Member Info for dflynch

We will have to wait and see who grabs the licence!

Rishi Sunak threatens oil and gas giants with windfall tax on profits

Chancellor says ‘nothing is ever off the table’ in call for industry to boost Britain’s energy supply

Has he heard what HURRICANE has?

Last sentence

" Following problems with a well on Lancaster the Surrey-based firm cut estimates of the size of the field and other discoveries."

I wonder how he will get on with Lt Gen Sir Simon Mayall?

Bumble et al.

Have a look at QFI and their solution to marine fuel and cleaner emmissions. Interesting research and whilst it's been a long haul I feel successful commercialisation is very close - and you don't need new engines!

1916

You can ask your broker to obtain a Letter of Representation.

This will allow you to attend, speak and vote your shares as any other shareholder.

Quite important to do this otherwise the Custodian of the shares may choose to not vote the shares, vote the shares contrary to your wishes.

Attendance will also allow you to vote "on a show of hands" if such a vote should occur!

GD 1962

"Speaking of Cessation of Production they have now started consulting on decommissioning plans (in. Shetland Times)

If this comment refers to HURR then source and date please! Current searching to validate reveals nothing!

Like Putin?

DC

" If they cannot force early repayment then..." They can call ALL of the "remaining oustanding CBs" at any time before maturity - thus saving the interest payment!

0835hrs "One of the key attractions re HUR for me is the intentions of CA. We know they will have to exit by end of 2023 so will look to maximise value short term. "

CA RNS dated 15 Feb 2022

While it is intended that predominantly all of the Fund's investments (with the possible exception of GI Dynamics) will have been realised by 31 December 2023, in the event that this is not achieved, the Directors will consider consulting Shareholders and/or make arrangements to seek Shareholder approval on the future strategy of the Fund, including any steps that might be necessary to maximise the opportunity to realise value from the remaining assets of the Company.

Speculation: Wriggle room that allows CA to retain their investment in Hur beyond EOCY 2023.

No such thing as certainty in investing!

Discuss

From the Grudian

Environmental campaigner Greta Thunberg denounced as “******” and “colonial” the decision by the Swedish government on Tuesday to allow a British company to dig an open-cast iron ore mine on land belonging to the indigenous Sami people.

Sep 2018 to Sep 2022 is a 4 year interval

Use one of the many City of London facilities for raising capital.

The City still has a good reputation in the matter

For reasons stated previously I do not believe that CA are in a particular hurry to "liquidate their position."

The canny investor is waiting to recoup far more in the longer term than selling out early!

Difference between a rich investor and a very rich investor?

Patience

5.85 GBP average price paid

Have a read of this.

https://storage.googleapis.com/crystalamber-com.appspot.com/_downloads/Crystal_Amber_Circular_CL_final.pdf

NOTE: At 31December2023,should any of the Company’s i vestments remain unrealised, the Board will consider consulting Shareholders and/or make arrangements to seek Shareholder approval on the future strategy of the Company, including any steps that might be necessary to maximise the opportunity to realise value from the remaining assets of the Company .At 31December2023, should an y of the Company’s in vestments re main unrealised, the Board will consider consulting Shareholders and/or make arrangements to seek Shareholder approval on the future strategy of the Company, including any steps that might be necessary to maxi mise the opportunity to realise value from the remaining assets of the Company.

I speculate that CA appear to be planning a longer term relationship with HUR than the potential liquidation of the Fund might imply

Letter in today's Gruadian from Prof Sylvia Richardson - President, Royal Statistical Society

"For any real-time health surveillance system to be reliable and cost-effective, it cannot rely solely on self-reported tests.

These data sets are likely to be biased, as it is impossible to know how many people are also reporting their negative results and, if tests start to come with a cost, how many people simply aren’t testing. If we are to get reliable information about the prevalence of Covid, it is essential to maintain studies such as the ONS’s and React to allow statisticians to estimate infectiousness and the proportion of the population who are infected (including those without symptoms), as well as to identify new variants.

Abrupt disruption of a surveillance system is wasteful, will make tracking of prevalence meaningless and will put in jeopardy the future health of the public. If important surveillance studies must be scaled down, this cannot be led by arbitrary cost-cutting targets, but should be led by statisticians to ensure that studies continue to provide reliable information."

Statistics is not the answer - Deepverge has a better solution!

Winalot et al.

Holding 30% of the shares in a company does not necessarily mean that there will be a successful Takeover bid for the company. The simplest example is a bid is made in accordance with the Takeover Panel rules and this bid is rejected by the other 70% shareholding.

Yes it is possible to further acquire shares above the 30% Trigger point.

A prime example is the Aim quoted Proton Motor Power Systems plc (PPS). From their website:-

* At 4th February 2022 there were 1,547,976,568 shares in issue with a nominal value of 0.5p each, with one voting right per share.

* All securities are traded at AIM and there are no restrictions on the transfer of the company’s securities.

* There are no shares held in treasury.

* As at 4th February 2022 the following significant shareholdings of 3% or more of the ordinary share capital of the Company have been notified to the Company.

SFN CLEANTECH INVESTMENT LTD - Shareholding 1.216,600,056

Representing 78.59 % of the PPS issued shares.

I trust that this helps the discussion.

Mirasol nugatory effort as my contribution was correct.

You originally said “They currently hold 28% - they can take another 5% - after that they HAVE to make a takeover bid”
You now admit that you were incorrect about the trigger point percentage and the compulsory takeover bid. It matters not that a dispensation may or may not be given, you should have worded your contribution to truthfully reflect that!

As Cebo-456 said “… worth doing some homework on the Code rather than putting up posts that may not be factual or correct - or at least add that its your opinion or "I think" if your not sure.”

Mirasol

Incorrect - the trigger is 30% furthermore they do not HAVE to make a bid!

Tax credits are similar to Capital Gains Tax losses. They can be set against future taxes to reduce the Tax due. HMRC do not refund Tax Credits and therefore they are not a future source of income.

In simple terms, if another entity were to takeover HURR they would also acquire HURR's Tax Credits which they could set against their tax bill. It would therefore be still attractive to takeover HURR even if it were not producing any oil!