Member Info for IsleworthSpy

@ Broch.

Panorama next week?

Issues have been raised within Parliament, and the apparent problems are/have not been resolved. Nor will they.

Royal Mail will get what they want.

Interestingly, from what i've read about Panorama, is about the people they are speaking to. There was no mention of any blue collar workers.

And will any managers speak about outdoor actuals? Of course they won't.

I'll definitely watch it though. It will be interesting.

@ DerekR.

Thanks

@ Broch.

There is a local unit that works from a MC and their times have not been changed. Apart from 30 minutes later on Saturday, to bring all D.O times into line. There is no storage point for this offices mail within the MC. So, it just gets pushed into the office.

D.O's further out should be less affected by the new start times.

This bit from the RNS tells me that objectives have been achieved.

""""to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange. It is expected that the Shares will be admitted on 22 February 2024.""""

I'm assuming that this is good news for IDS?

I remember reading about the LTIP and the STIP. But i cannot find any information on who and why, they are eligible. Does anyone know where this information can be found?

Try as i might, i cannot find anything internally, or within any official news.

I assume that this means targets have been achieved. It's nice to read that managerial positions are soon to be rewarded.

Or have i got this completely wrong?

So £500,000 was raised to hold Anza. How much more needs to be raised, and when, if MMA agree to a potential buyout of Anza and their other applications?

Unless they get MMA for a song (less than £500,000?), more funding will be needed. I don't know why they just didn't get it out of the way. After all, it's what everyone here wants.

I'm lovntg this bit from the RNS:

"""The Company has conducted this Placing to fund these exploration activities so that value can be added relatively quickly. This new capital will be deployed as soon as possible and we anticipate that results will be announced over the coming weeks and months."""

Does anyone actually believe this nonsense anymore?

And as for Anza resolution in the nearterm? No chance. If the company had £1.3M in the bank, why not use these funds first for "specific exploration activites"? They only 500K! If Anza was anywhere near completion, BG would not have needed to raise now.

@ broomtree, cooffecups.

Although SPR are the figureheads here, their investors have defaulted, not SPR.

The fact that they have already given BMN 2 million to cover any issues, plus the funds previously received, tells me that they are fully committed. I could be completely wrong.

I do hope that BMN are not being stitched up here.

I've just listened to the full interview, as i missed the first 20 minutes.

Would i be right in saying that if SPR's investor that has defaulted on the $12.5 M does not cough up, then SPR "WILL PAY" the remaning 10.5 million? I'm certain that that is what CC said on a few occasions.

And if this is the case, then problem sorted, surely.

Just to dampen everyone's enthusiasm here, a little snippet from the recent RNS on 26th January.

""""The parties are examining a range of commercial and structuring options, as well as undertaking prudent due diligence, and as such, finalisation of any agreement may take some time.""""

For once a bit of honesty. "May take some time". Not imminent. Not in the next few weeks. Although i would love to be proven wrong, "may take some time" in OMI's world, means over a year.

At least, whenever this comes to fruition, we will stil have Anza.

As of the 29th December:

Orion own 6% of the shares in issue.

SPR own 14% of the shares in issue.

If the company goes wrong, then these shares are treated the same way as mine. Bottom of the pile.

Whilst i get it that SPR have not been issued these shares yet, they have paid $2M dollars against the original $12M. Not to mention any other cash paid. $8M was it? They will get the money for this funding. IMO.

SPR were looking at ways to fund the full $12M, and that is why i thought that this may have been provided by Orion. I'm probably wrong, but it makes sense to me.

And i'm looking forward to a flat day tomorrow. Anything not red will be a bonus.

Just another thought.

Could Orion have picked up the $12M investment instead of SPR's investor? They are due $7M as part of the refinancing by 30th June 2024. If this had gone completely wrong, where would it have left Orions original loan, and BMN's obligations to repay?

Excellent news from Orion. Why would they agree to the refinancing if SPR were going to default? I'm assuming that as part of the 27th November RNS about this package was conditional on BMN "raising" at least $12M, that BMN have achieved this and received this money. Hopefully, we will receive an RNS tomorrow. Fingers crossed. And SARB have approved it. Another tick.

@ MG1959

4 weeks in the last chance saloon. So, not long to wait to find out our fate.

