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Legache - you have lowered the tone of what is an excellent chat page, btw check out 8,855 sold at 306.5791p.
Genghis 15
Thank you for saying GL to GBP holders, much appreciated.
This is an AIM listed wildcat explorer, it may or may not multibag, but I have to say after being invested for over a decade it has been an interesting journey.
GL with your investments.
I don't know who is buying at these elevated prices Mommur, but I have sold some of my Rights Issue shares this morning, bought at 18p sold at £3.086. I have learned from my past mistakes where I did not take profits , I will continue to divest SQZ shares in order to diversify my portfolio.
GLA
I think the CEO and CFO missed an opportunity today, having divested Phoenix Group shares in January 2022, they should have confirmed the details for the distribution of the Special Dividend . Today's RNS confirms that the 14.6 pence annual dividend will be maintained (7.3p to be paid in May 2022), why not just confirm that a Special dividend of X pence will be paid to shareholders by March /April 2022 ?
Reward your Arbdn shareholders promptly !!!
Genhis15,
I think you will find the 'ball was played' first and then 'the man', a perfectly timed tackle in my books. You may not be aware that Geowiz has deramped GBP for the last four to five years on this chat page, to see him / her post such a volte face today was as I said unbelievable and amusing.
Some 22 years ago I had first hand experience dealing with Clifford Chance during an IPO, the CC lawyers were amongst the sharpest legal minds that I ever came across during my 30 years in the FS sector. I am therefore comforted that Peter Hill (a former Clifford Chance trained Lawyer) has left nothing to chance when it comes to options, extensions in the PEL legal documentation. But let's spin this around the other way, who would be wasting their time signing NDA's and visiting a Data Room if they knew that GBP would not have the PEL extended beyond September 2022 ? Surely, they would sit back and pick the PEL up after expiry?
I agree with your point on Italy, in the decade that I have been invested in GBP, we have been backwards and forwards working on the Italian Permit Applications, future GBP shareholder value is in Namibia in my view.
I don't recall seeing your username before, are you invested in Global Petroleum?
GLA.
The proceeds from the Phoenix Group share will distributed to shareholders via a special dividend, the company is working on how to distribute the proceeds, confirmation of this is in today's results RNS.
"So we are now accepting that the Licence extension beyond September is important. Good that’s progress.
I do think Italy may progress quicker now that they are desperate for gas ..that’s a positive. Maybe they should focus on that." Geowiz - 1 March 2022
So the GBP deramper for the last 4 years has become a GBP ramper ! Complete switch in one post after slaughtering GBP for years, unbelievable.
GLA
Results state "£300 million Phoenix stake to be distributed to shareholders as soon as practicable".
Dividing that amongst the outstanding shares in issue is 13.76p per share, the total 2021 annual dividend is 14.6p.
As GBP deramps go, that was lame.
GLA
"Why is this not moving at all on the back of Shell and Total drilling success? it’s actually gone into reverse since the discoveries. Bizarre." Posted by Geowiz on the Tower Resources chat page this morning. Geowiz claimed to be a TRP shareholder.
I have decided to average down again this morning, 12 months ago this was trading at £3.10.
Mr. Bird, Mr. Flint and Ms Bruce need to get this company moving forward, hopefully tomorrow's results show that they are making progress towards that objective.
GLA
Geowiz - There are no surprises in you thinking that the extension is not a 'dead cert', you have been deramping GBP for over 4 years and have confirmed that you don't own Global Petroleum shares.
GBP have created a Data Room for a farm out, feedback from the parties that have expressed an interest, was that wanted to wait for the results of Venus 1 and Graff 1, the results are now in, we await their next move.
"No body farms into a licence with 6 months on the clock" correct, but the licence is not on a 6 months clock, that is your false narrative as a GBP deramper.
GLA.
It beggars belief that Geowiz has been spinning the false narrative over the GBP licence extension, may be one day we will learn why Geowiz deramps AIM listed oil companies on LSE.
Oil has been found by the Majors in 2022 in offshore Namibia, fantastic news for Namibians and hopefully fantastic news for Namibian PEL owners.
GLA
GLA.
TicoR and Spike 66 - thank you.
Just as I thought, a former Clifford Chance Lawyer would always ensure that Legal Agreements had options.
Geowiz, you will need to come up with another false narrative, it might be useful for you undertake more research before deramping a share.
GLA
GBP deramper, Geowiz, is going in to overdrive regarding the licence extension, all very strange given that he/she has admitted to not owning GBP shares, draw your own conclusions as to his / her motivations. After 4 years of reading Geowiz's posts, I have come to the conclusion that the individual is probably not a good samaritan trying to save GBP shareholders.
Peter Hill is a former city lawyer, having dealt with Clifford Chance lawyers in my past, I would expect that he has the "bases covered".
GLA.
Either / or, I will be happy because annual dividends should yield 6.00% per annum.
I have decided to average down my holdings this morning, annual dividends should hopefully be maintained at 14.6p and there is the Special Divided to come from the January sale of Phoenix Group shares, that might be worth 8p/9p per share. The CEO and CFO need to get this business moving forward, in the meantime I will sit back and collect the dividends.
GLA.
Geowiz - I noted earlier on today that you stated "I hold in both Total and Shell", your posting history on LSE shows that you have not posted on Shell during the last 30 days, slightly puzzling given Shell's Graff 1 discovery ?
Good luck with your investments.
Geowiz - in the last 4 to 5 years of deramping GBP and raising questions about the cos of the Majors drilling in Namibia, your agenda has been clear. I am interested in why do you persistently deramp GBP when you've stated that you have no financial interest in the company? You deramp other AIM listed oilers but you appear to focus on GBP.
Peter Hill has been clear, farm in interested parties wanted to wait for the outcome of Graff and Venus drills, Shell & Total have hit oil, discussions can now be advanced.
GLA
Have you now bought GBP shares Geowiz? You previously confirmed that you did not own shares in Global Petroleum.
So much for your deramping of the Majors drilling in offshore Namibia, two drills, two finds, Peter Hill will have plenty to do going forward.
GLA