Member Info for legache

Market for oil and gas assets is bombed out as you know.

However, west garb gave a read across for SD, which is larger and more profitable. Wg sold for iro 5 million US. Put cap is 6 figures currently.

Then how much is the pipeline in Morocco? 2 mill?

There is a reason these boys want this private and it's not to save on listing costs.

Fair enough Maestro, 10p seems a long way off. But 2 or 4p is laughable.

Management, just this year, issued options at 10,20, and 50p. Yes we all had a giggle at the 50p ones but 10p seemed perfectly reasonable and shows how desperate this management team have now become... They have failed and need to go.

I still contend that the binary option you suggest is not true.

Don't forget, we don't know what SD is producing. They excluded it from the accounts as it was supposedly "held for sale". Imo this was a deliberate attempt to conceal the value of this business.

Why was tenez rejected at 10p, yes Aelph wanted to milk us, but I also voted to reject because I know how much this business is worth. It's not 2p. Or 4p.

It was actually about 4p until quite recently

No, I agree, 2025 should be good.

You don't need to keep posting the same, over and over... That's the issue. Rampy spam

I would have expected an rns with a new date.

On what basis pensioninvestor? SD is worth multiples of current share price. The Morocco pipeline, likewise.

I wouldn't take 2p. No one who knows anything about the value of this business would.

Well, it's the right decision. However, you will have to attend the general meeting now, as the deadline has passed for proxy votes.

Roxi, how much do you get paid to post these rampy messages? Tell your bosses that their money is better spent in proper IR.

Glad I didn't book a flight to attend the GM... Very poor form Jay.

If you think about it. Deadline for proxy holders (who vote no, has passed) hence extending the period for in person voters to accumulate.

It's bent and wrong imo. Contact the FSA.

Could this all be a plot to get more shares. Certainly loosed up the trading.

Lot more noise on the way up than on the way down!

No, its the director's plan to take up private, finance us to the eyeballs with dirty money from Aelph at 30% and then when we cannot pay, take the assets.

Simple. Not sophisticated and I think holders are seeing through it.

Although, seems theres not much hope of action...

https://www.ft.com/content/06d967ef-4397-4c46-8df0-5a33bf55a203?

Everyone, lets get these forms in ASAP. They will be forced to investigate.

https://www.fca.org.uk/markets/market-abuse/how-report-suspected-market-abuse-individual?utm_source=chatgpt.com

Is that allowed? The regulator should have something to say about this if that's the case. You cannot engineer the vote you want in such as way?

But, surely they wouldn't know what the online votes were and then be allowed to rig the vote by having further discussions with attendees of the meeting. I am no expert in corporate governance, but would seem odd...

It says

"You can vote in respect of your shareholding by attending the General Meeting or, if you are unable to attend the General Meeting and you want to vote on any of the resolutions, you can do so by appointing a proxy to vote on your behalf."

So basically, someone with a lot of votes couldn't turn up, or has perhaps asked for clarification over strategic or financial information which they cannot get over the xmas period.

Be careful here. I wouldn't take it as read they don't have the votes.

If they do, we're all stuffed, as per the previous discussion.

Ned? Thoughts?