Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
A couple of things:
1. I expect Mark will, in short order, provide a timeline for events for the BIT claim, including how much (or when we can expect to find out how much) the claim is for. You can bet that this is currently underway.
2. Once the furore around Bhukia has subsided, Mark needs to big up Cascades. All shareholder focus (particularly among short termers) is on Bhukia at the moment, but a 20-30% free ride on a potential 5Moz deserves shouting from the rooftops.
Otherwise, I'm switching off and enjoying my day. 20+% drop for a few £k sells? Completely overdone.
Not a lot to say at the moment - next week looks promising regarding a catalyst for change at Bhukia (@Small Potatoes, please can you be on standby on Weds for the updated court order/judgement?) and hopefully news on the African prospects is also imminent.
Have a good weekend all.
I understand the frustration and impatience (I've been invested here for 3 years now), but unless there is a material change in circumstance here, there's nothing to report via RNS.
I am expecting further clarity after next week's court hearing, and nothing before.
The next court date is scheduled for 2 weeks tomorrow. From the 'one last' wording on the court order, I expect that this event will be the catalyst for movement at Bhukia one way or another. I would expect that the interim period will be spent by Panthera simultaneously trying to mediate/negotiate a JV and also working with Faskens/LCM to come up with an arbitration figure.
I suspect that the arbitration funding delays were to act as a bargaining chip over the summer for Panthera to try to resolve the deadlock and agree a JV. While that was unsuccessful, maybe Panthera hopes the arbitration figure itself will change a few minds, but I think it's very much last-ditch attempt territory.
As a result, as frustrating as it is, I don't think MB is in a position to update shareholders on any ongoing JV talks/mediation nor update us on arbitration amounts until after the next court hearing. Thankfully it's only 10 trading days away.
It also provides additional, limited opportunity to lobby both GoR and the Indian government before the final judgement. Heading into any arbitration, I think (but am no expert) it would be looked upon favourably if Panthera was going above and beyond to come to an amicable agreement before going down that route.
SmallPotatoes - thank you, this is what I've been trying to access all day. Interesting that you were able to do so by VPN and we cannot access the website by conventional means in the UK.
The one last opportunity to argue the matter means that, the judge is allowing Panthera to present its case for a final time prior to making a judgement. I'm not surprised the respondent for GoR seriously objects to this.
One way or another, this court case is coming to a head. Hopefully Panthera, Faskens and co. will know the size of their claim ahead of the next court date, and the end of September provides the fireworks we have been expecting.