Member Info for highlandmatt

Can the company delist to save cash, and we put in place a low cost caretaker BOD to simply file companies house returns and distribute cash received?

See pinned post top of board

I'm not normally one for advocating extra cost, but when it is a multimillion dollar a year operation, would 50k on a bit of support help? Or just get in the way and give an extra management burden? On share sales, this could be viewed as transferring wealth from the impatient to the patient.

*are (not 'care')

I'd imagine high resolution satellite images care quite large.

Guess they have been worked all day, keeping a lid on the share price?

That's true. Would a Purdah affect this, or easy for Minister Ryan to claim so?

It is possible that environment clearances for Cory Moruga in T&T, and a successor licence in Ireland, might land before the sandjet program is redesigned.

I very rarely filter, but Openheimer has joined the select list. Did the same on He1 - turned up spouting ridiculous and baseless predictions of share price doom. Adds nothing.

Last one - promise. A friend of a friend had an issue with her Audi A3. Dealership said requires a new engine. She was very surprised as it only had 140k on the clock, and was even more surprised to be told that was the design life of the new 1.4TFSI engine. Compare that to my father's 1.6 that is still going strong on 170k. I wonder what the design life of the 1.0 turbos is? I imagine a lot of the newer smaller engines fitted to bigger cars are going to go bang even sooner, as they are lugging more weight around. The attitude seems to be it doesn't matter how it works in the real world, as long as the numbers look good when new.

Just to continue the 'new car winge', I got a call from my sister, whose car had gone flat at the airport. I talked her through how to bump start it, and she said she couldn't as the electronic handbrake couldn't be released without power. I also recently had my garage asking how I had driven my car there with a failed brake pipe. I explained by use of gear changes and the handbrake, and they pointed out you can't do that either with an electronic one (or presumably an auto, which all of the EVs seem to be).

The steering on the hire car was most disconcerting, as it seemed to try to prevent me changing lanes on the autoroute. We figured out that if you didn't indicate it thought you had drifted off. The same applied to straight lining corners. It also put the brakes on when overtaking a lorry as it didn't like me approaching with a speed advantage. It also tried to predict speed limits and would apply the brakes. I have the impression that a lot of the technology fitted to newer cars today under the banner of safety unnecessarily jacks up the price for the benefit of the manufacturers while deskilling drivers. Will this actually put folk off buying newer cleaner cars?

Or wildfires. There was one in North Scotland recently that accounted for a frightening doubling of Scotland's emissions.

https://www.bbc.co.uk/news/uk-scotland-50435811

Don't think your choice of car will dent that kind of impact.

I don't have an EV or hybrids, but two recent experiences.

1. Hire car on hols last month was a new eGolf plug in hybrid. Came with no charge. No charging point at car park 200 yards from apartment. No charge points at any car parks we used in the week. Dash display said it had averaged 40mpg since new, and it did 20mpg from Aosta back up to the village. As an aside, all the electronic boings and dash warnings were really irritating.

2. Family came to visit us with a Tesla. 260mile claimed range, but in reality about 210-220. Nearest Tesla charger to our house - 50 mile round trip, although we could trickle charge it off the main overnight. Had a ride in it, and it said the 100 mile charge at a Tesla charger was £10, so mid 60's mpg. This sounds good, until you realise you could buy a 2.2 diesel Civic in 2012 that did 60+mpg (and a smaller cars in 2002), and you can still buy them for £4k, instead of £40k.

The charging infrastructure needs to get a lot better, the cars needs to be cheaper, and there needs to be a way of changing the batteries quickly and cheaply (as opposed to being part of the car structure). Other than fleets, company car users, and owners who get a new vehicle every 3 years, is anyone going to buy one when a battery fault could cost thousands of pounds?

With the BOD's track record of handling investments, I'm all for winding up and returning Ruvuma cash to shareholders. I don't trust them to invest wisely and keep costs down in the interest of shareholders.

Without seeing the terms of the contract, it could just be a spot / call off agreement. If we use your rig, this is what we pay. I doubt we have exclusivity (PG wouldn't pay for it).

I agree both options re timing of Mou5 are open. I think it will come down to whether, once results are known, PG sees more value in retaining cash as a defensive measure, or in expanding the resource base. I suspect that might come down to behind the scenes discussions regarding any possible sale / farm-in.

After, I would think. Need time to process the testing data and plan next steps. Commercial discussions to be had.

They can't sit on material news.

Https://www.londonstockexchange.com/news-article/JSE/response-to-media-speculation-trading-suspension/16329969

In some ways, the movers and shakers of the Kingdom may prefer to deal with Predator than majors, in terms of aligned interests and levers of power.