Member Info for Madpunter

When there's something negative StarRage usually appears. I just looked him up on the members link top right, and it shows his last post was on 24th Jan 2019. It seems that most of his posting history has been removed?

09.05.2022 / 15:04AA
Karl Hartzel on the EU Accession Questionnaire - I have to be very careful when talking about this process, because it is not only a very important, but also a delicate process
Karl Hartzel on the EU Accession Questionnaire - I have to be very careful when talking about this process, because it is not only a very important, but also a delicate process
twitter

"I have to be very careful when talking about this process, because it is not only very important, but also a delicate process, but my prediction is that we will see the conclusion next month," said EU Ambassador to Georgia Carl Hartzel. On the process of joining the EU Accession Questionnaire.

"We are waiting for the government's answers to the second part of the questionnaire. I do not know yet when and how this will end and therefore this question should be asked to a government official. As for the process, after submitting the answers to these two parts of the questionnaire, the European Commission should develop a conclusion, which will be submitted to the member states for a decision in the Council of Europe. I have to be very careful when talking about this process, because it is not only very important, but also a delicate process, but my prediction is that we will see the conclusion next month and also at least the first decisions from EU member states, which if you allow me, we do not want to speculate now. "- said the ambassador.

Watch the video: Karl Hartzel on the EU Accession Questionnaire - I have to be very careful when talking about this process, because it is not only very important, but also a delicate process

https://www.interpressnews.ge/ka/article/709692-karl-harceli-evrokavshirshi-gacevrianebis-kitxvarze-am-procesze-saubrisas-didi-siprtxile-unda-gamovichino-radgan-es-aris-ara-mxolod-zalian-mnishvnelovani-aramed-delikaturi-procesi

IMHO as more time elapses since the PFS without SOLG raising money, currently 19 days, the greater the chance that a raise isn't required. Eventually, the market will realise this and act accordingly.

Mining Journal 15th March ’22:
‘It's rumoured Henry and Newcrest boss Sandeep Biswas have recently held talks to cut a takeover deal. The two companies ARE EXPECTED TO BID following the release in May of the long-delayed Alpala preliminary feasibility study’.

Part 2

Since his disbarment four years ago, Mercouris has reinvented himself as a writer and commentator on all things Russia and the law. He is an editor at news site The Duran, runs a professional Facebook page which has over 4,000 followers and appears on TV discussing current affairs.

But it seems the past has come back to bite him, in the shape of a £200,000 damages claim brought by Jamous.

Jamous, now 54, has filed a claim against Mercouris, now 55, in the High Court, alleging his new career has left her and her son feeling anxious and depressed. The Evening Standard reports Mercouris, represented by 9 Gough Square’s Gaurang Naik, attempted to have the case thrown out, claiming: “all [Mercouris] has done is moved on with his life.”

However, Master Davison last week decided the case could progress. It will be heard at a date to be confirmed. Jamous said:

I couldn’t believe he was holding himself out as an expert on these shows. I have been fighting this case on my own and am pleased it will now go to trial.

https://www.legalcheek.com/2017/07/barrister-who-was-disbarred-after-forging-lady-hale-letter-sued-for-200000-by-ex-client/

The phrase 'scraping the barrel' comes to mind, after looking up Alexander Mercouris. A story teller who tried to pass off his fiction as fact and got disbarred.

Barrister who was disbarred after forging Lady Hale letter sued for £200,000 by ex-client

By Katie King
on Jul 17 2017 11:55am
Alexander Mercouris has reinvented himself as a Russian commentator, his former client isn’t happy about this

An ex-barrister who forged a letter from Lady Hale is set to be sued for hundreds of thousands of pounds by a former client.

Alexander Mercouris was booted out of the profession in 2012 after a disciplinary tribunal found he’d brought the profession into disrepute thanks to his handling of Lorna Jamous’ claim (Jamous is the former client who is now suing him).

Beautician Jamous instructed Mercouris in a damages claim against Westminster Council, which stemmed from a care hearing involving her son, Tariq. Though the local authority offered Jamous £5,000 to settle, her barrister said he’d managed to win her a whopping £983,000, which he had in fact not done. This prompted Jamous to borrow money, go on holiday and look at new houses because she was expecting a windfall.

