Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Straycat.
I think the DTR5 FCA rules apply to reporting Holding Rules in the event of a Takeover.
https://duckduckgo.com/?q=DTR5+Rules&atb=v182-7__&ia=web
Sorry I have made a mistake.
The Capital Investment Transaction occurred on the 2nd January 2020 and Fidessa shows the 2nd January 2020 trades as being a total amount across all Venues as 1,278,563.
Capital has sold 7,877,671 shares and from the 18th December to the 2nd December only 5,170,674 shares in total were traded, which IMO does not indicate that Capitals 7,877,671 Shares were sold "through" the Book but instead indicates that the 7,877,671 Shares were sold by Private Treaty.
Bugsy911 . . The GKP Share Register whose Registrar is ComputerShare contains "every" Share and in what Nominee Account it is held at the end of every day.
The last Register I have cost me £90 and an up to date copy can be obtained through GKP or ComputerShare
Memory flash
According to the GKP Bye Laws any Person or Entity holding over 0.25% of GKP has under said Bye Laws to notify their Holdings to GKP
https://www.gulfkeystone.com/media/121680/GKP-Bye-Laws-amended-21-June-2019.pdf
168. DISCLOSURE OF SUBSTANTIAL INTERESTS IN SHARES
Bugsy911
"So when will we know who the new owners are Mikey will they have to rns he purchase?"
The "only" Entities that are "compelled" to report their Holdings are Entities which are Registered with SEC.
If the Buyer is an Entity Registered with SEC and they have gone "above" the 5% Reporting Threshold.
After the 5% Reporting Threshold has been passed then as each further 1% is crossed they have to send in a RT-1 report to the Share Issuer who reports the News to the Market.
Entities such as Hedge Funds, Private Banks and other Private Entities "are not compelled" to report their Holds.
Capital sold 7,877,671 Shares leaving them with 10,815,457 (4.9415%)
There will be many that either don't grasp or understand or simply don't believe the following.
When an Institutional Investor Registered with SEC sells an amount of Shares which causes a change of Holding through a Threshold change, then the Institutional Investor "is compelled by the FCA" to report the change by TR-1 form . . >WITHIN< . . 3 days
From the 23rd December until the 3rd January . . (6 days) . . Fidessa shows that only 6,145,610 trades occurred which proves that Capital Research sold their 10,815,457 by Private Treaty.
Even going back to the 18th December which is . . NINE DAYS . . only 9,954,955 had been traded which confirms the Trade happened by Private Treaty
https://www.screencast.com/t/QQY7rhyRJOO
And as the 10,815,457 represents 4.9415% of GKP current Shares in circulation, the Buyer is not compelled to Report their Holding.
Fridays Buy Back RNS has the figure of 218,868,580 Shares in Circulation which differs to the RT-1 's . . 218,720,847 being 147,743 less . . . (is todays Buy back 147,743 ??)
https://www.screencast.com/t/tvudaahT6g5X
The question now is . . . which Entity is the Buyer
"Mikey, shouldn't the SP be rising once the insti's are off loading? I get confused."
C0ckeye.
What happens to the Share Price when Shares are sold depends on "how" the Shares are sold.
Under the Sec Rules Capital Investments "cannot" sell any shares themselves, but instead have to employ a "go-between" who are the Designated Market Makers sat on the Book.
A DMM has two choices to Sell Shares
a) through the Book, which if 10,815,457 was sold through the Book would cause a rise of IMO 20p . . . and as no such rise occurred
b) to sell by Private Treaty directly to another City Enitity like Taconic did.
IMO the sale happened by Private Treat "off" the Book
I will take a look at the Fidessa website later to see if 10,815,457 trade went through the Book on any other Exchange, if not the 10,815,457 was sold by Private Treaty
Point . . After a sale of Shares has been reported . . . the price always drops in sympathy
And from my info Kurdistan fell in line with Iraq in 2016-17 when it was ratified by the Iraqi Parliament, which is why the initial FDP was "not approved" and still has to be resubmitted to include a long term plan to cease Gas Flaring from Shaikan before "approval" is given.
The no Gas Flaring Initiative began when Norway and the World Bank held a conference Oslo, Norway, on April 15-16, 2002.
file:///C:/Users/User/AppData/Local/Microsoft/Windows/INetCache/IE/HJAFI4AC/272750global1g1tiative0Report0no-01.pdf
Since April 2002 the Initiative has, albeit slowly at first, gained strength as more and more Countries and Oil Co's have joined the Initiative, and a significant reduction in Flaring has been obtained.
Iraq joined the Global Gas Flaring Reduction Initiative in 2011 (the second country after Qatar) and created the Basra Gas Company (BGC) in 2013 to capture, process, and monetize associated natural gas from its giant southern oil fields.
And from my info Kurdistan fell in line with Iraq in 2016-17 when it was ratified by the Iraqi Parliament, which is why the initial FDP was refused and had to be resubmitted to include a long term plan to cease Gas Flaring from Shaikan.
file:///C:/Users/User/AppData/Local/Microsoft/Windows/INetCache/IE/F8MHSUC7/SG-PRW-PID-CP-P162845-03-22-2017-1490202625530.pdf
If one checks back through the pre 2012 Presentations and RNS releases, one will see that GKP mentioned in those RNS releases , that it was always planned to re-inject the Gas from the high pressured Triassic and below into the higher reservoirs, as a means to assisting the lifting of the Oil in the upper Shaikan heavy Oil reservoirs.
https://duckduckgo.com/?q=when+did+iraq+join+the+no+gas+flaring+initiative&atb=v183-2__&ia=web
Evening CCC.
