Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Apologies with recent rises £4m buys you a 10% Vote if you can secure the shares over next few days .
That seems to be the Action that started today .
Therefore 3.0m buys 200m Shares and a 10% vote .
CA should get in early as for peanuts you can take over the Agenda .
Kerogen's friends will be considering same .
All above based on positive court outcome of course .
In Vote to reject proposal 605m Against . ( +- 30% of Total share issue ) 93%
proposal 50m For (+- 3% of total share issue ) 7%
Kerogen are believed to have Abstained (+- 16% of total share issue ) +-300m
The above accounts for around 50% of total available votes 955m / 1,988m
If the BOD had the required 51%+ they would not have tried to force the restructuring through under Covid 19 cloak , would have waited for AGM .
With Kerogen support for Shareholders possibly zero the next few days of buying activity will be important .
My thoughts exactly, when they lose the case they are going to attempt to buy sufficient shares to win the AGM and EGM votes .
Presently my calcs give BOD supporters 46% , so big buys like this could swing it . We need all the votes we can muster to vote against present BOD .
Do not sell , as a win on Monday is only the beginning of a ' New Era ' and potential to at least get an Honest assessment of what WE as Shareholders/Owners actually have with Hurricane .
Good summary adoubleuk , too many contradictions and throw in the CPR's we have a well thought through strategy to take out Shareholders .
Unfortunately the Oil price took off 6 months to soon to seal the Deal .
However we are dealing with a smart bunch here and must not underestimate the lengths regarding voting in AGM and EGM that could be manipulated .
How will Kerogen be told to Vote ?
On September 11th 2020 while announcing a CPR that contradicted the 2017 CPR the following Positives were provided to Shareholders :
Focus of the Company is Extracting Value from:
Optimising significant installed Infrastructure .
Evaluating significant recoverable oil on the Lancaster sandstone flanks .
Developing a viable plan with Spirit for the Lincoln field .
Not one of the above was Delivered , only continued attacks through negative RNS to further undermine the Share price .
On the CPR 2017 v 2020 . Neither one is worth the paper it is written on , as nothing in Fractured Basements WOS has been proven up , resource and extraction wise . The jury is still out .
As previously stated , without drilling, Halifax goes from + 3bboe to zero ! Laughable .
On a final point , if Hurricane is the Disaster the BOD and CB holders claim .
Why do they want 95% of a Disaster ?
As at next lifting should be around $160m as 31/3/2021 $127m Depending on how the BOD have committed cash to the SCAM of Restructuring for CB holders .
Minimum $10m free cash per lift at 11k boe .
7 Lifts should be doable with a BOD working for Shareholders .
Don't worry about it if your not invested . M .
Thanks Hasiba every vote now crucial to prevent this scam .
Hasiba
On June 30th what % vote carries the Resolution Against ?
On July 5th % required to carry vote ?
Presently Shareholders not in Agreement with restructure are 30% 605m approx .
Shareholders supporting restructure are 3% 50m approx
Kerogen who abstained and in doing so really supported the BOD are 16% 300m approx .
The above only identifies 50% of Voting intentions and i would assume Kerogen and 'Friends'
could muster around a 45-50% vote to support the existing BOD . This i assume , as they would not have tried to push through a vote under ' The Covid Cloak' , if they thought they had sufficient votes anyway .
Bottom line every vote is crucial going into the 30th and the 5th .
On 30th June at AGM will a majority vote i.e. 51% carry the resolution ?
Does the same apply on EGM vote 5th July ?
Anyone with Shares an answer please .
BRILLIANT Well Done all Shareholders .
Have a Great weekend and enjoy this Victory .
We will worry about Winning the War on Monday .
Fantastic result .
Interesting the Architect of this Shareholder rip off Mc Tiernan didn't show his face, they sent in the minor ranks .
Result probably kept till Market close ,so they can write resignations Hopefully .
As predicted Well 7 probably turned on briefly to increase water cut and create a bit of negative action prior to Friday .
I hope we win tomorrow so we can see the back of this Bunch of ...........
Wonder how Mc Tiernan can show his face in public , The latest to join the Green and Fred the Shred Country Club . There seems to be a production line of them which school did they all attend ?