I keep reading the 19th January RNS, and i have to take anything that i may interpret as a positive, out of it. Mainly the fact that SPR seem determined to get the funding over the line. They must have their own money, what investment vehicle doesn't, so maybe if the investor that defaulted on their loan does not come through, then maybe SPR will use their own funds. I'm probably clutching at straws, but i cannot see SPR letting any of their or their investors money, go down the drain. That would not be good for their business.

I'll be topping up what i can over the next four weeks, if it goes wrong, so be it.

I have it on good authority that the proposed 24 minutes later start times will no longer apply, in my office. I'm not sure what happens in other offices though.

On a completely different topic: Is it me, or does this board now represent an actual discussion board? Posters haing opinions that will not affect the share price, but are allowed to post without the constant vitriol from at least 1 poster. Long may it continue.

@ TheMoneyShark.

""""The changes in the USO are to allow the company much less time spent delivering the measly 7bn letters per annum (that was once 20bn) 6 days a week…and to spend more time delivering parcels. That’s the fact of the matter.""""

What changes to the USO? I wasn't aware that the Government had approved any. Can you post the link or provide factual evidence of these changes please.

@ TheMoneyShark.

"""""Paranoid delusions kicking in there I see. You think that less mail means you lazy militants will be alllowecd to just ‘go home’ lol.

The business will go nuclear on the parcels market and they’ll be driving up as much business as possible that they can’t drive whilst they’re laboured with old, decaying legislation.

You’d be out until all hours with parcels spilling out of your van. Lol.""""

Are you completely deluded? Are you actually saying that if RM want thay can make me work over my contracted hours? What world do you actually live in? So, my 37 hour week goes up to what? 50 hours? 70 hours? Please explain for this TAF postie.

Nobody should "just go home". Speak to a manager about time management. See my earlier post. I certainly do not make any time. And as i've mentioned before, i often book excess.

Still. I'm hoping that you are right. Monday - Friday is right up my street. The USO still in place. Thanks RM. Thanks OFCOM. Thanks the Government. Thanks shareholders.

@ mike1974.

Aren't there people to manage all these things you mention. Or are the much more highly paid, guilty of the same, and maybe much more?

@ TheMoneyShark.

I notice your hysteria regarding OFCOM's paper coming out on Wednesday. Why are you getting all excited about something that was mentioned last year? And why would the marxists be sh*tting their beds?

Take this on board:

For the umpteenth time, RM are beholding to the USO. It's nothing to do with posties. I have posted many times that if RM offered all delivery posties a Monday-Friday, 99% would snap their arm off for it. I'm not sure what all your glee is for. This will suit virtually every blue collar worker there is in delivery. Myself included. Finish at 2.15pm on Friday, 2 1/2 days off work. I'm loving that. A long weekend, every weekend. And working my day off is limited to funding my strike fund. That's later in the year.

So, let's go back to Monday-Friday deliveries. There are 2 reasons why i think this will be the new USO. By and large most firms are closed at the weekend, so you will not be impacting them with no delivery on Saturday. RM are already employing staff for weekend working, packet deliveries. We have 5 "in my office".

And if you think that loads of staff will lose their jobs, there are plenty of vacancies in all units. And of course the possibility of VR.

Bring on a proper weekend, every weekend. This could be the first proposal by RM, if it should happen, that i will vote yes to, in over 30 years. Happy days. I notice that the market was not as euphoric as you. Never mind.

@ Peakybinder. See the bit above about vacancies etc, in reference to your getting rid of 25% of staff. We may get close to that, with the obvious reduction in management and white collar worker head count.

@ TheMoneyShark

Change of hours? All 24 minutes of it. Which i've condensed down to 4 minutes. LOL

Hard work? It's a bit chilly outside and as it get's colder you slow down. I'm actually doing less now that it's colder than i was last summer. But don't worry. The bit's i cannot do, are being covered on overtime. Courtesy of the shareholder paying for it. I'll tell my workmates that you said thanks, though.

The dividend? How much is this "modest" dividend? Does it cover your losses in the past 30 months? NOPE!!!! LOLOL.

You haven't sold a dime? That's because your holding amounts to about 5 cents. Maybe you should average down.