Member Info for mariog

You never know who was behind it last time and why this time the buyer is taking over this company for nothing. It is a pure speculation from my side of course.

Prax is located a few miles away from Hurricane. Seems the lads know each others hence the deal. Now is the big question, was Prax one of the bondholders here?

About Prax
https://thelincolnite.co.uk/2022/10/how-a-lincolnshire-oil-refinery-boosted-couples-secret-10bn-oil-empire/

That's interesting

Broom, I know you have added. I didn't have this chance as had no money to add that time. If it was 6.5p today, I would top up my account to add for sure, but now we are 1p higher and this is not as great as it used to be.
I still think however any buy under 8.50p can still be considered as a good decision if things go ahead of that wild plan.

To add.
If you sell and invest 7.50p in something that delivers 10% per annum then in 3 years you will have 10p.

No point selling unless you have some insider info from another company and you can buy there expecting quicker and higher return.

Vote No.
If we lose, not end of the world.

It actually does make more sense to vote NO and hope this deal is not approved.
However,
if it goes ahead, no point selling now at 7.50.

You will get 6p back and you can invest it in something that delivers 10% per annum so in 3 years you will have 8p from your 6. Plus you can get 6.50p from Prax, so 14.50p in total if you manage to find a company that pays 10% divi per annum and if Prax delivers.

It will be harder to turn 7.50p into 14.50p in my opinion.

I will only sell my shares here if we see 9p+

Agree. Perhaps if I had no shares I would buy some while they are under 8p. Funds see Hurricane attractive up to 9p as it will give them 3.5p back within 1-3 years max. This is more attractive than holding money in the bank.

I strongly believe that if shareholders were not selling now, the sp would increase to 8+.

In the US we would be 1billion mcap with this revenue and a list of projects in the pipeline. Of course we are not in the US and we have a BoD not capable to think outside the box

Wondering what are the trading fees on the MBF. The DCU will have a low balue for many and if the MBF fee is high then it would not make any sense to trade them.

Asi, thanks.

Ireland is pretty bad with CGT tbh

*corrected again :)

Asi,
say I bought Hurricane for 12p. Prax delists Hur and pays me 4p back = Loss of 8p immediately.
Then same year I get 2p extra from Prax. Loss in 2023 from Hurricane's investment remains 8p or is reduced to 6p?

Say I no longer trade in the next years and I get from Prax 1p in 2024, 1p in 2025 and 4.5p in 2026.

Should I pay 33% tax on 1p made in 2024, 1p made in 2025 and 4.5p made 2026?

Ireland

Broomtree, I understand your position, but not everyone had cash to add more when share price was around 6-7p.
If I had I could buy and even now sell instead of sitting on 30-40% loss which after the sale will change again to 50% down until they decide or not give me something back, which again will be taxable 33% so the best outcome for me will be 10% loss in the scenario with full additional 6.50p is paid after the sale.

Reply received from Hur.

Dear Sir

Thank you for your email and for your questions for the upcoming Meeting for Shareholders on 18 April 2023.

Where appropriate, we intend to address all shareholder submitted questions within the presentation at the meeting, a recording of which will be published on the Company website later that day. The Q&A element of the event after the presentation will not be available due to The Takeover Code restrictions.

If you are unable to attend and seek any additional clarification after the meeting, please contact us.

Best regards

investorcommunications@kerogencap.com

Email sent.
Also added Kerogen in Cc.

Some links found but still unsure how all the DCU will be taxed.
CG14850P - Capital Gains manual: introduction and computation: computation: deferred consideration: contents
https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg14850p
CG14940 - Deferred consideration: unascertainable deferred payments
https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg14940
CG14970 - Deferred consideration: unascertainable: future payments when received
https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg14970
CG14990 - Deferred consideration: unascertainable: tax cases
https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg14990

Mr Senseman is doing an excellent job here.
Wake up man.