The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Are some people on this board saying that the Baltics States, for example, should not have been allowed to join NATO for fear of displeasing Russia? Is it surprising that Ukraine is seeking security after the annexation of Crimea and then invasion of its own internationally recognised territory. It is just as well ‘promises’ given by individuals in early 1990’s were not legally binding considering that Russia’s record in Chechnya and elsewhere made the Baltic States and eventually Ukraine feel distinctly uneasy. Gorbachev was critical but conceded that these promises were as irrelevant as they were meaningless. Putin’s big mistake was to agree with Macron that Nato was brain-dead and practically toothless into the bargain.
So much better for your mental equilibrium to see green rather than red, I find.
They dare not hint that anything is happening soon! Language has to be neutral. Good if you have found a better risk/reward elsewhere. Best of luck to you as well.
I should have added that the 46P for everything leaves the buyer with West Kytlim for free. I think that would be a good extra inducement (on top of rock bottom!) for the purchaser, don't you think?! Of course the negheads say that is as it should be because West Kytlim makes a loss and always will! Even Mr YF hinted in his usual crafty-sly way that WK is worth next to nothing. The 'expert' is now gone, it seems, to save himself imminent embarrassment.
I wouldn’t rule out 85P but what I definitely rule out is less than 46P with at least two bidders after two+ years still at the table!
Have fun looking back at 'do your own valuation' from ACF 2020 report! You will see the range is all the way from 46P-236P under various parameters - and for much less resources and reserves than EUA has currently! Who bawled give me 46P right now? - don't worry, you will get that and then some. Nickel, copper and Iridium are at higher prices now than assumed in that report. Palladium has halved but I wouldn't worry too much about that. I hear lone wolf is still annoying people with his obnoxious drivel. Bury him in a green coffin is the best solution. I notice certain prominent and possibly more intelligent negheads have slunk away, knowing that the game is almost certainly up.
The fanatical Paul Murphy (People before Profit) lambasts backslider Eamon Ryan in the Irish Times for his recent fall from grace!
If NATO had not been so brain-dead at the time Putin might not have gambled that he would get away with annexing Crimea. We all know what happened next and why.
Even if LOGP’s sunken costs are only the $20m spent on renewing licences it would still represent about 1.2P per share value to a buyer and developer when he makes his tax returns at first oil and gas. In other words you can deduct at least that from any purchase price to find the true cost to a buyer. Is that correct? Are the sunken costs greater than $20m? Assuming of course that the LU is resurrected.
If LG has committed himself to a JR what is the problem? If he hasn’t why not? In either case LOGP needs to get on with the ECT case if there is any ambiguity in LG’s position, which there probably is since he will see himself as the dominant partner calling the shots. Vague assurances and time wasting should be given short shrift - provided LOGP has the firm financial support of all its major shareholders.
Flombo, either you or LOGP must be gasping for money!
Swizz has said money is not a ptoblem. I cannot believe LG can get away with daylight robbery yet again. LOGP are so certain to win their ECT case in fairly short order they will have backers gasping to get a slice of the action, don’t you think?
Flombo, I think Swizz will take issue with you over some of that! There were a number of funders expressing interest, for example. Boldy must first be in discussions with Vevan, is how I see it. He cannot long delay making some kind of meaningful announcement.
Imagine Ryan or anyone else refusing EOG an LU in two years' time for some ridiculous reason in the middle of LOGP's ECT case. Alternatively, imagine the grant of an LU to EOG at the same stage. In either case the litigation will be swiftly over. Unlike in the Rockhopper case against Italy the ECT will reject all appeals, except possibly the final award appeal. This case will last a maximum of three years, if that - not the ten years+ some fool has mentioned several times in the past on this board. I think the Irish government must know this. Paying out huge sums to LOGP during power cuts in 2027? I don't think so. By the way, the Irish government is lucky to have farmers of the sheepish variety and not French German or Dutch Rottweilers snapping at their heels in central Dublin.
Donalb may be right - it looks like two down with one to go. Unless BOE is being singled out for the sin of having oil as well as gas. EOG get their extension without warning, PRD have been warned to expect one. Whatever next?
Maybe Martin and Varadkar have seen the blinding light themselves and communicated the good news to the DECC
Suddenly Ryan is convinced BOE’s finances are in better shape than he thought??
Prevarication, refusal to answer, partial pictures, omissions, dissembling and a smattering of knowledge posing as real expertise are the hallmarks of the gentleman you refer to, BoB.
Mr YK, do you know much about the 17km river bed in the Tipil licence area? Maybe little is known except that the geologists considered the area to be promising. There had been previous mining of some kind, I understand. Have you any further information?
Tilly, I liked that bit about B1ll losing his edge! - he never was that mentally sharp to begin with.
Same from me as well, Swizz.