Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Can anyone explain (preferably in simple terms)the obsession with share consolidation?
Following the last consolidation, the share price went down That is a fact. Now it seems to me, that any shareholder in their right minds would not want the price of their shares to go down. Yet once again a consolidation is proposed (which I have voted against). Fewer shares in issue should mean higher price per share. Yet this did not happen last time. The market determined a lower price.
One definition of madness is repeating the same action expecting a different outcome.
Is this Board of Doves acting in the best interest of shareholders?
There is a faint whiff in the air.
During the time it is taking for the Board of Doves to decide how to distribute Modis Billion, opportunities are being missed. I could have taken my 57p divi by now and reinvested it in Union Jack Oil and made a nice profit.
I assume I will be compensated for the missed opportunity and richly rewarded. LOL. Carry on waiting,
Jam tomorrow. Or maybe next week. Depending on the results of the meeting. Or maybe there will be another meeting to decide another delay tactic.
How long is it going to be?
What a shame. I do feel for high tax payers. NOT.
II's and Tax dodging Directors alike.
Death and Taxes.
Suck it up and move on.
Jam tomorrow. Or maybe not if the Board of Doves think of another ruse to delay giving Modis Billion away.
Modis Billion turns out to be Brewsters Millions. This Board Of Doves makes a complete donkey of giving money away. Its always jam tomorrow and tomorrow never comes.
So, now each share in Capricorn is worth almost the price of one litre of Diesel at the pumps.
There should be a Stewards Inquiry into this.
Looks to me that the shorters had knowledge that ordinary shareholders did not.
This just reaffirms my determination to vote completely against the whole Board Of Doves. Just voicing my own opinion. Bring on the next AGM.
Whoop whoop. Half the arbitration award received, share price up 5p.
How underwhelming.
Theres no pleasing some folk. This should have been pursued agressively for the full amount and put to bed a long while ago. Where is the compensation for missed opportunities while waiting for the cash back? I am still resolved to vote against all current serving members.
Is anyone else disappointed at the performance of the whole of the current Board of Doves?
Have they honestly acted in the best interests of the shareholders, the owners of the Company?
If a Football manager doesn't get results, they get the chop. I know how I will vote at the next opportunity to re-elect members to the Board. All Members, not just the Manager.
IMHO, it seems to me that the Board of Doves sued India essentially for breach of promise.
The Board of Doves then effectively promised shareholders a return of 57 p per share.
If the tender for shares is now market value plus a premium anwhere less than an additional 57p, then the Board of Doves is possibly in breach of promise to its own shareholders. Open to a possible class act. Maybe the complainants will only accept a partial refund as an act of good faith following the example set by the Board.
Or maybe the Board of Doves is stumbling into yet another Monumental ****-up.
Interesting to note that Eqtec has a gasification project up and running, deriving energy from refuse.
In Deeside, Flintshire, Wales.
Troops are amassing on borders.
There are different rules for leaders and the proletariat on lockdown social gatherings.
Some company directors may be complicit in tax avoidance schemes.
Its all going a bit Pete Tong isn't it?
Are they worth the paper they are written on?
What about the Bilateral treaty?
Signed, sealed , delivered and subsequently ignored.
Some people are just too trusting. Like Doves.
Pound to a pinch of the proverbial that the next delay tactic is to offer payment in small installments.
What happens over the pond follows over here eventually.
Never heard ' where theres blame theres a claim ' twenty years ago.
Precisely PG, yet the Board Of Doves chose not to take the full Arbitration Court award which was almost double this amount.
A goodwill gesture to the GOI.
On your behalf as a shareholder.
Shafted.
No, I am not a shorter, I have been invested since the original tax demand hit Cairn.
I am angry that the award which was set by the court of Arbitration included compensation for all the detrimental effects the illegal demands put on Cairn Investors for a considerable period. Despite a bi-lateral treaty.
Yet the Board of Doves meekly accepted only approximately half of this amount and then joined the back of the payout queue.
Without consulting shareholders.
Reinvesting seized dividends would have compounded over time, but this seems to have been overlooked. As has the cost of a name change, legal costs and compliance with a whole host of ridiculous conditions.
I consider the Board have severely underperformed throughout this whole issue , could and should have achieved a much better result for the owners of the company, the shareholders. Even down to communication updates on progression.
IMHO there is something very fishy about this whole affair and the truth will out eventually. Yet no one is objecting to any of it, all blinded by pound signs in their eyes and happy to go with the flow.
We, the small shareholders have been shafted in my opinion.
So a company with backbone has enforced a court award by seizing Indian assets.
Leaving Capricorn where exactly? Floating around like spineless jellyfish. Wondering when (if ever), their money is coming.
Fully assured that the cheque is in the post.
It will be here by Friday.
Which Friday?
In my humble opinion, it's still not too late to mount a legal challenge against our Board of Doves decision not to accept the full award.
If we have the backbone that is.
I wonder what the Egyptians think of the idea that GOI could buy out Capricorn?
I am not clever, nor do I have any legal knowledge, so perhaps a learned colleague could answer this for me.
If an award is made by a Court, can a BOD accept less than the full award without putting it to all shareholders?
Late in the day, but could this be legally challenged?
I suggest you check out your own posts on this BB dated 22nd Sept, 26th Sept, 1st Oct, 19th Oct , 28th and 29th Oct.
The theme of these posts is generally discrediting the Indian Government.
Since then, your posts repeatedly use the word 'assuming' whenever you refer to receipt of the Indian Government compensation.
As a shareholder, you are entitled to your opinion on the performance of the Board. After all, they act in your best interests when it comes to business decisions. I think you will however, be in a minority. AIMHO.