Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Our Colonel (but seemingly 3wks old):
https://youtu.be/lNaCxXBPozs?si=Spy_QoUscxcxOvyo
Querie from a simple investor:
The shares buyback campaign uses up the company’s working capital (which could have been used in acquisitions, or investing in tech or new plant or how about paying off some debt .)???
These buyback shares are not all cancelled - as a big chink are held ‘off line/treasury’ to be dished out to directors and selected staff as «bonuses»
Please tell me I’m wrong.
‘Twas a strategic error appointing the good Colonel to head up our Consortium - should have been a local from the ME region who spoke the language and had lived through the political/religious/geographical traumas first hand, one who had walked the walk before opening his/her mouth on our behalf in Erbil/Baghdad or Ankara.
An ex US militarian would (and probably has) immediately polarized those he deals with on our behalf.
A justification as to this choice has to be presented.
Seems like Baghdad is determined to bring the Erbil billionaires to heel:
Reuced voting power
Summons applied to those holding Stateside protection passports
No oil pipe revenues to pilfer
No water flow from Turkey
SUMO to control all exports and revenues if pipeline is ever opened
Calling Erbil’s bluff on population and govt. employee numbers….
… have I missed anything ?
That’s exactly the problem belgrano - a handful of seriouly wealthy bullies who plunder their terrified population who exist in miserable poverty - while the highly uneducated tribal heads pocket the wealth of a region - without understanding diddly squat about the long game for the Region (and caring even less).
I bet there are several private jets at Erbil International kept fuelled and ready for quick getaways 😉
Worried and concerned appearancies in Armani suits with private jets and luxury villas Stateside - while stealing their people out of basics, will soon be exposed and hopefully serious helpings of porridge over many years will be the outcome.
Oh dear….. been saying it on here for years.
The ridiculous, sudden and unaccountable wealth of the Bar-boys had to get them noticed and into serious trouble - sooner or later.
If The Donald gets back his birth-right to the keys of #1 Penn. Ave……. surely a win/win deal will be struck.
As a customer, I’m a bit concerned that they publish such a spurious sp of £10 (it is however, a nice round number).
Hmmmm ….. I recall from years ago that ‘rocket scientists’ in the Stock business were those who held an O-level in Arithmetic. Perhaps times have’t changed significantky ?
BP too small, seen as too Nationalistic, the initials continue to be anathemic to Big Oil following lingering memories of incompetence ruining their GoM.
Now if BP and Shell merged….. that would create a mouthfull of worth swallowing by big appetites.
Increased payments for IOCs via revised Baghdad contracts - means less for Erbil tribal chiefs - so that won’t fly.
The evaporated payments due to IOCs could be investigated by Baghdad - but that could lead to embarassing disclosures - so that won't fly either.
The $1.4B bill due from Tirkey could be offset against pipeline transport fees and supply of water - but no facility there for pilferring - so another wingless wonder.
Since he reputedly already held 400,000 shares - the ‘insider trading’ tag should have been queried earlier ?
OR
Maybe he acquired these shares as part of the bonus/retention ploy which has made all of our directors seriously wealthy people ??
Excellent find there TSSZ….. but I’m not so sure that the peoples of Iraq (and certainly not us IOCs) will see a cent of that fine and the interest due.
It will be squirreled away (as is the custom and birthright of those in power).
That deal must have gone contra all the embargos being levelled at Putin’s regime
Was Trump chief negotiator - in his quest to destroy OTAN ?
Imagine the trousering that went on in Baghdad to pull this off against the efforts of The West.
Wasn’t life easier when it was just the wrong biscuits being served which caused walkouts from meetings of National Importance, and The Warlords quietly exercised their birthrights to pilfer until the camels came home ?
Now we are immersed in squabbles over critically needed water supplies to Iraq, and the threat of exceeding OPEC quotas if the pipeline eventually opens !
Pipeline fees are already set, Ankra just needs a bit of understanding from Baghdad on paying the fine while trying to recover from the social costs of that horrendous earthquake.
If delay in opening can help Baghdad to break the billionaires ruling Erbil…. then we should be good ro flow.
All this is tied in with personal wealths, not what benefits the general population (and we infidels) !