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Nothing rhk can do about the court process and they did say[at the agm ] they expected a decision on the jurisdiction point by end of June . All long term holders are fed up with the continued delays but this one is out of their control GLA
People familiar with the matter and asking not to be named as matters is private doesnt exactly ring true and pretty typical of Press cover for " we think they are doing this but we really cannot tell as we have no idea " . .More likely to be a play to promote Kirk and lovegrove recently formed company . Given the size of PMO would they really want to instruct such a small firm [formed october 2018 ] who immediately release such information to Bloomberg or even allow them to divulge such info to the open market . Pure conjecture as usual by press . I think there will be more movement on this share as and when PMO sort out Zama . GLA
More likely to be news on the arbitration as we were told at the AGM that the jurisdiction point would probably be announced sometime june / july with rest of decision later if in our favour .
" News out to today " source and article please
Must be a typo , perhaps whoever posted this could show us the evidence or article stating this please.
This share [ Ren] appears only to have a small number of shares in the market 53 million , similar to the amount of free shares in IQ-AI save for the fact that the directors in IQ -AI have put in a lot more of their own money . The potential is clearly there and it could move very quickly if they get usa approval . GLA
Whats not to like about a company that has such a small issued share capital in a growth field where the directors have actually invested themselves a large sum of money . The shares are tightly held . This may take time to grow but the potential is there , We just need the sales to come through . GLA
It will be extremely difficult for the Italian government to avoid an international award . Grounds for appeal are very limited ie fraud and lack of jurisdiction are 2 principle grounds but neither would apply here and the Italian courts have no say . It shouldnt drag on once a decision has been made GLA
Rights of appeal on these type of Arbitration cases are limited .GLA
I think the Italian government will find it hard to argue that there wasnt due diligence on the purchase of Mog . If you look at the conditions of purchase Appendix 1 conditions of the acquisition ,the purchase was conditional upon conditions being satisfied . The issue of government licences government proceedings instituted implemented or threatened is referred to in condition 3 . Given the amount of money involved I will find it hard to believe that the lawyers on the purchase [and thats what they are paid to do ] did not check all the conditions out .If the conditions were not satisfied the transaction would not have gone ahead GLA
We are years away from getting rid of oil , I am not quite sure why MPs think its their job to dictate to joe public that we should all go out and adopt vehicle use which is probably twice as expensive at the current moment to petrol or diesel cars . Yes we may in the future have more electric cars[it will be hybrids ] but that is years away and please dont compare countries like Norway to us , they subsidise electric cars as no one could afford to buy them at true price . It would be helpful to know how the 29500 planes in the sky at the current moment are going to fly on , electricity batteries , what they going to do plug them in mid flight .. The cheapest form of fuel will continue to be used and until l such time as cheap electricity is available[and recharging takes minutes rather than hours ] and the cost of electric cars [recharging ] is brought down dramatically , oil and diesel will be used . For all those advocating getting rid of oil and diesel there is then another problem , tax . The governments will have to tax heavily such supply of electricity to make up for the lost diesel and oil fuel taxes , the revenue loss will be huge , the target will then be turned to electricity charges , so what appears supposedly cheap now will not be in the future . No sure answer , ,renewables will grow but oil and fossil fuel will be required for years to come . GLA
As far as I can see anyone can claim as a non disputing party whether they have any merit is another matter . Its a bit like public planning appeals where local residents have a say and can raise questions . I Would imagine written representations .
There appears to be quite a good review of this case and chances of success on an arbitration blog [its written and contributed to by arbitration lawyers ] look up on the internet and search kluwer arbitration blog rockhopper 27th January 2018 interesting article and sets it out quite neatly . GLA
Probably an environmental group as there are quite a few who are objecting to this claim against the Italian Government . Unfortunately unless we have access to the proceedings we can only second guess and thats what we are having to do ! No doubt we will find out over the next month or so . GLA
Rhk have replied, the firm on this claim is King and Spalding , big players in this field they will know what they are doing [USA based with international offices ]GLA
For what it is worth , I think they have a very good chance of success , even if its a recovery of what they invested, any recovery will be a bonus . Its unlikely that the solicitors would have taken this on unless there was a big chance of success . I am presuming it may be Ashurst LLP that have taken on the case , as the Agm was at their offices , i have asked RHK but not sure if they are prepared to confirm who is acting for them . It would however be on the court papers somewhere, but we dont have access to that information so we are a bit in the dark about this . Anyway hopefully interest will increase the nearer we get to the Arbitration hearing . GLA
The correct claimant would be Rockhopper they would have taken over all the contracts of MOG so there is no cock up . An explanation of how the licence was transferred to RHK would be in the claim so that is not an issue at all .
T
Everyone should migrate over to this board , only then will ii realise what a balls up they have made . Encourage others to migrate .
What a complete mess on interactive . I am not going back to them until they go back to the old set up where everything was clear and simple . There is nothing simple or straight forward on ii , its a disaster board now . Someone at ii needs to be fired [probably outside consultants ] Thanks for ruining something that worked very well for the past 10 years
Appalling MESS OF A NEW BOARD .Why change something that worked perfectly well for over 10 years to something that is a complete mess . Cannot understand what they have done . Someone needs to be fired , it doesn't work .