George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Hunter,
A rich field indeed with required £729mm investment to create income Q4 2023.
Whalsay have finally identified the strategy with conventional rig, FSO and shuttle tankers.
Can you elucidate further on new directors of Nuog who have the relationships/history where Whalsay may be so seduced.
Harry
Adouble,
I appreciate your in depth knowledge on the technicals and practicals which is a catalyst for further financial analysis.
Your “imaginary “ paragraph, could you comment further on such costs?
The increased storage has already been approved to my knowledge, why do we need further approval for an ESP which are widely utilised in the industry-shame that this had to be deduced from a Rathlin PR meeting.
Harry
Jack,
Some interesting and plausible theories:
1. Humber do not have access to a Placing being a private entity,
2. I don’t think an IPO would cut it owing to the required timeline,
3. I like this one- Ant & Dec currently have 7mm- how about an equity swap?
Harry
Ying Tong,
Your last two paragraphs are, in my opinion, what the Judge will expressly accept.
This case is listed in the Newfoundland Supreme Court and for those who believe it is spurious or of no merit, I would repeat my previous advocacy.
PVF will have commissioned lawyers who in turn will have sought Counsel’s Opinion on the merits. Counsel have opined there is merit as pleadings have been drafted (Statement of Claim) and an action initiated in the Newfoundland Supreme Court. In addition, they have identified a corporate or individual with the funds to satisfy any Judgment.
Harry
SB,
In my opinion, it very much depends on whether Nuog had been joined as a Defendant in the action.
If not, I agree.
If so, their actions to separate after the event will meet with short shrift from the Judge.
This case interests me.
Harry
Fyoz,
Agreed.
I see an alternative exit should they choose.
Accept the $11.5 ,as canvassed by Stifel, from a Major perhaps those currently invested in fracking , Ineos, Centrica et al who now need conventional.
IPO Rathlin.
I am content with the accretive Placing and the equity swap which paved the road to either of the above.
Harry
That would require collusion with Rathlin and UJO- a dangerous precedent.
We have witnessed the requirement for a pump gleaned from Rathlin council meetings. Shame Ant & Dec (stolen from another poster) have not adjudged that should have been in an RNS or DB for that matter.
Harry
Good morning Ying Tong,
Any Judgment is on the public record usually by searching the Court Archives -I guess it will make the local newspaper.
Unless, of course, there is an estoppel argued and it may well make the Law Reports- usually where there is a new precedent in law or equity.
We know that Judges are not prejudicial, however, in my experience, I would expect Minty to be met with an icy stare on away Turf and an uphill battle for his counsel.
Once a promise, written or by parol, has been shown and that promise was relied upon with consequent change of position (detrimental reliance) the burden of proof shifts to Minty. Or, he is estopped from denial.
Harry
SB,
Methinks Minty will meet his ice cold nemesis in the Newfoundland Supreme Court on Duckworth Street.
50k may cover inter partes Costs, however, the Judgment will be 6 figures providing some measure of Catharsis for the aggrieved PI.
Harry
Good morning SB,
It appears your well worked and intuitive post has been removed-I saved it to my investment documents.
I remember your past allusion you Azerbaijan, Scotton’s podcast and the case made.
Unfortunately, my contacts or experience do not extend into the country, however, I know there is a strong PRC presence- oil refiner in Heilionjang.
I have had business dealings with Henley BS Executive MBA in the not too distant past and may forward the Minty model for study.
Nuog returns to my watchlist.
Harry
Hi IT,
Indeed, usually a precursor to upward movement.
I agree that an increased holding in Rathlin is preferred and we can expedite resumption of the EWT on award of the agreement to instal the required pump.
It is regrettable that information has to be drawn from a Rathlin meeting attempting to assuage the concerns of the locals.
Volumetrics as indicated to the II’s pre Placing which are now “over the wall” ought now to be public knowledge- as should the latest positions taken.
Good luck.
Harry
Fracking in the U.K. banned with immediate effect with proviso will not be renewed until geologists can predict whether earthquakes will not occur.states Boris Johnson.
I see this as a huge positive for RBD’s WN conventional drill, moreover, the companies currently heavily invested in fracking, Ineos, Centrica et al will require alternatives.
Harry
I agree, it’s the cherry on the top as has been stated.
If we interpret the wording on face value, “legal and administrative...”
I guess it’s in reference to the 6month tie in period and thereafter orderly market, how does a lawyer draft that clause without ambiguity?
Harry
Jack,
Your posts are always measured and based on solid facts.
However, there are many PI’s and II’s here who have entered way above your quoted “50 to 60”.
It is unsurprising that the PI’s express alienation- I feel sure the II’s in question will also be forthright directly in the ears of S&S.
I have posted on the subject of “ expectation management” previously. It is a subject which requires attention to convey loyalty.
Harry