Member Info for Makeabundle

There could be about 2.73B new shares in total after the Retail Offer. At 1P per share that means a MC of £27.3M. Of course we are heavily dependent on a good outcome of the ECT case. Anything at 60m dollars or above would suit me as a settlement now - emphasis on now.

$48m to us out of that 60m would work out at about 10P per preference share.

Are we all happy with that - for now?

What’s wrong with holding elections behind the iron curtain of fortress cities? Do Tim & Co not welcome a chance to get rid of that obstacle to peace, V. Zelenski?

190m retail shares. Can everyone apply for them? If so, I expect few people will get what they apply for since it will mean instant profit. Would that be correct?

Still happy with 10 to 1. I wonder what odds William Hill is offering on titanic success here. Definition: at least 2 tcf of natural gas hitting ‘reserves’ status in 2026.

The guys in the know were in possession of some facts when they requested shares and not cash as payment. No, I do not believe they are all irresponsible gamblers!

If 50bcf of Helium = 1tcf of Natural gas in value it’s a huge bonus if there are commercial quantities. Just add another 0 to the telephone number!

Xi Jinping will be flattered at Putin following his example, much to the downright fury of almost all Russians. Lie and hide the truth - for how much longer? Tim & Co the hard-line Putinists have no answer but to slavishly follow their leader.

Troajan is definitely winning the war on this board. He is a real striker delivering precision munitions where it hurts most, just like the Armed Forces of Ukraine. Slava Troajani!

The only tiny thing about our titan(s) is the current price. PG has done very well to keep a lid on things so far but the truth will out, as will all that gas!

Bill, preference shares can be held in an ISA. My LOGP shares were all held in an ISA and I expect to see them listed there along with my new holding in Lansdowne Resources. I hope I am right about that.

@Spuddy. The answer may be that the claim would still exist in its entirety. The new company could never have a licence restored that it never had in the first place. I think that makes sense. The government has no company to offer it too. If they awarded the 20% share to someone else, the former LOGP shareholders would just continue with their action. Perhaps SB thought he had no need to state the obvious to sophisticated investors like you and me!

How would former LOGP shareholders stand if the government reinstated the LU? The RTO does not mention this possibility? Would there still be a residual reduced claim of some kind?

Swizz, I think all your points are valid. SB has done a very good job to retain 80% of any claim for ordinary shareholders. Congratulations to him. A man of his word.

They will be listed separately from the ordinary shares in an ISA or any share account. I take it they will have a separate quoted price. Is that incorrect?

Thanks, Swizz. The preference shares are separate and tradeable - so they will have a separate value. Let’s see what they trade at on the first day. It’s going to be interesting to see what the market thinks!

How is the approx. figure of 355m new shares arrived at? Can anyone set out the precise steps?

A bird in hand is worth two in the bush. To what extent would this be applicable to a claim for, say, 120m to be settled maybe 3-4 years from now, assuming we win. I would accept 60m now.

Possibly he is older and wiser now. Never too late to learn.

LG did not consider those things when he rebuffed the RTO offer from SB! That was very unfortunate for all parties, I think.

Paranoia about Goodman’s evil plans are not justified. He would if he could but how can he destroy LOGP’s claim?

Has our RTO party heard rumours and been scared off at the last minute or is using them to squeeze SB?

It would have taken more than 100m to satisfy Ryan - nearer 140m if I remember correctly. He could still be turned down for not putting up enough upfront!!

LOGP have a great case for 'constructive dismissal'. The government will not let it go to court.