Great work Dk1
Have investments here and in Hurricane for those interested .
As fellow investors that are also having BOD issues , have a read of the Hurricane case .
While similarities to RKH may not be obvious , be very aware of how a BOD can effectively dispossess Shareholders to the Advantage of 3rd parties and obviously themselves .
Firstly destroy Shareholder value Hurricane 40p to 1p and then offer Shareholders 5% of the 1p or nothing!
Hurricane will be in court on Friday , Shareholders v BOD , maybe something to analyse for RKH investors .
Having seen PMO get shafted by ARCM , smaller investors need to start exerting unified pressure to get the FCA to fulfil its protection role for Shareholders not Company Executives .
Dear Dr Trice have you sold your 26m shares or not ?
Maybe going forward Shareholders should consider the following :
Positives .
Founded Hurricane .
Galvanised Finance for Development and Production .
Produced and still producing profitable amounts of Oil .
Possess probably the greatest knowledge and Data on the Hurricane Fields .
Negatives
Ego driven would not listen to Advice .
Signed a Shocking Financial deal with CB holders that eventually crippled Hurricane ,
Perched water confidence just plain wrong and Failed to again look at all possibilities ,
Did not properly consider a farm in for Halifax in the 'Good Times ' Ego ?
Was not Honest enough to Admit at critical times he was still understanding the field .
Did not use Halifax to secure Hurricane financial future when opportunity arose .
With All the above in mind Dr T could now still show Shareholders that he is a man with a vision and does have integrity ........ How ?
If Dr T still owns Shares ( 26m ) then speak at the court hearing for Shareholders and expose the BOD . If he sold all shares above 5p then buy back holding ( free issue ) and join with Shareholders and CA to remove the BOD .
After the court case construct a case for Shareholders to consider , on a Re-appointment to Hurricane as a Joint CEO with a minimum $10m self investment and clear vision .
Dr Trice has cost many of us Thousands and in many investors eyes is a pariah . However , with Shareholder guidance and support Dr T could be our most sensible option , or ........
Traction has been gained by Shareholders for this weeks court case , well done all involved . Voting is probably now closed, so Strategy needs to move into Final phase .
This week is about creating noise and awareness in the Media . Ian King , BBC , Financial sections of Daily papers . Update your MP , Boris and any relevant financial minister. Let's shine the Spotlight on Hurricane and how business is conducted in the British Stock Exchange and the level of sanctioned Manipulation .
If this case is lost by Shareholders there are huge ramifications for Aim as a whole and the FCA will again be viewed as a Toothless joke .
Free cash { if the BOD have not utilised for Scare campaign ) should be around $155m by the end of June and rising .
This is the Biggest reason why it's Full steam ahead for this Financial Scam , the BOD's case for default is being undermined each month that passes . Oil going up , free cash going up . Maybe they may have to turn on Well 7 again as Hurricane production could deliver a CB payoff .
Yes the CB holders IF successful maybe revealed as Shareholders but at that point in Time IF it does happen the Damage with have been done and they will not be held accountable .
'Conspiracy theories ' Lets see how that pans out with the origins of Covid .
Keep voting AGAINST, they are out of the Strategy meeting .
Losing extra 5% is worth the effort to send a message .
Why do they keep posting with No Skin in the Game ...... Laughable and transparent .
Try again .....
CB holders should for the prevention of Manipulation , be identified via a Legislated Register .
Also heavy Penalties need to be applied consistently to companies breaking the Law on undisclosed Short positions . ARCM crushed PMO with an undeclared short and received a minor penalty .
Just an aside
The UK also needs to learn the PPE lesson quickly and be self sufficient on Energy , Finance . Food , Water , Defence , Medicine and the manufacturing capability to Deliver the aforementioned if required .
Giving Hurricane to Unknown parties in the Strategic WOS is a problem .This Area needs to be retained for UK future drilling . I do not buy the narrative 3B boe to 30m boe , its a bad joke .
Well done so far on Vote AGAINST . KEEP THE FAITH .
Why do so many non-invested people continue to post ...... Laughable .... not so many today they must be having a Strat meeting .