Member Info for fairdealer20

extract from the CFO's report.

" The Directors closely monitor Administrative Expenses"

Mike would you like to be Graham's bag-man? Good tips!

Bruce who is a Dreamer? If I have got sarossa wrong that is my mistake. The point I was trying to make is RG has a holding, held by entities under his control, within a whisker of the required bid.
Whose a pain??

D220 I much prefer the grit, smoke and steam of Clun Castle etc. Diesel smoke does not do much for me!!
Each to his own!!

jh you are correct RG controls Blake Holding, Serendipity, Sarossa etc. It is his TOTAL control.

Pity those on another board who were adamant he was a Forced Seller over there, don't do proper research.
. Absolute tosh. These boards do have some clowns.

Have you noticed cash burn of £200+k per month.

Which is now obsolete and when in service, not the most reliable method of traction.

Do find it rather ironic to read a report emanating from GS in an industry publication which many Shareholders never view especially on Easter Monday.
The way PI's are being treated is beyond words.

Publicans and Breweries must be wondering how sales would be exploding with this brilliant Bank Holiday weather.

mike Energy Voice gives an indication of Shell's short term plans in the NS. Not clear how it effects Selene and the tie in to Bacton terminal. This a question that requires Exploration's expertise.

Ivans is Shell postponing UKNS oil projects only or Gas too?

Mike just a point as one can never know what Saudi may or not do. Remember Aramco is now an enormous player.

SK do you realy think CIR would put a proposal to shareholders if AZ have not agreed? No the BOD would be incompetent to take such a course of action.

If supermarket sales do cover the loss in volume sold through pubs, margins are going to be considerably under pressure.

Saudi Wealth Fund building holding in Shell

haven't checked elsewhere, data on LSE these passed days have been very inaccurate.

Mike in the absence of ANY information, particularly considering Q1 has gone and Shell have made considerable reductions to their Capital expenditure going forward, are PI's to understand they are not important?

This virus is having devastating consequences, do wonder if Boris is worse than we are being told?

Scooby did your friend have any other underlying condition? If not, just goes to show when your number is up that's it.
Money then means sod all.

Mike understand your fury and the AGM would be an excellent forum to raise the issues you state.

However in the absence(likelihood) of an AGM in May, GS needs to be " encouraged" to answer and in some case except the current situation with regards Shell. Shell have made it known their planned Capital expenditure Worldwide, is being reduced. I emphasise Worldwide as Shell have not so far as know, identified Jurisdictions where the axe will fall. It is reasonable to believe Oil Exploration will face the biggest reductions, whereas Gas, although consumption ( primarily industrial) has taken a hit, will be less under the cosh and domestic consumption is more stable.

Virtually every other managed business have /are taking drastic steps to reduce cash-burn, human resources have limited functions to fulfil. CLNR is no different and reading the day to day work continues is hard to believe and requires qualification.
One is bound to wonder what if anything , the Major Shareholder's, is doing? MS is well under water here.

mike it should be in May, but like every other Company under current situation, it is likely to be either postponed or an acceptance of reports and any proposals down to votes by proxy or otherwise.
I guess the BOD will be keen to avoid an open meeting where fundamental proposals and criticism of the Execs could be aired, even a confidence vote.
In such troubled times and considering previous statements regarding Shell and Q1, need to be addressed and Shareholders updated. Whatever the current situation it is not good enough for a Board any Board, assuming PI's should know because of the present Global meltdown.
Silence is just not acceptable.