Member Info for fairdealer20

Unless he ( Algy) has done a private deal with his friend, Michael Spencer, he still holds stock here. Algy did a private deal with MS just before he retired. He exercised options which he immediately sold to MS

It may be simple as was my question. Do you beleive Carlsberg have included their established Brands in the JV agreement?.

I have the agreement ( a lengthy document) and will peruse over the weekend, given time.

DP, I hope I am proved wrong as invested here more than 5 years ago and only kept the faith when Shell appeared .

I believe History repeats itself and Leopards do not change their spots.

Many AIM Oilers are rarely for long term Investors but good good for Traders. Have seen it time and time again.

So Tuborg, Carlsberg Special and Carlsberg's range of Lagers are all shared profits wise with Marstons?

A question which as far s I know never been answered. In the JV do Marstons share in the revenues generated by Carlsberg's Brands brewed in the same brewery, or do we just have to retail Carlsberg's Brands without any share of brewing profits for their brands?

I suspect Marstons get nothing except the margin made on selling Carlsberg through it Pubs, but could be wrong.

DP some of us have tried to warn what tends to happen here. The CEO and major holders have close contact.

I'll not repeat my experiences of fund raises here, except to say the current territory is all too familiar.

Work it out for yourselves

Rot I was thinking of Equinor who are developing a Hydrogen site at Saltend on the Humber

DP your synopsis is nearer the truth than many realise.

As a gas field in the southern north sea, a much easier environment than most NS Fields. Infrastructer adjacent Bacton terminal running at less than total capacity. The construction of a Hydrogen plant at Humberside. NS gas is known as a feeder stock for the production of Hydrogen. Hydrogen is a Green energy source.

Something smells!!!

Contract Law can be very complex. For instance if a JV partner is required to provide funding of X by X date, and breaches the agreement, there could be forfeiture clauses which hands an asset to the JV partner.

It seems strange here, the drill of Pensacola is programmed to start in Q4, which could be 6 months away. The recent statement does seem premature.

Questions and doubts grow by the day. The invisible VAT, has it been repayed? If not why the ludicrous delay? There could be many reasons which Shishir knows. The company is governed by a Godfather and a kindergarden. If Shishir has any sense with the debate raging around him, should at least agree the GM forthwith and make a full statement regarding the many issues being rumoured. Doing nothing is not acceptable. The frustration of the Action Group and others could lead to an unanounced knock at the door???

...and the tranche of sites Whitbread is selling. Almost 5% of staff, mainly at Premier Inns and associated restruants, being terminated. Overall WHTB are closing more than 200 restruants, selling uneconomic motels and enlarging others in areas of high demand.

Whitbread are survivors and always seem ahead of the game.

DP you do have a certain regard for Swindells, however I think he is light-weight especially when dealing with Shell, who can just wait until Pensacola falls into their lap. I hope I am wrong. The major shareholders cannot be happy unless they have information not shared with ordinary PI's

If a Meeting is properly requested, Directors have 21 days, from receipt of the request, to respond and a further 28 days in which to call a meeting.

If Directors fail to honour the above conditions within the 21 day timeframe,, A Group can call a meeting, at the company's expense, to be programmed 3 months after the 21 day window.

Tomorrowtoday, if there is a scintilla of truth in your concerns, TGR is registered in London which could mean involvement of the SFA.

Cuckoo am a bit behind you at 59p to break even. I stuck with Delt 2 or so years ago when Shell came on board. Will wait for the dust to settle and then probably exit.

DP exactly my point. Time will tell

Algy Cluff and Michael Spencer are big pals. They are involved in Cluff Energy ( Africa)

Those of us who have been here long enough know the ropes! We're just Gun fodder

DP afraid that is the grim prospect. Multi-nationals care little for the small fry

Whether Selene is worth more is academic at this time. The Company could be in the same position as now. The CEO has some questions to answer as it was known weeks ago the Liablities the company faced at the end of May. GS may have been concentrating on a FO deal but should have known given the Political environment a fall back position should have been planned. Maybe there is one in place? The majority shareholders would have been aware of the position some time ago and appear unwilling to back a fund raise. PI's need to consider the possible outcome of these events.

Is it possible JV partners could take a bigger share which enables Delt to retain a lesser interest in Pensacola?

The dialogue is clear, but do you beleive the Major Shareholders are accepting what could be an end to the company?

I doubt it and will not be surprised to read a rescue plan has been agreed with LOrd Spencer and Richard Sneller and ordinary PI's will be left high and dry.