The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Seems that the local Erbil famillies have legal authority over «The Production of natural resources within the semi-autonomous Region»…….
Says nout about Sale of the natural resources ?
Hopefully some of you formally legally qualified contributors can decipher the wordings ?
PS our vocipherous bean counter contributors may be a little out of their area of expertise on this one ;)
The Good Dr. Woodburn will probably have months to run to serve out his notice at BAE, so if we are lucky enough to seduce him onboard - he won’t arrive‘on station’ before Q3 :(
Potential new CEO Dr. Charles Woodburn looks like a good’un on paper at least. A serious engineer with an MBA…..is a formidable combination (but lacking Energy Industry background).
If he comes to be - his first priority should be to revamp our dull-as-ditchwater assortment of BoD , then surround himself with Energy Industry guys’n girls.
Strange he is only a CBE - when the likes of the padded underwear/PPE genius gets the full Baroness gongs !
What a misdirected country (England) has become !
Free Fall again ;)
A slush fund for the ruling families really is the only solution here.
Remember where we are, and the types we are trying to do business with.
Taking them to Court in London will just be as effective as the Paris outcome:
they just laugh at the decision
Buybacks NEVER improve the sp for shareholders…… they are usually given away (discretly, so as to limit attention) as well earned bonuses to our dynamic Directors.
Much woser to deploy that hard-won working capital to re-invest in the business (assuming the BoD know what our business is about …. or could be !).