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They love facing the music. Sounds like heavy metal. (5 letters. crypt )
Why did you reply then?
Guys the bottom reached 2 weeks ago and now 3-3.5 will be the holding price until there is good news. All the sellers have sold all bad news out of the way and a whiff of good news and the price will go straight back up from here.' TYB 6th NOV. Every week we reach the true bottom. Lets see how low we go.
I think this acquisition has been on the cards for a while.
Maybe since HUW resigned his directorship.
It could also explain HUW's claim that he was unable to purchase shares.
Maybe they were hoping to have the stalicla money by now and have had to restructure the deal.
Dont think this undermines any deal with stalicla because that relates to sfx01 only and is associated quite specifically with neurodevelopmental disorders.
I hate the new name and often associate name changes with desperation.
Perhaps we resent the 'perceived' success rate approaching zero; and by 'perceived' I of course mean 'actual' . Their main success has been associated with a global spike in energy prices that was outside their control and influence. No doubt the zealots will start blaming corrupt regimes for the situation but IMO that is like blaming traffic for being late when you have chosen to travel at rush hour, through the city using a route with major roadworks. They knew the score. They chose to do it despite the risks. At this particular moment in time their success rate is virtually non existent imo.
'perceived'???
If the situation is so dire then why did the new CFO decide to join? He was in role on a temp basis for a while before taking on the role permanently. He is no muppet. Something brewing here IMO.
Ironic.
How did this guy end up with so much power.
The people did not vote for him.
The only energy and transport transport decisions he should be making is deciding how to fix his bike dynamo.
Shareholders, myself included, had enquired of the company on their intentions regarding potential restructuring of the company and how that would impact distribution of any award as a result of the arbitration. This RNS allays those fears. Its basically says 'stay with us till suspension and you will get whats owed regardless of what happens after that'. For the company to say this I am fairly sure they must have a good idea what is on the table regarding ECT funding and post suspension offers and that they are very confident of success.
Steve boldy is 68......not sure if he will be interested in seeing all this through if it continues for an extended time.
Was Rockhopper initial tribunal decision about 3 years from start of arbitration? Rockhopper had other interests. This is all Lansdowne have. If I was Boldy I would be looking for closure. The way he has stuck with this and tried to do the best for shareholders is testament to his good character. Unfortunately he has had to deal with the decision making of fools.
Here is some advice, next time you walk up to those girls in the bar, wearing your fake rolex, silk cravate and designer toupe and they say 'get away from us creep' , it doesnt mean they want to go out with you.
You just cant stop making predictions can you. And not a 'hopefully' or 'IMO' in sight. Your track record is dire. You have never been able to call the bottom. You have built up a record of failing to call it. And still you keep on spouting your self righteous ego centric wannabe guru drivel. You even interpret someone criticising you (which I do for everyone elses benefit - not yours) as evidence of them being 'obsessed' with you. Delusional.
'Guys the bottom reached 2 weeks ago and now 3-3.5 will be the holding price until there is good news. All the sellers have sold all bad news out of the way and a whiff of good news and the price will go straight back up from here.' TYB 6th NOV. just a quote. no opinion. just a quote.
Boldy must be demented with this d@mn licence.
Dealing with the tanned providence buffoon that frittered away all of the capital raised on other ventures other than barryroe.
Then having to deal with the green goblin who looks for any excuse possible to legitimise blocking of essential and logical developments of indigenous reserves. ' Its not the airport expansion we object to its just that the roads are not adequate. Its not the development of barryroe we object to its that we do not think you are financially capable of seeing the job through' How have we let this happen? All of this eco agenda is coming to a head very soon in a cataclysmic collapse. Europe is finished.
Its easy to judge things in retro but the game was up in 2020 when this green spanner was given so much power.
He is driving us towards the edge of an abyss just like has happened in Germany.
I also think boldy is having to deal with vevan ruthlessness now. He is a good guy who is genuinely concerned about logp shareholders.
If I am worn out with it then he surely must be.
I agree they should be actively pursuing compensation.
However political figures come and go and decisions can be overturned on the grounds of illegality, procedural unfairness or irrationality. On all 3 of those grounds I would say that ryan is on a sticky wicket. His subjective assessment was not based on law, the length of time taken and the principles applied were not in accordance with standard practice and based on current and future energy requirements for rhe republic the decision is definitely irrational.
I do not know what the average is for some of the major shareholders. Historically I was of the opinion that they would want at least 7p/ share but after the past few issues i am not so sure. LOGP have 5 or 6 weeks to decide on a way forward. i.e reverse t/over or admission as an investment company. If the latter then my worry is that existing shareholders are diluted to **** when they raise 6m.
Hope mike is playing this defensively to prevent someone aggressively snapping it up for peanuts.
I would like to see who the 'investor' is. They are getting approx 19% of the enlarged share capital for £2.5m.
Are they already invested? Have they eyes on the remaining 81% ? Im hoping this doesnt get bought on the cheap.
Hi swizz,
I appreciate your point about decisions on BOE future not being agreed till November but how does any of that undermine the ability of LOGP to progress the ECT litigation? If BOE somehow manage to reverse the decision or agree with the DECC on a revised strategy for the development of the licence then LOGP could decide to drop all or part of their claim. It would maybe result in some wasted effort and cost but would LOGP shareholders really be that bothered if the licence was back in play? So my opinion is that from the moment the undertaking application was rejected the ECT claim should have been all systems go regardless of what was going on at BOE. 8 months and we are still getting 'shot across the bows' type RNS that seem to be indicating that the decision whether to progress the claim or not is still up in the air. I feel like I am watching 2 guys threatening each other across a pub. instead of putting the gloves on and getting in the ring.
Over 8 months since the decision. Are LOGP going to continue to talk the talk or walk the walk. I appreciate that a negotiated resolution with the decision overturned is the optimum result but please can someone fire the starting gun. DECC decisions on allowing gas developmemts will just add weight to RYANs claim that the decision on barryroe was related solely to the financial capabilities of the developers.
Ryan has been using delay tactics for years now.
He will no doubt spout COP 28 decisions to try and counter any LOGP comments. He has already said publicly that in his opinion 'transition away' means 'phase out'. Unfortunately his interpretation of 'phase out' seems to be 'stop'.
It is clear the guy sees his future in some european or international environmental cheerleader role.
LOGP need to take it to the next level.