Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
The Company Does Not Believe It Will Be Likely To Recover Any Value For Shareholders
Is not the same as - it will likely recover value for shareholders? (Which it hasn’t said)
72.28p for me please 🙏
If the 3 merger goes through we will be over £1 , the other great advantage with Vodafone over BT/EE is their High Street presence, you can walk into any of their shops and resolve any issues, very difficult to do the same with BT/EE as they have little to no High Street presence …..
Anyway, good luck Dave
I’ve just had a similar issue with BT/EE, they cancelled my order 3 times 🤷♀️ wtf, they are all as bad as each other. I’ve been with Vodafone Mobile for over 30 years and Brilliant Home and even better abroad 🥳🥳
Good to see you showing some interest in a FTSE 100 mrc , I remember you from the old days of the dreaded Emh & Kdnc 🙈 I got out about 5 years + ago , never commented much but somehow you remained measured …..
17% up on a 22% spread ?
Unfortunately I think this statement says it all
“ The Company does not believe that any of these options are likely to recover any value for the Company’s shareholders.”
Possible leak of Merger ?
That last paragraph never made it 🙈
Fasken:
“Growing companies need legal expertise spanning continents, industries and practices. Fasken provides solutions in all areas of law, for almost every industry and sector.
With a global presence and vast international experience, Fasken is trusted by clients around the world for strategic advice and representation on complex, cross-border and multijurisdictional issues.”
“WE GET THE DEAL OVER THE LINE”
Sorry if this has already been posted before but having done some more research I have picked out some interesting bullet points and my own assessment but would be interested to hear anymore interesting information and assessments from anyone else.
Panthera appear to be in an extremely strong position being Fully Funded by LCM to see this Arbitration through to the end and with the best possible Attorney’s/Lawyers at their disposal it certainly looks like a great Risk - Reward opportunity.
US$13.6 Million non refundable award by LCM to be repaid from proceeds of claim. (Originally $10M, so a 36% uplift, Massive Achievement)
2 Years + already invested by Faskens and predominantly at their own expense.
1 Year was spent by Litigation Capital Management (LCM) through their due diligence process before making a decision to back Panthera Resources with US$13.6 Millions
The Government of Rajasthan (GoR) case relies on three weak arguments that have been repeatedly raised and previously rebuffed by multiple tribunals, committees and courts of India?
An update by Michael Higgins - Non Executive Chairman 29th September 2023:
“A claim for compensation pursuant to the Treaty will involve an assessment of the market value of the Bhukia project immediately before the expropriation. The Company believes that the market value of Bhukia is substantial with the project ranking among the top undeveloped gold projects in the world.
In order to support a damages claim against the Republic of India for breaches of its obligations under the Treaty, the Company has successfully secured US$13.6 million in arbitration financing from Litigation Capital Management. LCM is a leading global litigation financier with significant expertise in international arbitration and cross-border disputes, including bilateral investment treaty claims over mineral resource assets.”
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This bit I find interesting as the gold price is significantly higher now which I would have thought would make it more attractive for GoR to pay Panthera off and allow them to move on with the development of the assets?
“A claim for compensation pursuant to the Treaty will involve an assessment of the market value of the Bhukia project immediately before the expropriation”
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I also found some background info on LCM:
LCM have over a 90% Successful Legal Outcome
Very few applications for financing get through LCM’s rigorous due diligence process and investment comity to funding, circa 1%
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Fasken:
“Growing companies need legal expertise spanning continents, industries and practices. Fasken provides solutions in all areas of law, for almost every industry and sector.
With a global presence and vast international experience, Fasken is trusted by clients around the world for strategic advice and representation on complex, cross-border and multijurisdicti
I would be more than happy with £1/share but I’m mindful anything could happen. An early settlement at less than a £1 is also better than a long drawn out negotiation running into years & years.
Good luck all, it certainly sounds & looks interesting
68.25p for me please
Rover, thank you for your reply, I have no choice but to take the loss and I have to and I am coming to terms with it, it is extremely painful but I will of course get through it. I had HZM as a banker and it had started to restore my faith in AIM as everything was working like clockwork.
I must move on but great to hear both you and Wasa are ok
Sorry for the late reply, Dad in Phylis Tuckwell 🙈
HZM has been an awful experience and one I hope I never encounter again, that said I couldn’t afford another mistake like that.
You are soooo right about Hope / Anger etc etc , bloody awful …..
No not invested here, I did have a dabble a while back but I only have one AIM investment left which I will see through then LGEN, VOD & Lloyds all for dividends.
Good luck Wasa & Rover I think we all need & deserve it
Great to see your extremely measured posts on HZM, unfortunately my name sake let me down in that one so I fully sympathise and understand your positions, I was invested since 2019 and got sucked into the On Time & On Budget stuff and like a fool averaged down & lost more than you Rover and I sold out 2 days ago. There really should be criminal prosecutions for this sort of behaviour but no doubt nothing will ever happen.
Good luck to you and Wasa and I sincerely hope your next adventure helps you both recover some ground.
Robleo, never say never 😂 but having been invested here for a long long time you could be right. That said if we get the green light on the merger I see £1.25 as an easy re-rate figure. On a more positive note I have enjoyed the dividends and averaged down to a figure I feel more comfortable with.
Good luck all
I’ve been watching this from the side lines for a while and decided to dip my toe in this morning as it looks interesting, any idea when we will find out when the arbitration figure is and the process starts
I feel Lucky 🍀 can I join in on prophecy with 71.28p please