Member Info for GheeBhee

I refer Myosotis to the Right Hon Lady's response: "It would be inappropriate for me to comment on the specific discussions. But this, as I say, is exactly the sort of project that the northern powerhouse is all about: driving investment, driving exports—good for the north.

That is not a supportive but a neutral response.

So, having dealt with the Infrastructure, back to the decision not to dilute.

"The UK Guarantees Scheme (UKGS) supports private investment in UK infrastructure projects. It works by offering a government-backed guarantee to help infrastructure projects access debt finance where they have been unable to raise finance in the financial markets."

The key word there is "unable" not "unwilling" to raise finance. Or does the Act say something different there too because whoever leads on the Govt website needs to be brought up to speed pronto if it does. So much confusion.

Scotman. Looked at the 2012 Act and it has Infrastructure all over it. And housing but I don't see a salt mine contributing much to that national objective.

Myosotis That's all very well when a bespoke port is part of the plan but one has to ask how many ports does Teesside need and which ones should get government (tax payer) support?

A salt mine is not a service and developing RBT is a job, at present anyway, for Garry O'Malley of RBT together with the people behind British Steel who appointed him. Oh, and the UK government on behalf of all of us of course. No, I have in mind a service and a facility that we all all need to be giving some thought to.
https://www.gov.uk/government/consultations/working-with-communities-implementing-geological-disposal

"It works by offering a government-backed guarantee to help infrastructure projects access debt finance where they have been unable to raise finance in the financial markets."

"UKGS is only available to ‘nationally significant’ infrastructure projects. Infrastructure is defined as any of the following: water, electricity, gas, telecommunications, sewerage or other services, railway facilities (including rolling stock), roads or other transport facilities, health or educational facilities, court or prison facilities and housing."

Just saying...

Since we both know exactly who each of us is you are not saying anything that you didn't say during the Reynolds and Lee regime. Your blatantly selfish and, worse for the rest of us, short sighted analysis hasn't changed.

Two external things have changed, though you may not have noticed them or understood their significance . Ben has since spoken out against the Reynolds regime, although he can't yet see/admit that Lee let him down further and for longer. He has also finally recognised that Cornhill, two years ago, pleaded guilty in a quasi legal tribunal to shafting this company and that there is there is cash to be recovered from them even with their new leadership. I'm pleased he is now pointed in the direction that I have steadfastly advocated since it became apparent that this suspect company had become effectively part of an extremely dubious and much wider enterprise in 2013. The written off Eur1m to Dr Alfahaid, the $4.8m from Niel Petroleum and the still unexplained legacy issue that caused Beaumont Cornish to force the de-listing testify to that. If only you had listened at the time I could now have retired to the golf course.

So, if not going after the advisers and directors for recompense of fees, then what are the most recent pairing trying to do? You and some of the rump must have information that is not made available to the vast majority of the holders of the 4.7bn shares in this company. Ah, yes! Re-reading your post I see that you do.

Superbly timed to coincide with the Brexit vote? It seems that this "indicative" non-offer needs Cz government funding to oust the non-transparent ownership structure currently in place.

hTTp://www.krupainvestments.com/content/uploads/2018/06/kgitzspolecnost-ceske-lithium-vyzyva-cesky-stat-ke-spolecnemu-projektu-tezby-a-zpracovani-lithia-na-cinovci3-9-2018en.pdf

guru, Well, no but he gets a regular income, his mate from Teathers has a paid seat on the board and his techie mate got a contract to work on the Teathers app. Trick is to be Ben or his mate.

Perhaps people have spotted that Lee has joined with Kinane to give Lenigas and Co a good kicking over at Angus and want to be a part of it?

TW has just exposed the web that links a currently suspended solicitor with Ruscoe and Hendry of IOG/LGO.

Ask Ben to form a shareholder action group to oust the board and replace them with directors more aligned to shareholders' interest? Like he did with TEA and NEW.

For the second year running no AGM held, no accounts for 2017 published and still no explanation of the legacy issue that led to de-listing.. Big Sofa hasn't recovered despite TW continuing to pump it and Teathers doesn't seem to be generating deals anymore. Still, the current Board is only doing what its predecessors did so no one can say they are surprised. HNY to one and all.

GaiasKidney Thanks indeed. "A royalty, the amount of which is linked to the amounts
received or receivable by YPL from the sale of or other dealing which are attributable to the minerals
sold, is also payable [to the reigning monarch] under the lease for each period of six months ending on each rent payment date." So, the offshore polyhalite belongs to the Queen today but she has leased it to York which is paying a rent that will escalate and, once out beyond Hundale Point, will get a % of attributable revenue too.

DGR1980. I think you may be mistaken

How much royalty are Sirius paying the current owner of the polyhalite, anyone know?

Oh dear, they have invested £100k in BST at 17p and we all know what has happened there. As they are also he directors of Teathers we can probably guess where most of the other investments are too. COPL being the most recent candidate, though Teathers placings do seem to have dried up

AGM due by the end of December with both directors up for re-election. Will now have to be in the last week, because of the 21 days notice requirement, or slip into next year just like it was last year. Details will probably be published on the ********** and eridgecapial websites when the convening notice is issued.

Sosandar (#SOS) – H1 revenue +407% to £1.84m, though increased loss of £1.97m

Positive delay, positive cash shortfall, positive discount. Are you positive it's positive?