Member Info for Drewky

I wouldn't disagree with that at all but I believe they brought in a company solicitor with that knowledge and experience so they actually did as you wished. Imo they were a bit late off the mark on that one but it was done non the less.

That is the dispute.

You think they are numpties and constantly describe them as such when you don't have the facts in front of you about exactly what they are having to deal with. The part I have always objected to is that you write it as fact

Of course you may be right but if I, just a layman, knew what was required months prior to the application being made just from reading a standard PSA agreement then the management would have known and understood it far more than you or I could do.

You have agreed it is a highly complex matter (A tad more than erecting a garage in the garden that's for sure) so we should leave it at that and just let them see it through. The proof will be in the pudding when it comes and if it comes as I expect and you are in fact invested as you say, then I guess you will get greedy like most and stick around much longer than you currently tell us all.

Full benefit here imo is the long term project but as always it depends what the individual sees as a reasonable return. If getting your money back is all you seek then good luck to you, I don't feel you will have a problem there.

Well there's a first dunder, you finally see the nature of the points I've been making for over a year :0))

A licence of this nature is not a trivial matter and you can't as you have done all year continually blame management for its lack of appearance.

As you now admit it is process of " to'ing and fro'ing making sure both parties perfectly aligned. "

Until this and other processes have taken place the management are unable to reveal anything and that goes for literally anything where the government has a say in events including Kiliwani.

Sighs

That was all information that was required to be in the Dev licence application and I don't doubt (governements being government) they would ask for more and keep demanding amendments.

If you want something done never give it to a committee. To many people want their own piece of glory.

Agree Pete better off not guessing.

That Camarco response is interesting though. None committal but leaves room for it to still happen.

Are Camarco involved in making the meeting arrangements for the company?

Speculation of course BG but in what context do you now see it?

Bear in mind once an RNS is released we are assuming it will signify the licence has been granted

+5.17% at time of posting

https://uk.investing.com/commodities/natural-gas

Perfect timing to hit our own domestic bills once more :-(

I'm not so sure about that Pete you may be right! It's not exactly specific but a couple of days either way won't matter much :0))

Off Topic

I think Scotland's best days ended with the likes of Archie Gemmill and as England have been badly affected by the mass import of foreign players over the years and I think that affect from what little I see of Scottish football may have had an even bigger impact.

We used to have some cracking Scottish players in the English league but off the top of my head I can't think of a top player in the premier league

Like you say Pete after 4.30 or in my case with H/L sometime never. I had to ring in to get an invite. I received no notification at all.

So to me No RNS by Thursday 4.30 will be the November burial time ;0))

Yeah but in Scotland's case Tarry, you know for certain it's not going to happen ;0))

I'll answer that one cp, yes I don't think they should give an expected date and especially reiterate it three times if they are not certain. Even though the word used is "expected", by reiterating a date it becomes an absolute to which people make judgement.

I think guidance given is just a clear signal for the traders and shorters to go and play for a while. For me personally I don't want that, it has been painful watching our sp slip while the games are played.

In saying that what would happen if there was no guidance given? Would it really be any different? Not sure to be honest

You had it right Pete but as I explained and I worked from the samples on the link the post and emails have to go out today and web publication Thursday.

From the examples those are the latest dates to comply. Its possible post was sent yesterday of course but then someone would have received an email by now if they actually use that as a system.

I say that because I don't recall receiving either for the AGM. RNS and website was my notification.

Do you know if they are obliged to send out by mail and email? Would that be in the hands of the brokers? I ask because holders are changing on a minute by minute basis.

I had relied on what you had said previously about it and had thought absolute latest was tomorrow and due to what I have found below, I was wrong and my assumption of Wednesday turns out to be in between the reality of two possible dates if I now understand it correcty...

The clear day rule applies to letters of notice through the postal mail or by electronic means (email) - These notifications must go out today to comply with a meeting held Friday 30th November which allows for a 48hr delivery being Thursday 15th

Website notification would be this Thursday 15th to comply with Friday 30th November meeting. As an RNS is put out through website media, I am assuming Thursday 15th is again the latest date for this.

https://www.charlesrussellspeechlys.com/en/news-and-insights/insights/corporate/2018/deemed-delivery-of-notice/

What does clear days’ notice mean?
Under section 360 of the Act, any references to days within the sections which set the minimum notice periods for general meetings are to “clear” days. What this means is that when calculating the specified notice period, the day of the GM (or AGM) and the day that the notice is given are excluded. Furthermore, when determining the date on which notice is given, we need to bear in mind the statutory deemed delivery provision (see below). For private companies (this does not include traded companies), unless the Articles require a longer period, the minimum notice period for a GM (including an AGM), other than an adjourned meeting, is 14 clear days (section 307(1) and (3) of the Act).
For public companies, unless the Articles require a longer period, the minimum notice periods are:
for an AGM, other than an adjourned meeting, 21 clear days (section 307(2) of the Act); and
for a GM, other than an AGM or an adjourned meeting, 14 clear days (section 307(2)(b) of the Act).
Deemed Delivery
Under section 1147 of the Act, the rules on the deemed delivery of documents and information sent by a company to its shareholders are as follows:
by post: on the basis that it has been properly addressed, prepaid and posted to an address in the United Kingdom, deemed delivery is 48 hours after it was posted (s1147(2) of the Act);
by electronic means: on the basis that it has been properly addressed, deemed delivery is 48 hours after it was sent (s1147(3) of the Act); and
website: deemed delivery is when the material was first made available on the website or, if later, actual or deemed receipt of notice (sent by post or electronic means) of the fact that the material is on the website (s1147(4) of the Act).
Section 1147(5) of the Act clarifies that we should not take in account any part of a day that is not a working day. Accordingly, if, for example, a notice was posted on a Friday, deemed delivery would be the following Tuesday.
Of course, all of the above is on the basis that the Articles do not have any contrary provisions (section 1147 (6) of the Act).

Inc Examples

Excuse me Pete but I posted what was there I know you had mentioned it but I haven't seen it. Hence my reference to both 16 and 14 days and the final comment "Whichever, the wait continues" Might I suggest there is no need for fly picking

Yawn!!!

Notice of general meetings (sec307 - sec310) The minimum full period of notice for all meetings is 14 days, even if a special resolution is to be proposed, except for the AGM of a PLC, which is 21 days. The company's articles may require a longer period. Note that the 'clear day rule' is found in sec360. A meeting can, however, be held on short notice, if so agreed by a majority of the members who hold at least 90% of the voting rights in a private company (or 95% in a PLC). The articles of a private company may specify any percentage between 90% and 95%. Notice must be sent to every member, every director and anyone notified to the company as being entitled to a share on the death or bankruptcy of a member (subject to the articles). https://www.companylawclub.co.uk/calling-general-meetings This makes no mention of postage time re 16 days or tomorrow just the 14 days is Friday Whichever, the wait continues

Before anyone says it, neither has the bloke with the biscuits

Question for you all.. Who was the geologist at the time? Neil Ritson is given much credit for the decision that resulted in our successful find in Ruvuma. Perhaps he was also responsible for decisions and advising in Kilwani? If so I can only say he chose the right one to get right and I'm thankful for that. Noticible however that the knives are being sharpened here. Don't celebrate too loudly guys the fat lady hasn't appeared yet

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