Member Info for Dillad

Time the board of CNE brought us some news. The rules have been published now for tax claims. What has the board got to say on the matter? We need an Indian Update please.

https://economictimes.indiatimes.com/news/economy/policy/retrospective-tax-settlement-companies-will-have-to-indemnify-the-indian-government/articleshow/86698365.cms

So what price do we open on Monday then ? We did reach £2.10 recently I think ? This must be above that price next week ? It’s just documents to submit and withdraw legal claims and then we can move on and get the $1.07 billion refund. Happy days

Ant
Have you got a link to the article ?

Onwards and upwards as far as I can see. The money will be in the bank soon and all CNE shareholders will be rewarded soon. Better the money in the bank than drag this on for another 10 years.

When can we expect an update re the next step with India and the tax changes. They are due to announce how the settlement is going to progress? They will be keen to resolve this asap due to talks commencing about a trade deal with the UK. It beggars belief that they only intend to refund the principal amount excluding the penalties/interest and legal costs. Wouldn't inspire me as an investor to flood their country with funds if they can't honour an arbitration award that was made in court. I still believe Cairn share price will adjust accordingly, it's just a matter of patience and probably a few top ups along the way.

So cairn and air India ask the court to stay further proceedings. Refund is due imminently.

Why is this dropping, cairn have already stated their intentions with the refund . No company would put this out if they weren’t confident of getting the payment . I’ll keep topping up at these levels.

Drop?

Some stop losses being triggered there for cheap shares. Hold hold hold. I’m confident this will rise over £2.

Let’s not forget cairn as a business without the money owed!

Also latest news. https://www.ft.com/content/0f73fe20-1925-488e-bb2f-e56dd08f1653

The fact that the law has been abolished is an admission of guilt. If they don’t pay they won’t get the investment they so desperately need right now.

Why is this not bouncing near £2?

Anyone got L2 data ?

Have invested in GKP before but not this company . See they are still owed $140 million. Do we think this has reached bottom and what’s the likely timescales of the debt repayment

When is this share going to move in the right direction (upwards!).... what is holding this back?

Amazon-backed electric vehicle maker Rivian in talks with ministers over UK factory

Reading some of the pathetic posts on here.... this is an established business and wont fold as some predict. Share prices go up and down - live with it. If you aren't interested in the company go else where and moan... sit and wait or sell it's a simple as that.

Over 200p within a week is this achievable? India's position has to change as their assets could be seized to settle this dispute

Looks like this is over done. New to this company but been watching from the side. Now it looks like a punt? Is anyone in same position?