Member Info for liquid1

https://twitter.com/Heliumone1/status/1394167925729374210?s=20

Helium One
@Heliumone1
·
11m
Our Tai prospect is believed to be larger than interpreted from historical data which has contributed to the Technical Team's decision to upgrade Tai from a 'low-priority' to 'must-drill' target.

Here, you can see the Tai well site levelling and clearing underway.

https://www.google.co.uk/amp/s/www.thearmchairtrader.com/helium-global-one-he1-share-price/%3famp

Helium Global One: a gamble for the brave, but returns are potentially huge!

When the workers start speaking with a He voice, we’ll know they have found Helium!

Inhaling helium makes the higher-pitched tones resonate more in the vocal tract, amplifying them so they are louder in the mix. At the same time, it makes the lower tones resonate less in the vocal tract. The two effects combine to create a Chipmunk-like, flat sound

Minchin added: “Additional data has resulted in a reprioritised drilling campaign with drilling starting over a faulted 3-way dip closure at Tai, with multiple stacked targets.

“This prospect is believed to be larger than interpreted from historical data, which has contributed to the Technical Team's decision to upgrade Tai from a 'low-priority' to 'must-drill' target.

29p before Bank Holiday 2 weeks time!

After bank hols, we’ll be into early June.

Rig has arrived and is probably gonna be set up next week!

CEO state “Sky’s the limit” on He discovery.

DME hit He 5 days after spudding.
DYOR

Agree 24p next week possible.

" weeks befoe rMid May we jumped 14p to 24p,

~~ then the 2 week delay to a bigger site was announced.

Getting harder to buy is a good sign!

0
CINEWORLD in St Helens is reopening on Wednesday, May 19 as the coronavirus lockdown eases, it has been confirmed.

It has been more than seven months since the cinema, on Chalon Way, has welcomed visitors.

The Cineworld chain had announced it was to temporarily close all of its venues in October 2020 for an indefinite period as the pandemic devastated the film industry.

Cinemas are able to reopen from next week under the government roadmap for easing restrictions.

Cineworld has confirmed its venues are reopening from Wednesday.

https://www.sthelensstar.co.uk/news/19299916.cineworld-st-helens-reopening/

Early June in 2 weeks

Drill on site

EIA authorised

High court allows troubled Amigo Loans to cap compensation payments
This article is more than 1 month old
Court rejects fears deal would be unfair to customers by cutting payouts to 5% even though directors could earn £7m

Tue 30 Mar 2021 19.07 BST

High-cost lender Amigo Loans will press ahead with a rescue plan to cap compensation payments for nearly 1 million customers after the high court rejected concerns the proposed scheme would unfairly harm them.

Amigo, which is giving board directors the chance to earn £7m in long-term bonuses as part of the deal, said it welcomed the court decision, which would allow a meeting with creditors on 12 May to go ahead as planned followed by a vote of all customers.

The controversial deal was not opposed by the regulator, the Financial Conduct Authority, despite concerns that mis-sold customers could receive little more than 5% of a successful claim after Amigo capped its compensation pool at a maximum £35m and 15% of profits over the next four years.

At the weekend, shadow City minister, Pat McFadden, and the head of the all-party Treasury select committee, Mel Stride, said the FCA had questions to answer about how it was regulating firms such as Amigo, and whether it was fulfilling its obligation to protect consumers.

https://www.theguardian.com/money/2021/mar/30/high-court-allows-troubled-amigo-loans-to-cap-compensation-payments#:~:text=High%20court%20allows%20troubled%20Amigo%20Loans%20to%20cap%20compensation%20payments,-This%20article%20is&text=High%2Dcost%20lender%20Amigo%20Loans,scheme%20would%20unfairly%20harm%20them.

Previous articles on the company showed how institutional investors such as J.P.Morgan were buying stakes in the lender before the FCA gave conditional approval of the rescue plan in anticipation of a positive outcome.

Luckily, the plan is now out of the FCA’s hands as the courts will decide whether or not Amigo should implement it. I expect a positive outcome during the court hearing on19th May.

https://www.asktraders.com/analysis/amigo-loans-shares-edge-10-4-higher-despite-the-fca-opposing-its-rescue-plan/

https://www.sharebuyers.co.uk/shares/amigo-pleads-with-fca-not-to-oppose-scheme-for-the-benefit-of-current-and-future-customers/

https://news.bloomberglaw.com/bankruptcy-law/amigo-creditor-plan-to-be-backed-despite-fca-concern-shore-1

Amigo Creditor Plan to Be Backed Despite FCA Concern: Shore (1)

BY JOE EASTON

May 11, 2021, 4:18 PM
(Updates share price, adds Goodbody comment.)

Amigo Holdings’ “scheme of arrangement” is set to be approved by creditors on Wednesday, and will likely later be sanctioned by a court, despite opposition from the Financial Conduct Authority, Shore Capital predicts in a note to clients.

