Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Beesty,
On 2nd Dec the company reported the Nov monthly report, stating no JV currently agreed, it does not allow for forward looking statements regards possible future outcomes. Located on the copl website. I did not see it noted here but may have missed it if reported by others.
AM has said comms will be better and yet again failed us in this regard, IMO. Do the PR/IR team need replacing, maybe, but that still falls at his feet to arrange.
Some good positives in there:
JV, 6 work overs at CC, refinancing ongoing etc.
Some negatives,IMO:
Don't expect high production increases yet, not one mention of 'RBL', only refinancing? I hope 'RBL' is specifically written in the RNS update tomorrow.
Thanks To or.
I take it we must close out the bonds before 12 months is up then, or the issue price will be 13.25p??
Taken from 'The Bonds have a conversion price of £0.1675 ($0.2001) per Common Share,
which is subject to adjustments including a reset to £0.1325 ($0.1583) if, among other things, an RBL is not
secured five months from the issue date, or on the twelfth month anniversary of the issue date of the Bonds.
I thought it had both positives and negatives. If held in a SIPP and you have time, the royalty could really help CRCL but not short term. $1.5M carry is good right now and hopefully Licence will come soon enough. Also CRCL would not have to fund the mine once listed in Singapore and being a shareholder only. IMO. My question, if they hold a Q &A would be what %age do CRCL expect to hold after listing in Singapore? They must have discussed it. Even an estimated %age as both parties cannot hold 50% each...
If payments are made from a US bank/stock holder, such as dividends, the W8-BEN form will prevent tax being withheld prior to you receiving payment. I have received US dividends for 20 years. The business is in Wyoming. IMO
Agreed duster, the $100M was a low ball offer to state the point. Maybe a phased payment as the field is proven up before the JV partner buys us out. Remember, the extra $$$ will develop our own field too...
If the JV pays around $100M for 50% of the deeps we could be debt free with no hedge, producing 2000+ barrels/day and letting the JV partner develop the deeps at their cost. Boom, if Carlsberg did JVs...
...but very possible, IMO.
New interview link on twitter.
https://twitter.com/zenithenergyltd/status/1577939060601098240?t=DA5qyQI4JoxqgQKeBxM1rw&s=19
Why does Art not suspend the share pending RBL announcement for a few days, then we open re-rated and if any shorts are still open they could not get out cheap? We are Main market not AIM. The ASX in Oz insists on a suspension for these releases.