But with the windfall failing to materialise, Mercouris then — in the words of Stephen Mooney, acting for the Bar Standards Board (BSB) — “embarked on ever more bizarre assertions to hide the truth”. These included fabricating a letter from Lady Hale, now the deputy president of the Supreme Court, expressing concern about the near £1 million payment not having been made by Westminster.

He later claimed that he had been detained by bogus police officers and taken to a meeting with Lord Phillips, then president of the Supreme Court, and offered £50,000 to drop the claim. Mercouris, who was called in 2006, at one point also said that his brother had stolen the whole payout.

Mooney described Mercouris’ actions as “tortuous deceit”; former Royal Courts of Justice advisor Mercouris put them down to a nervous breakdown and subsequent depressive illness. Representing himself at the BSB-led hearing, Mercouris admitted the five counts against him and said:

I’m very sorry. I worked very hard to become a barrister and disbarment is a bitter thought.

Looed - Apology extended to the translator, please pass this on.
Regarding ZM, as previously stated, even the BoD were in the dark to his shenanigans. However, my reason to keep shtum was always concerning the political and jurisdictional elements. Hence, when the court case moved to California, I refrained from pointing out the difference in the relevant case law for over 6 months. Also, when taking the Ukraine government to court over the tender process, I pointed out the politics of returning Dolphin in a way that didn't look like returning the asset, due to it being offshore, in a world of pushing towards renewables. There are other reasons for some of FRR's actions/inactions which I won't comment about, plus if I did, they would probably quickly be removed.
I agree that keeping shtum might have aided ZM and been disastrous for FRR. However, contacting an investigative journalist might have been just as disastrous, in a different way. Anyway, time to move on and look forward and not back.

Last updated: Apr 24, 2022
Powered by bombora

This year, Frontera Resources Corp. is projected to spend $1M on IT, according to Aberdeen.

https://www.crunchbase.com/organization/frontera-resources-corp/technology

Avi8r - Yes. The link is below for the Frontera Archive, all 126 pages of selected posts from October 2018 to October 2020.
The second link is for the Frontera Fund Archive - Summaries and translations, posted by Looed from July 2020 to the the present date.
Frontera Archive
https://www.lse.co.uk/chat/general/commodities-and-mining/frontera-archive-41C7D130-7E51-4344-82E7-83B697F53322.html

https://www.lse.co.uk/chat/general/commodities-and-mining/frontera-fund-archive-summaries-and-translations-D96851FC-955C-41C6-A7B6-A469ADEE64E6.html

I have made many wrong elaborate scenarios out of the limited information available to us since de-listing, yet recent cases have highlighted that even the BoD were unaware of some events. Therefore, it was virtually impossible to know exactly what was happening and we will probably never find out the true story. While commenting on these scenarios I have had criticism as well as some praise and therefore, it has been difficult to know who to trust. Also, as FRR has been fighting not just SH/O, but also the GG through BI and TW et al, it seeds an element of doubt. Hence, I questioned Looed's objectives when wanting to contact an investigative journalist twice. I have constantly referred to the need to keep shtum about the FRR's withholding of information. Hence, with Looed's recent posts it is now time for me to apologise to Looed for doubting him. Looed, I apologise. You may not forgive, but with your posting about the need to keep shtum, I hope at least the reasons for my doubt are now clear.

Politics
07.04.2022 / 15:56AA
Nikoloz Khatiashvili, Foreign Policy Research Fellow at Geocase, comments on NATO Secretary General Jens Stoltenberg's statement
Nikoloz Khatiashvili, Foreign Policy Research Fellow at Geocase, comments on NATO Secretary General Jens Stoltenberg's statement
twitter

Nikoloz Khatiashvili, Foreign Policy Research Fellow at Geocase, comments on NATO Secretary General Jens Stoltenberg's statement.

As he mentions, Amid the ongoing war in Ukraine, NATO Secretary General Jens Stoltenberg's statement on Georgia and the fact that one of the main issues of the NATO Ministerial is to increase assistance to Georgia, once again confirms importance and role of our country for the Alliance.

