Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Buybacks a resounding success then :)
(as usual).
A savvy BoD would have invested our capital in acquisitions/technology or exploration….. anything demonstrating involvement or enthusiasm in our core businesses in fact.
j-a-b……$15 !
as if, i guess the families would not tolerate us making anything in double numbers per bbl out of their oil without having their lion’s cut ?
watching the famillies squabble (in full view of the world stage) like petulent babbies to secure their rightfull slices is the only sport we have had out of this f**** since march.
soon be christmas……
I would imagine that SOMO/ICG will offset the empty pipeline tariff against what is owed from Turkey for the $1.4 billion fine.
Surely the usual suspects who hold our contracts are not standing by watching us pocket $39/bbl for local sales - knowing that the lion’s share of that is theirs by birthright and precedence ?
What worries me about our Ian’s reward is that there are the rest of the invisible BoD to be satiate also.
Do they just print themselves more shares as required to meet their various annual awards and bonuses ?
Makes a bit of a mockery using up our capital to just buyback shares to later self-award….. dunnit ?
Lucky Ian…. accounting fog as usual to cover the underlying facts:
He transferred 630k shares to his own investment a/c, but he wisely still has interest in 680k shares !
Lucky Ian.
What exactly has he done for GKP in his short tenure to trouser nearly £850k. one wonders ?
Be grateful if it starts with a ‘5’ for our currently disfunctional, leaderless, vectorless company…..
It will ultimately soar (when we get swallowed up or find a proactive leader and the BoD get replaced by more visible industry competents).
Just need to gather all of the rulling family heads from all factions in one locked room, sort out the pecking order %s - and all will be magically resolved.
Its as easy as that.
Remember where we are, and the unbridled greed and wealth of those in power.
Too complicated BSteel…. the families in power don’t know or give a monkies about nPV or multiple integrals of exponentials around currency and reservoir decay - they are only concerned about what’s in it for them - and will vote accordingly.
We in AKIPUR have all felt the wrath of their power in defaulting and short changing our invoices via any suitable excuses - while hiding behind what have turned out to be unenforceable and downright illegal contracts over 15yrs and the creation of their obscene private wealth.
Time ICG sorted this out and maybe we will become candidates for merger or outright sale to IOCs.
Agreed totally BDC - I guess that the jumble of BoD incumbents is partly due to our period of Americanization which we went thro’ after the GoM incident.
Time to replace most of them with some serious grown-ups.
Is Suella available now ??