Member Info for HBomb5

TOC can you please direct me to where if can find which IF ANY oil & gas companies qualify for business relief?

Also how many of the companies listed on AIM qualify for business relief?

I'd hazard a guess that less than half the companies listed on AIM qualify for IHT business relief

So what if the IHT tax dodge gets scrapped , if as an when people sell up just pay the CGT and be done with it

I'll happily pay whatever the CGT rate goes post budget if I'm getting out in 3 figures

I don’t think corporation tax applies on an arbitration award as that usually for operating profits earned, in this case those funds are from a court case not operations as it where

Need to include some interest due of the award also maybe another £20/25m to come on top of the claim

7 days in already on the 28 days Poland have to appeal the BIT award. Over 4m traded in Poland today pushed the stock up to 42p equivalent, be interesting to see how Oz reacts overnight.

For PAT pushers it’s taken almost 2 years since hearing finished to get this far so I’m assuming best part of 3 years still to wait, in tha mean time how much dilution will there be….

People ignoring the interest piled up goes a decent way to paying the litigation funders, maybe another £20/25m

Plus need clarification on the tax position as I'm unsure if Corporation Tax applies given its a arbitration award and not from profits earned

LIT get 2-5x what they put up so just for round number £10m gives them a maximum £50m return, below is from 30/6/2020 RNS re AU$18m/US$12m of funding that I have rounded to £10m

LITIGATION FUNDING AGREEMENT TERMS

The LFA (which is denominated in US$) provides for monies to be progressively drawn down from the financing facility to meet expenses associated with the Claim. A detailed budget has been approved as part of the LFA, which confirms all expected legal and ancillary costs associated with the arbitration process, as well as a portion of the Company's claim related operating expenses.

LCM will provide up to US$12.3m (A$18m) in limited recourse financing which is repayable to LCM in the event of a successful Claim or settlement of the Dispute that results in the recovery of any monies. If there is no settlement or award, then LCM is not entitled to any repayment of the financing facility. In return for providing the financing facility, LCM shall be entitled to receive repayment of any funds drawn plus an amount equal to between two and five times the total of any funds drawn from the funding facility during the first five years, depending on the time frame over which funds have remained drawn, and then a 30% interest rate after the fifth year until receipt of damages payments.

As far as the rest is concerned all that should become clearer over the next few weeks and/or months.

Not sure Poland has much of a leg to stand on with regards to appeals given they where mining one of the assets.

Https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02863593-6A1229949&v=fc9bdb61fe50ea61f8225e24ce041a0e155a9400

Trading halt in Oz pending announcement

Looks like 2.5m changed hands 1 seller, matched by 3 buyers, or the other way round

That’s a TR1 stake so should get an RNS this week on it

As for who bought them just depends if it pushes holders through the various TR1 % levels

Rio's increase their stake to 19.76% slightly early, they had until later in the month to exercise the option

Fingers crossed they like what they are seeing on the ground

Could quickly recover if its gone to largely sticky hands averaging down

Circa 18 months since court hearing finished can’t be too much longer to wait now🤞🏻

Its exercise of 10p options that they have partially sold and to be fair they sold less than 26% of the options exercised between them.

Agree optically this doesn't look great given trading update should be out mid next month onwards, but directors typically only have a short window in which they are allowed to sell, not insiders etc

Back to trading over 50 in Poland early doors today

50s trading in Poland and been as high as 53

Problem is once delisted any company is largely free to do what ever it likes including potentially diluting existing holders out almost completely

If they truly believe the company is worth more than the current market cap why don't they just put the company up for sale?

47p trading over in Poland, won't take much to move them here

Nothing wrong with de-risking along the way

House broker Hannam just put a note out with a 27p target price

I think most holders here would be delighted with a £2 share price even if that takes 2, 3, 4 years?

20% continual growth in revenues will make biotech funds sit up and take notice, just need one/two to start nibbling away at the shares for momentum to build.

Just glad we don't need to raise equity as numerous companies in the sector are having to take big haircuts on SP or choosing to delist entirely.