“Despite unprecedented military, humanitarian and economic assistance from the West to Ukraine, some steps unfortunately were behindhand, including in terms of political and military support. Given the new geopolitical environment, the member countries of the alliance are well aware that after Ukraine, Georgia may become the next target of Russian aggression, and realize that now is the time to strengthen support for Georgia as quickly and timely as possible. The future decisions of the NATO may open a window of new opportunities for Georgia and provide it with new mechanisms that will make the country more resilient against threats coming from Russia. Coordinated, consistent and active work is now needed with Georgia's key strategic partner - the United States and other member states of NATO - in various areas, including Black Sea security.Georgia on the one hand, has a real potential to play an important role in strengthening energy security and elaboration of alternative energy supply routes for EU countries, and on the other hand, enhance security and stability in the Black Sea region, which will be vital for the future of European security,” said Nikoloz Khatiashvili.

https://www.interpressnews.ge/en/article/119282-nikoloz-khatiashvili-foreign-policy-research-fellow-at-geocase-comments-on-nato-secretary-general-jens-stoltenbergs-statement

Dulwichman - IMHO it's something else, greed! He doesn't want local competition for his hydrocarbon business.

Why Russia is Invading Ukraine

https://www.youtube.com/watch?v=If61baWF4GE&t=752s

Megla - Eagle Ford Condensate is only a dollar less than WTI, so the 30% - 40% applies to the whole amount. Therefore, the increased revenue from the rising PoO is on between 11,100bbls/d (30% of 37,000bbls/d) and 17,200bbls/d (40% of 43,000bbls/d). If the average oil price was $100/bbl for this year, which is quite possible with the Ukraine invasion, then the oil and condensate revenue would be between $1.1m/d and $1.72m/d. A not inconsiderable $401.5m to $627.8m.

'Ø Capricorn WI production to average 37,000-43,000 boepd with 2022 exit rates forecast to exceed top end of guidance range

o Oil and condensate expected to comprise 35%-40% of production mix

Ø Production costs forecast to be US$4.5 - US$5.5 boe'

Megla - The Full Year Accounts show that 35% - 40% of production is oil or condensate.

Megla - The PoO was between $45/bbl and $65/bbl in 2019. Then the PoO was less than $50/bbl for nearly all of 2020, with a negative price for part of the time, where producer's had to pay to have it taken away. Last year the price was mainly between $60/bbl and$80/bbl and this year it's rocketed to just under $140/bbl, before dropping back to $110/bbl, which is a big difference in revenue after costs.

https://oilprice.com/oil-price-charts/#WTI-Crude

This is helping the II's at the expense of the PI's IMHO. Are any of the shareholders lawyers? Are the BoD breaking their fiduciary duty to shareholder's with the this tender offer? Surely a TO should be set at a price that will attract buying and raise the price?

Politics
07.03.2022 / 18:19AA
The draft resolution of the Parliament on Georgia's integration into the European Union was registered at the Bureau sitting

https://www.interpressnews.ge/ka/article/699360-biuros-sxdomaze-sakartvelos-evrokavshirshi-integraciis-shesaxeb-parlamentis-rezoluciis-proekti-daregistrirda

Politics
07.03.2022 / 22:44AA
The European Commission is considering the application of Ukraine, Georgia and Moldova to join the European Union

https://www.interpressnews.ge/ka/article/699408-evrokomisia-ukrainis-sakartvelos-da-moldovis-evrokavshirshi-gacevrianebis-ganacxads-ganixilavs

Mkt Cap £1039m = $1370m

$341m cash at bank 30th June 2021 + $1060m from GoI = $1401m

Full year expenditure forecast of $125m (not sure how much has already been spent in H1, so will use the full amount), will give a cash position of $1401m - $125m = $1276m
Net cash from production H1 of $101m, therefore if H2 is similar net cash at year end plus the GoI rebate is :-
$1276m + $101m = $$1377m + money from the increased oil price of Brent.

IMHO this is trading at a price less than cash in the bank! Therefore, I think it's a sitting duck waiting to be snapped up as soon as the full year results confirm the cash position.

Thanks BH. Incidentally, I don't drink much and prefer quality over quantity. I have the odd glass of Ron Zacapa XO or Pussers 15 Year Old occasionally and good Barolo, Burgundy, Rioja and Champagne when eating with friends and family, but only about 6 times per year. One can of Brewdog V Evil Twin Nitro Coffee Stout @ 9% ABV and I was feeling tipsy.
https://www.tesco.com/groceries/en-GB/products/305839428