RE: GEX the next GGP.... Broker Note sp of 1795p...16 Dec 2025 14:16
Oh Dudley, this should really not need to be explained to a former CEO.
you already run numerous billion pound companies and you want set out on a new venture but it's a risky one. As all oil and gas exploration is!
You don't want the risk of it affecting your other companies, what do you do? Start another company isolated from the others? But it doesn't need cash just yet! Shall I move 20 mill that could be working elsewhere just now? No thats bad buisness isn't it?
I reiterate I should not have to explain this to a former CEO it's buisness 101.
Shells are used for tax purposes, risk mitigation and adds agility.
If next years accounts are the same then you may have a point but till then it's just irrelevant.
GLA