The comments come after the payday lender’s stock plunged as much as 41% Tuesday on news the FCA will oppose the scheme
Stock trims decline to 22% at 4pm in London, headed for biggest slump in about eight months
“We doubt that a court will go against the wishes of creditors, especially when the majority voting...

We need AC12 Line of Duty to investigate FCA for the corruption that goes on there!

What a complete plonker!

Wessley filtered

“If the FCA was to be successful in stopping the scheme going ahead, this would likely see an even worse outcome for claimants, thus defeating its own objective,” said Shore Capital.

At 10:50BST, shares in Amigo Holdings were trading lower by 20.3% at 23.5 pence per share.

The FCA could also inform the judge that should the scheme of arrangement be agreed, it is prepared to continue as its supervisory watchdog.

https://www.theguardian.com/money/2021/mar/18/block-amigo-scheme-to-cap-compensation-for-customers-fca-urged

The Guardian understands the FCA is preparing to tell the court it has reservations about the scheme, but it is unclear whether the regulator will make a submission to the court suggesting the deal be scrapped.

The FCA could also inform the judge that should the scheme of arrangement be agreed, it is prepared to continue as its supervisory watchdog.

It has stressed that its powers are limited and that it cannot unilaterally block the scheme as it heads to court. It could, however, make a public declaration condemning the scheme, or provide more detailed information to customers about their options.

Mick McAteer, a former FCA board member who now runs the Financial Inclusion Centre, said the FCA “needs to remember it is there to fight to protect consumers – especially vulnerable consumers like this”.

Jennison said the scheme was “absolutely” fair for borrowers. “We need to understand there is not a bottomless cash cow here,” he said

The result of the combined creditors' vote will be announced as soon after the meeting on the 12 May as practicable.

Wonder if creditors will resolve issues with FCA by next RNS ?

Broker Shore Capital said it doubts a Court will go against the wishes of creditors, especially when the majority voting in favour is likely to be so large, and it noted that the FCA has already said it is not proposing to take any additional regulatory action that might stope the scheme were it to be agreed by the creditors and sanctioned by the court.

"Amigo has also previously indicated that the business would be forced into insolvency proceedings if the scheme fails to win approval, in which case claimants would get nothing. As such, if the FCA was to be successful in stopping the scheme going ahead, this would likely see an even worse outcome for claimants, thus defeating its own objective.

"We think the FCA likely knows this and therefore is simply trying to be seen to do the right thing."

At 0820 BST, Amigo shares were down 13% at 25.68p.

https://www.google.co.uk/amp/s/www.sharecast.com/amp/news/news-and-announcements/fca-set-to-oppose-amigo-holdings-rescue-plan--7920788.html

Amigo Holdings PLC

("Amigo" or the "Company")

Scheme of Arrangement: update on creditor voting and FCA letter

Amigo Holdings PLC (LSE: AMGO), a leading provider of guarantor loans in the UK, provides an update on the Scheme of Arrangement (the 'Scheme') of ALL Scheme Ltd ('SchemeCo') announced on 25 January 2021, following the closing date for online voting and proxy appointment ahead of the creditor meeting to be held on 12 May 2021.

As at the closure of the online voting portal, the Company has received a total of 74,866 votes in favour of the Scheme and 3,862 votes against. The votes in favour of the Scheme represent approximately 95.1% of the total number of votes cast and approximately 95.7 % of the value of the claims of all creditors who have so far voted.

715 creditors, who have registered to attend the creditors' meeting on the 12 May 2021 and 373 proxies that have been nominated to vote on a creditor's behalf, will be able to vote at the creditors' meeting and their votes, if cast, will be included with the votes reported above. The result of the combined creditors' vote will be announced as soon after the meeting on the 12 May as practicable.

The Scheme requires more than 50% of all creditors who vote to vote in favour, and the total value of their claims to represent at least 75% of the value of the claims of all creditors who vote. In order to become effective, the Scheme also needs to be sanctioned by the Court. The Court hearing to sanction the Scheme of Arrangement is listed to be held on 19 May 2021.

Amigo also received last night a letter from the FCA dated 10 May 2021 referring to its letter of 23 March 2021 and stating that the FCA has decided that it intends to appear at the Court sanction hearing through counsel to oppose the sanction of the Scheme, even if approved by the requisite majority of the Scheme creditors, on the basis that the Court cannot be satisfied that the Scheme in its current form is fair. The FCA's letter states that its concerns are in relation to Scheme creditors' claims being significantly reduced whilst other stakeholders such as shareholders are not being asked to contribute, and the terms of the Scheme arrangements do not arise out of negotiations with Scheme creditors or any body representative of their interests. The FCA's letter also stated that it does not intend to request to attend the Scheme creditors' meeting.