Member Info for grevan

$180,000 a day, according to the Valaris site.

Apologies if already posted.

James.

Have a look at Ageos' very helpful calculations of 14h September.

I agree with your general point: however it all depends on the definition of FM in the Prem/Canmax contract. If the definition is wide enough it could cover breach of contract by Stark.

Either way it is likely to take many months to resolve, which works in Prem's favour.

I agree that there may be no breach by Stark if there were no specific requirement in the spec to meet a certain output. (Seems unlikely)

But in any event FM does not come into it.

What I don't understand is the constant reference to FM.

Prem had a design and build contract with Stark. It appears that contract was broken as the plant did not meet the design spec.

That is breach of contract, not force majeure.

S17 of the Aim rules requires notification of an exchange listing so how is it possible for ODX to list in the US without advising investors via an RNS??

... Indolent councils into action!

Planning applications are subject to statutory time scales ie 13 weeks in the case of "major" applications.
Ukog are under no obligation to agree to continual extensions and have a right of appeal if the statutory times are not met.
I don't know if an appeal has been considered but the mere threat is often enough to stir olent authorities into action. most ind