Member Info for fairdealer20

Union Jack have announced the Planning Inspectorate have overruled Lincolnshire Council's refusal to drill a side track on the Biscathorpe site.

Voting now is fine, would hope a large turn out at the AGM which will leave the BOD in no doubt as to our resolve.

Shell and Ithicaca have awarded the Lion's share of Licences announced, so far. Seems NSTA have beased their early awards on blocks that can be quickly brought into production. Shell will have a lot on their plate!!

Getafgrip, as a property owner who lived on and adjacent to many pipelines, I know first hand National Grid have statutory powers of access and work within the prescribed compensation scheme as approved by Central Government. I had meetings on site with National Grid Officers who can just walk on to property without notice. That is fair enough where safety is concerned. On occasions they did not know where their pipes run.In my experience compensation was agreed by owners Surveyor/Valuers, any wayleave was agreed at that time. THere was NO annual payments for wayleave. The Wayleave went with the original pre-work agreement.

It is to be hoped National Gas do talk to National Grid?

The vast majority of the pipework was installed using Statutory Powers. Property owners negotiated upfront compensation within prescribed values. There was no wayleave payment agreements as a consequence. That could change should pipes find an alternative use, but no doubt Central Government would be on top of that one!!

DP all steel pipes were extensively coated before being buried. What appears to have escaped the knowledge/forethought of experts is the re-use of this arterial network. There could be other liquid/gas products in the future, that could benefit from these pipes. We occasionally hear about water shortages in southern areas and here is a simple solution ( water from the North could easily be transported. New and future technologies could make the network invaluable. Where they are at present harms nothing and yet we have a Committee talking up De-Commisioning at the expense of consumers. I have made the point earlier, someone needs to get their brain in gear

Readers must be totally puzzled by a poster, who takes an interest by de-ramping, does not view the presentation and does not own 1 single share.

Draw your own conclusions. Has NO money to invest!!!

A GM can be called with 14 days notice as requisitioned by Members. Thta is less notice han for the AGM

The AGM must be within 6 months of company year end. 25 days notice of meeting is required

2phews, HarChris, quite agree. Seems he has missed the boat. Are Investors to believe China's decision is so insignificant that many Graphite co's, producers and non producers have seen stock prices rise virtically..

Talk of artificial graphite production, is yet another smoke screen to dampen investor interest.

Has Genghis read this morning's RNS? It goes a long way towards addressing Finance issues that Podar has struggles with.

The appointee is an expert in Private Equity, which may not please some Shareholders, but if new money is injected that will benefit us all.

Cash burn is quickly reducing reserves to a level where New Funding will be necessary!!!

The Board/Executive is massively over populated. Reduction is a foregone conclusion if PI's stand firm.

Shareholder Agreement need to be perused to establish the precise number of Shareholders necessary to promote a proposition to be Voted on.

Why the hell Odie is still a Director defies all sense and reason after his catastophic handing of affairs.

Keep the pressure on for change

Interesting appointment, with experience in Private Equity??

Things to bear in mind. There must be an AGM within the next few weeks. Propositions will be put forward by the Board. Groups of Shareholders can put forward Proposition(S) to be voted on.

Dhareholders are urged to either attend the AGM or Vote at distance, but DON'T give a proxy Vote for the Chairman to decide. My preferred action, if fit and able, is to attend the AGM. The stronger the Voice, the better a desired outcome will be.

The latest Remuneration Commttee Minutes should be obtained ( I cannot find them on the Co's Website)

Curiously, Odie still appears as Chairman of the Remunerations Committee, this cannot be right. He should have been removed months ago.

Sad to say, have seen it all before, listed company's just conduct a "back-scratching" exercise and too hell with Shareholders.

DP, as someone who witnessed the construction of the pipe network, I can point to many issues the report either ignores or knows little about. For sure the removal of 1000's of miles underground pipes, the damge it will create, the compensation claims generated by property owners, residential and commercial will make HS2 budget seem like peanuts.

Any comparison with the change from Town Gas to Natural Gas is somewhat different. Town gas was produced relatively locally and conveyed by somewhat short pipe networks. The gas it self was stored above ground in holders that were easily demolished. The removal of existing Natural Gas pipelines is a significantly different kettle of fish.

The experts writing the report are just pandering towards the "Green Brigade" in a roundabout way.

Armitt, another fool who does not know what he his talking about. The whole of the UK has a network of undergorund pipes many more than 1.2metre in dia. They were installed in the 1970's, up graded at various times. Used to transport gas from different import points. Many of these pipes cross open farnland, countryside which has subsequently been re-wilded. Some pipes havehad residential properties built in close proximity. The damage done by de-commisioning the infrastructure is immeasurable that can only add to Carbon footprint.

Maybe Sir John has shares in Demolition co's?

The lack of knowledge is truly astonishing, and these are the people controlling our lives.

Supply and demand will ramp up revenues, now China are controlling the market.

As I recall TGR have a supply agreement with the EU, which could now be highly beneficial following China's decision.

PI's may recall Odie was ousted by shareholder dis-satisfaction, Will Holland was elevated and believed to be a safe pair of hands.

Serenity is an albatross that has sucked funds and will continue to do so. What ever is said, her and elsewhere, the partner in Serenity does not appear to have the enthusiasm expected, probably because Canadian assets are revenue generative, plus the Political Landscape for the UKNS is very uncertain.

The connection of Serenity and Tain has been known for a few years, the NS regulator intervened at least 3 years ago and now Repsol have relinquished the Licence on Tain. It is reasonable to conclude Repsol see little overall commercial value, compared with other assets.

GS has never been the best when communicating with ordinary PI's

Have not missed the point just correcting the misconception that Inflation decreases primary debt. You agree it does not. Another poster drew a comparitor if that were the case National Debt would eventually disappear, assuming borrowing remained stagnant.

Land and Property have always been assets that add value over time. There are certain exceptions to that general rule as 1000's will recall when Residential values plummeted in the 90's and borrowers were in negative equity.

THere are numerous classes of Property, Residential, Commercial which in turn are broken down into further classes. Commercial includes industrial, shops and Pubs. Values attributed to those Commercial classes can and does vary considerably. Take Pubs which may be Old buildings and subject to Historic Grading that protects against any structural alterations. Other Pubs are subject to Planning conditions which can, not always, present significant obstacles where re-development is involved. The point being values on Balance sheets often over state what a willing Buyer is prepared to pay.

The point regarding the effect of Inflation on debt basically relates to increased values of Income and costs.

Income has increased by some 11.6% however costs have at times during the period increased exponentially earlier in the period just reported. Fresh food increased more than 17%.

Look at other metrics within the sector....ratio of assets to debt.

MAB...2.3x

Fullers..3.2x

WTB......1.99x

Spoons..1.66x

MARS......1,5x

Marstons are bottom of the league, something asutute Investors, not Traders, will have factored into their investment decisions.