Member Info for lsetown

Yes there have been countless darkest hours from £4 downwards!

What about the things it doesn't say - the AGM voting as an example!

This is another low.

I sold all of mine of these months ago at 2p and I believe I was a fool to hold them then.

Maybe I'm wrong but I fear FIG may be thinking it is time to start over again.

Totally agree - and they sold the UOG shares below the supposed issue price last week.
Personally I have lost all confidence in the management here.

Lol.

A touch condescending fuddstone.

We can all copy and paste.

The restrictions are still in force so there can be no distributions until the 'Carry' is irrecoverable.

$80 million or thereabouts.

It was hoped that the Navitas deal would re-arrange this so that there was no 'Carry' CGT liabilities but that so far hasn't happened.

No, I reckon we are where we are - near to cash level - because the BOD are still getting through the cash, the Falklands seems very unlikely and any OM award is a complete unknown. Currently any cash the company gets from OM is all due to FIG for CGT liabilities anyway.

I reckon Premier may well write this off and FIG may then pull the plug on us and put the licence up for others.

AIM Rule 17 apparently:

Shareholding notification threshold

A holding of 3% or more in any class of AIM security (excluding treasury shares) and any increase or decrease in such holding through any single percentage point.

https://uk.practicallaw.thomsonreuters.com/w-009-1710?contextData=(sc.Default)&transitionType=Default&firstPage=true

Yes, the old AIM restriction was removed years ago.

Me too.

I think this trust is small and a bit 'under the radar'. They have cash and a holding that is similarly discounted so I hope long-term is good and we can forget the noise.

Bootledodger - the Directors have just given themselves 10 million share options each.

Why would they buy any ?!

The numbers in the presentation are pretty amazing.

If I had the money to farm-in I would.

Yes, it will make a big difference if the clock is stopped because of Force Majeure.

It's us shareholders that are the loosers!

I've definitely loost the faith.

Good ideas - I sent FIG a suggestion last year to forgo revenue until a certain level of production was met and then claw it back.

Currently there is a Royalty of 9% on the market value of oil produced and 26% Corporation Tax:

https://www.fig.gov.fk/minerals/regulatory/fiscal-regime

Perhaps email the FIG Tax Office with your suggestion?

Any creative thinking on their side makes it more likely that Sea Lion goes ahead.

No, I think LSE are impartial really.

I guess the deletes are them wanting to make sure that no unproven links to legislation can mislead people. They could be legally accused of publishing false information if they weren't careful.

I see your post Canora but I can't reply to it - I don't think LSE like linking detailed legislation - perhaps they are worried someone will put up something that gets them in trouble?

I see you are new and your posts are at late times - are you in Canora Canada then?

Eitherway the more questioning shareholders the better here!

Cheers.

The tax loss is on $4 billion total, so I assume that the actual cash value is only the tax percentage of that figure?

Anyone know?

To be fair though he hasn't published the results has he?