Member Info for EmeraldCarrots

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Erm......... 6.1% now !!

Well!! It's up 5.1% now. Something brewing maybe???

make that up 4.2%.

so no surprise the sp is on the up. Was £1.40 ish I think.
All IMHO.

Seems rather odd to me.

I think someone posted an article to say there is a meeting between Cairn and the Indian Government today? I can't see them even bothering with a meeting unless the Indian Government have something in mind for covering the $700 million interest and legal fees over and above the $1 billion COMPENSATION they seem to be offering already.
All IMHO.

£1.70. Weird!

Banburyboy.
Any settlement and I'll like the outcome as I'm in @ £1.26 ish, and quite a lot for me.
I mean if a court ordered someone to pay you £1,700 and they said I'll pay you £1,000, take it or leave it what would you do, knowing they are good for the whole amount, and you could go back to the court? If I thought they could not pay the lot I'd take the £1K and run. BUT they can pay the whole lot, and morally should. Plus if they don't pay the lot it's going to paint a very nasty picture of the way the Indian Government do business. Either way I think I'll be ok.
Maybe it will be $1 billion cash plus $700m Indian oil/gas assets assuming they have any. Maybe they will offer us a couple Airbuses! LOL!
All IMHO.

they were confident of a good outcome. Will be interesting. Maybe the sp will actually go up!

have something in mind to cover the $700m interest and legal fees racked up pursuing them through the courts for something like 10 years!! Otherwise it's going to be a very short conversation between them and Cairn if you ask me!!
All IMHO.

I would think. Gulp!

if not all of the interest and legal costs ($700m), along with the $1 billion compensation how on earth does that make India a safe place to invest???? This is the message they want to project, believe it or not! Unless the people dealing with this in India have lost touch with reality they will have to cover the additional costs somehow. This, actually is obvious.
All IMHO.

years ago from the Company as instructed. Regarding the interest and legal fees that you also instructed me to pay back and add up to more than half this amount again, I have decided not to pay this back (after all, ten years of pursuing us through the courts has made a big bill, and of course has made us offer to pay back the money!! LOL!). I want to send a massage to investors around the world about how easy and safe it is to invest in India!!!!!!! Ha Ha Ha!!! Totally crazy. So, would you be confident your investment in India is safe???? It's totally hilarious!
All IMHO.

It's obvious to me Cairn will simply carry on the legal battle. There is no way on Earth Cairn, let alone the other 16 Companies are going to agree this, what is the word....... insane offer?? It worries me that anyone, I mean anyone in the Indian Government actually thinks this "offer" is going to work. They all need their heads examined if you ask me. No wonder they are in such a financial mess. They need to get more professional help!!
All IMHO.

£2.88 0hMarko
£2.99 Sigma1
£3.04 seen_it_done_it
£3.06 Fox
£3.08 Henrythecat
£3.09 Android
£3.10 Grezzz
£3.12 Emerald
£3.17 plas
£3.22 NSS
£3.23 JSB

https://www.bbc.co.uk/news/uk-england-stoke-staffordshire-58376709

avoid paying the International Arbitration Compensation awards to Vodafone and Cairn are going to make India look like a good place for foreign investment? Is this what they think? If so quite how anyone could possibly think for even one second that the way they have behaved, and more importantly continue to behave will encourage foreign investment in India is totally ridiculous. It's as if they were encouraging foreign investment and suddenly realised there is a massive problem due to the International Arbitration rulings against them. Then somehow been convinced by others (that will make a load of legal fee profits?) that the interest and legal costs can be avoided, still making India look like a good place to invest!!!!!! It's totally laughable and extremely sad frankly.
All IMHO.

Bottom line is India want foreign investment, and a lot of it.
The 17 legal cases against them claiming the tax was illegal under international law are there for potential investors to see.
Two of the 17 have gone through International arbitration and won against India, namely Vodafone and Cairn.
These two cases are a massive problem for India as over 100 countries are signed up for the International arbitration so their courts will try to enforce any ruling, including seizing Indian assets to pay off the Compensation bills.
India are now saying they will pay the compensation bill, but won't pay the compensation for the interest and legal fees. In cairns case the bill is some $700 million and rising.
My opinion is there is no way they are going to write off $700 million. The more I think about it the more I think there is NO WAY. They have been awarded this compensation by the International Arbitration system, why should they write it off?
Maybe, just maybe IF the case Cairn have brought against Air India to seize their assets in the USA is disallowed (India have asked the court not to hear it siting some law from 1976) then maybe Cairn will acccept the $1 billion only. Maybe.
I suspect India wants to sort this mess out quickly now after dragging it out for 10 years or whatever it is. I suspect India will try to negotiate the interest and legal fees side, maybe offering oil/gas assets or cash. If I were Cairn I would not write off any more than say $100 million of the $700 million. The Indian Government could sell this saving to their public and blame the main opposition party for causing this embarrassing mess.
All IMHO.

If thet is the case then the Indian Government must have something in mind to compaensate for the $700m interest and legal fees. If not why bother having a meeting???