It appears that Surreyscot has the same illness that effects a certain ex cricketer who is barred from 2i and here, and from Surreyscots posts it looks like he is in the same mould as him as well
CCC.
You're wasting your time trying to get SS to admit he's wrong.
He will wiggle and squirm and try to turn his mistake back on to you
When that fails he'll just call you a troll or accuse you of being a member of someone's GKP deramping crew
I don't take any notice, read or listen to any car part salesmen or down in the heels ex washing machine salesmen, or for that matter any nut case university professors or to unproven ex-oil worker who pretends to be "in the know" more than any other PI, or is insinuating that GKP or any company is sold when it clearly is not.
As for The Minotaur and any of the other old GKP Rampers . . . they had everyone for mugs . . . and while they where pumping 8 quid from the rooftops . . . they quietly sold their Shares over 400p Feb 2012 . . . then simply melted away off the Forums to spend the Profit they made off GKP.
So if you still believe any of the above one way of the other . . . I respectfully suggest you need to seek medical advice.
Instead I read the RNS News, through which, it is compulsory for all Listed Companies to report Offers or Change of Ownership when they occur, and also to report News that is required to be Published under the London Stock Exchange Listing Rules and the Market Abuse Regulation (EU) Rules.
Two copies I suggest you read carefully before insisting that GKP could have, can have, has been or is being sold secretly without Issuing an RNS
See you next Christmas
I don't take any notice, read or listed to car part salesmen or down in the heels ex washing machine salesmen, or for that matter any nut case professor or to unproven ex-oil worker who pretends to be "in the know", or is insinuating that GKP or any company is sold.
As for The Minotaur and any of the other old GKP Rampers, they had everyone for mugs and while they where pumping 8 quid from the rooftops, they quietly sold and melted away off the Forums to spend the Profit they made off GKP.
The above pumped GKP for personal gain, so if you believe any of the above one way of the other, I suggest to seek medical advice.
Instead I read the RNS News, through which, it is compulsory for all Listed Companies to report Offers or Change of Ownership when they occur, and also to report News that is required to be Published under the London Stock Exchange Listing Rules and the Market Abuse Regulation (EU) Rules.
Two copies I suggest you read carefully before insisting that GKP has been sold secretly.
Quite true CCC , but so is the opposite. I.e there is no indication that GKP is NOT sold. This is YOUR opinion only , its not a fact.
Is GKP still "independently" listed on the London Stock Exchange . . . . . . . . . . . . . .Yes
Is GKP still listed on the London Stock Exchange under Oil & Gas . . . . . . . . . . . . . . . .Yes
Is GKP still "trading" & listed on the London Stock Exchange . . . . . . . . . . . . . . . . . . . . Yes
Is GKP still listed on the London Stock Exchange under ISIN BMG4209G2077 . . . . . .Yes
Is GKP still listed under Trading segment SSMU on the London Stock Exchange . . . . .Yes
Is GKP still listed on the London Stock Exchange under SEDOL BYVGFL0 . . . . . . . . . . . .Yes
Are GKP's Shares still listed on the London Stock Exchange . . . . . . . . . . . . . . . . . . . . . . . Yes
Are we all still posting on the London South East Gulf Keystone Petroleum Forum . . .Yes
Is the ADVFN GKP Forum Page still running (Not looked) but as folks still refer to it . .Yes
Is the Interactive Investor Gulf Keystone Petroleum Ltd Forum Page still running . . . Yes
Has Gulf Keystone Petroleum Ltd or the London Stock Exchange published a RNS telling the
Market that Gulf Keystone Petroleum Ltd was bought out . . . No
Has Gulf Keystone Petroleum Ltd or the London Stock Exchange published a RNS telling the Market that Gulf Keystone Petroleum Ltd was bought out by secret treaty or other dastardly means . . . No
https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/BMG4209G2077JEGBXSSMU.html?lang=en
www.screencast.com/t/rR22CbnnQgo
Has Proof of Gulf Keystone Petroleum Ltd existence been posted. . . . Yes
Then it is a "FACT" that GKP has not been sold and is still trading . . . which is NOT an opinion but a plain simple FACT
www.screencast.com/t/o1d0IrJ3j
Between the 18th December 2017 and September 2018 the SP rose to 302p
After c. thirteen months "why" did the SP suddenly start to rise ???
October 2016 until 18th December 2017 the Share Price was doing the same as it is today, a little bit up then a lot down as Institutional Orders were filled.
For anyone checking the Morning Star website between October 2016 and December 2017, one would have seen GKP with just Capital Investments holding Shares . . . then by December 2017 one would have see dozens of Institutional Investors holding GKP.
It is not rocket science to realise would had been going on between October 2016 and December 2017
What happened in-between the two above dates
And what happened after the 18th December 2017
Do you know how it works . ? ?