Member Info for GrumpusLOL

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.

Simple really Emerald, seize the Indian assets' our' money was spent on identifying and use the legal authority 'our' money was used to pay for authorising this.
For the full arbitration award, granted by a recognised Court
With adverse publicity such as this, how long before the GOI buckled and paid up pronto in full?
What do we have now? Diddly squat. That and speculation on how much more delay we will have to endure. To accept less than the full amount (as the Board Of Doves agreed to on 'our' behalf).

Glad we are thinking along the same lines.
Personally I think the actions of the Board of Doves have been unforgivable and the lack of communication is atrocious.
Not the actions of those who wish to be re-elected to their current positions at the next AGM, IMO.
Settlement could have been done and dusted by now, money in the bank and we could all move on.

Now we are being gently led down the path of '' there may be delays due to the Pandemic''.
Maybe we will withdraw all our claims for compensation and then be told we are not eligible for compensation because we have forfeited all our rights to claims by withdrawing. The Court of Arbitration set a level of compensation. Why go to arbitration and then offer to settle for less? A bird in the hand is worth two in the bush.
On top of all this, Nigerian assets are now apparently being considered. Outstanding.
This is all the work of he who shall not be named. I shouldn't have said that. (Harry Potter).
I note that others are becoming dissatisfied with the lack of information flowing from the Board of Doves.

Surely the Uskmouth resurrection dream is dragging this company down.
It seems to me that the way forward is to apply for Planning permission to demolish the buildings, scrap all recyclable metals etc. and re-wild the site.
Unfortunately this may do away with any hope of providing locals with meaningful employment, but it may encourage Great Crested Newts.
No doubt the Welsh Government will object to such a radical plan.

Have I got this right?
This Egyptian announcement means more income for Cairn/Capricorn?
And today the share price drops?
Maybe I'm just not clever. Or all is not as it seems.

The Board of Doves is where the information should be coming from.
The silence is underwhelming.
Strike another off the list Whitehat.

Following the last consolidation, the share price dropped. That is a fact.
Now the shorting makes sense!
History has a habit of repeating itself.
Lol.

Very clever.
Something is not all it seems with this company and the truth will out eventually.
Some are working hard to supress this.
It is illogical for an Arbitration award to be pursued, won, then voluntarily reduced by the recipients.
(All in the best interests of the shareholders of course).
Perhaps you could now try explaining why, after the last share consolidation, the share price went down.
The market decides the fair value.
Fair? The market will decide that, IF the boat comes in,

Count the negative comments in todays posts.
Seems that the criticism is mounting.
Plus shorting,
I am not clever. Just a realist.

At last. someone appears to be singing from the same hymnsheet as I am. Doubting that the money from India will arrive anytime soon, ( if at all).
There are lots of people 'expecting' that the Board Of Doves is working flat out to facilitate payment.
No statements from the Board to that effect, just resounding silence.
All to receive approximately half the Arbitration award.This decision was made by the Board in the 'best interests' of the shareholders (who actually own the company) without consultation.
Strike off the top two from Whitehat's list.

Alternatively, the director who dumped shares at 190 may be the mystery buyer of 4 million quids worth of shares on Tuesday at 182. Now that's clever.
I'm not clever.

Taking years to recover money wrongly demanded then declining to accept the full legal award is not clever.
Neither am I.
Just angry at having no voice.

Please add Grumpus Lol, my prediction is by Friday.
I'm not saying which Friday. Of which year.
Its all smoke and mirrors and will all end in disappointment.
I have serious doubts about this whole charade.
So does the Market.

So all those who calculated the refund would be with us before Christmas are now being gently led down the path to expect nothing before mid January.
This is because we have to dance to a certain tune and withdraw all claims before we receive an amount specified by GOI, despite an award being specified by an Arbitration Court.
Expect nothing but delays and excuses.
If it isn't measured, it isn't managed. This is dragging on longer than Brexit. Has anyone specified which January?
IMO, strict deadlines should be set and if broken, invoke the court ruling and seize assets until the full amount is paid.
Or call an EGM to determine the way forward.

It would seem that the company is not living up to expectations.
This is with the full co-operation of the Board Of Doves.
If you are not happy about the way things are being handled, you have a series of boxes on your voting form at the AGM. Put your cross in the box to make your feelings known.
Small shareholders have amazing superpowers. They can even force EGM's to make their voices heard if they feel they are being railroaded into accepting decisions they have had no input on.
As for share consolidations, the last one was stunning. Instead of rising due to fewer available shares, the market decided the share price should be dropped. Probably due to lack of performance.

Did anyone deduct the cost of a name change from their back of fag packet calculations on the future value of Cairn?
Mid December and here we are still dancing like puppets while the GOI continue to pull the strings and hold back refunds legally awarded.
Time to grow a pair and enforce the claim for the full amount awarded and bring this farce to a swift conclusion. Before our legal rights are completely erroded.
A blind man on a galloping horse can see where this is going. Nowhere.

Is anyone aware of the problems Cairn Energy has suffered for the last decade after venturing into India?

Its deep doo doo, Forewarned is forearmed.