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Rick you have quoted the words of CMA which is correct.

The only assumption I have made, as have others, this dilatory approach reflects badly on our Execs.
Carlsberg have complied and as stated earlier, what are they thinking?

Ignore the CMA's Notice of Extension, due to Marston's non-compliance to supply certain documents and information, at your peril.
Supercharger stop trying to create diversions, concentrate on what's happening now.

Jack

I do regard "some" remuneration committees with suspicion. I mentioned a case recently where a huge award was made and ultimately this and other awards will flow into the comparitors used by Committees. This is often not performance based and can look to the outside observer like a back-scratching exercise.
I am very in favour of performance related awards but not insulated awards that take little account of the risk factor shareholders in high risk sectors are prepared to take but not Execs. Many of us know there are people who have the Midas touch as there are those who can spell the touch of death. I know a few on both sides.

I am involved with some seedling companies whose Execs have precise targets which when met, will then trigger remuneration awards. Risk and reward is imo fairly shared under such a system.
When a Company is not profit making Execs need to be incentivised to a degree where basic salaries are at a lower level with the prospect of significant increments once targets are met.

AIMO

CharlieBur

So Managers are supernumarries, a resource ideal to achieve a cost saving. Could they be looking to the future , consolidation and a "Golden Goodbye"?

Barchid

I will probably get hung,drawn and quartered for saying, the lack of observance in what is a critical venture makes one wonder how Marstons is being managed.

Fiona, should have said, I too echo Barchid's gratitude.

which not only goes down badly with CMA, what are Carlsberg thinking?

CMA 18 gives a brief guidance of the process with a flow-chart.
Other CMA publications give more in depth information in respect of the process.
Even though a case has been opened it only proceeds along the timelines stated once preliminary enquiries confirm a full investigation is required.
Have tried too paste CMA18 but the system is not liking.

CMA investigations take a minimum of 3 months and depending on complexity , up 18months

Amtech absolutely agree. One wonders what the World is coming too.

Guess Trojan Horse is regarded as Racist using MB's interpretation

absolute rubbish.

It can mean enemies within and not specific to any Race. So your reference is chosen as are many, by others, to engage the Race Card for an Agenda.

It is my opinion on those who are in both camps. If the performance of Delt is so abhorent why stay here?
Fact of SP is correct. so what.
A number of RBD PI's were very against the offer which suited Major shareholders here.
The Offer is dead and that is it and no point in raking over old ground.

As asked where does Racist come into it? You need to withdraw such remarks if you cannot substantiate.

Where on earth does Racist come in to it?.
Do you know what you are talking about?
What a stupid comment

5th Columnist comes to mind!

Mike have you forgotten one of the basic principles used in these "risk based stocks"?
"Never invest more than you are prepared to lose"

Exploration,

Thanks for your input and links....hope others have considered!

Even though remuneration committees apply certain comparitors, I have been cynical, not just here but elsewhere,. The process can, and I do emphasise , can be skewed As an example another small O&G explorer who has pretentions towards production, awarded it's Execs a 64% increase in salary last year. Soon after this award a Major Oil co walked away from a JV agreement. Not sure many investors were aware for sometime of the award.

This type of investment (small O&G) is risk based unfortuenately some do not read the "Health Warning" and as we see have run out of patience. I have at times vented my concerns however am still very aware this type of investment can take a long time to come good. I have seedling investments elsewhere which require periodic funding but are unlikely to come good , if at all, for 5-7 years.
In a similar way these small O&G co's are much the same. It is all about risk and reward, and Patience which seems to be in short supply.

As for mention of getting involved with another Production Outfit, that could end up with Shell suing us for all our cash.

Shell have the expertise we do not, so any talk of going alone is a non starter.

It may hurt, but investors should remember COVID has/is having dramatic effects on virtually every business , large and small.

AIMO

Exploration
Thanks for correcting . As you say it is interesting and indeed would be odd given his background , if ML has not taken a significant interest in how the Company is being percieved.

I did say, just after GS's elevation, Accountants rarely make good communicators. IMO that belief has been confirmed here.

Ltd risk is all the Investors, can be sure if this did go wrong the Execs would move on too the next "opportunity".

When Algy Cluff stood down it was a Coronation for Swindells where imo there should have been an open selection process.

micky there is one obvious difference, UKOG, almost weekly issue further shares diluting everytime and there are clowns over there who are covinced they are sitting on the Gatwick Gusher. Is David Lenigas still involved or is puppet Sanderson running the ship.....Marie Celestre?

micky you should know from your interest in small,exploring Oilers, there is a risk reward element which investors have to accept. Look at Hurricane and the perennial UKOG , who seem to issue shares like confetti, and yet attract kamikazi investors.

As an investor in Deltic you consider the Shell JV as a negative??

another disgruntled RBD holder who wanted our cash.