be too? Though surely this would have happened as part of the GSA or an amendment to the previous PSA?

Anyway, no point speculating and I know the BD have long been expecting the back-in rights to be executed but, yet again this seems to be another case of the "cart before the horse" or otherwise, appalling communications.

Well one factor to consider for many people is that a non-listed company cannot be held in an ISA and is difficult in a normal, vanilla SIPP wrapper accessed through a retail Investment Platform(though some will accept non-listed companies at a cost). So typically you would have to sell to cash and re-purchase outside of the ISA wrapper or transfer the asset from a simple vanilla SIPP to a more complex one , again, typically at a cost.

Amusing? Well then it evidently doesn't take much to cause you to titter Rojo! ;0)

It is pure drivel.

It s totally contrary to my instincts but I have had enough - I now have one person on my filter list. I just can't suffer this fool any longer - what a load of dross. Why, oh why does this berk bother with this drivel? It can only be in a deliberate attempt to annoy people - well no more!

Okay LOTM - apologies and understood; I conflated two separate issues, as you suggested.

And thanks for the link.

Morning CP, the Gas Service Agreement, was exactly that an agreement - it requires negotiation and, hence, signatures; I am not 100% sure that a 25 year Development License actually needs signing - it is a License and awarded by the Govt to someone that applies for it. ARA will simply be awaiting notification that it has been granted. Though, in any event, I would anticipate there being some razzamatazz around its award but then haven't we already seen that?

Excuse me LOTM I am no expert but if there is seepage of 6.7% in a particular area it would suggest to me that it is not in the area of the "gas cap" - surely the idea of a gas cap is to prevent the gas reaching the surface in the typical gas basin/trap model?

But the last trade is not normally the gauge of the closing price (Unless there is a UT trade - though quite why I am not sure?!). The rise or fall in the mid price is normally the marker.... though I am not familiar with how Google do it. But in any event the mid price closed at 1.125 yesterday and 1.20p today hence, in my book and indeed most other's benchmark 6.67%. Indeed I suspect that using Google figures there will automatically be a fall of 3% at the open....

However no matter, goodnight all.

Yes Pubecrawler, but then even a stopped clock is right twice a day - you can't even match that Lol.

Updownstream, you say "there is little point in constantly repeating the same old "news"" - yes there is, at least to haggismctripe - his own agenda.

I don't know what you were looking at Tanzania but as you can see from the above 6.76% is "the answer".

RJ, it seems that haggismctripe is talking a leaf out of Pubcrawl's book, endless repetition of yesterday's news ;0)