Member Info for NelsontheDog

Not sure why you were triggered by this RNS 5to.

I read the following into it.

1. Good shareholder comms - They are keeping us up to date as we roll out the quarter.

2. "If the efforts at settlement prove ineffective, IGPL will promptly deliver a notice of arbitration to GoI" - so there is a comms channel in play otherwise the NoA would have been issued. Whether the comms channel is real and has the possibility to lead to an agreement, or just a correspondence rebuffing it over a time period we cant know, but something is happening. I suspect the latter and for me, the tone of the note also infers this, but good to see they are taking the time to update in some manner that they arent asleep at the wheel.

Thank you Pip and TTT

Replying to myself - this is the timeline of activity - which ones are needed to allow peeps to use this?

https://pendulumchain.org/

That is good to see. What flumoxes me currently , more than the timeline vagaries is which bits of the track need to be put in place so a train can run down them as intended.

Can people now use Pendulum for forex style moves or do we need dtransfer / others?

In other words, what else is needed for this to become a real usable thing filling a need? Anyone any ideas on the steps - i wouldnt ask for timeline unless you are feeling very mystic....

Tried to sell a trading tranche - when buying at 5.1 - offered 4.75 - so MM giving a v big spread on that last rise - too big for me so that tranche still snuggled in with my main holding.

Wow indeed - wasnt expecting this but very welcome. Lots going on, back to forward facing opportunity. 5 p this week would be incredible

I think like all good finance people, the finance man is quietly effecting change to strengthen the ability of the company to transact its chosen strategy. A good finance person makes the CEO look good - its the proper team. FD Impact - The sub boards per country ensure each element of the growth has a clear lead, the centre can then distribute capital and wider resources as it sees fit to drive the overall growth.

FD's dont show you where to go or even necessarily the vehicle to get there in, but they do typically ensure there is a road that can take the weight of the vehicle to the place you say you want to get to. So far I am v happy with FD on this basis.

Agree - and the removal of the CLN's removes a red flag from the share for potential new investors - so called death spiral financing is removed. I hope we see an adjustment in the price accordingly from here.

Prospecting probably the wrong description of the firm, but not necessarily of the activity about to occur in this onshore drilling programme. Drill.

Loukos drilling was expected to commence by end of Q1 with a further update due - getting very very close to that timeline. We should get news this week even if it is to push back expectations on this element.

Loukos drilling starting I would hope provide a speculative position on the stock and lead to a little renewed interest. Having held this now (in two bouts) since pre Anchios drill, I would have to say that for a prospecting oil company, drilling is a few and far between activity to date. However I do think there remains a super positive outcome here but for the love of all things but most specifically my sanity and patience - DRILL!

Shre prices often reset to the raise price - I believe that the raise price here is at a premium to current share price at 0.017 - therefore maybe an upwards tick? 0.017 still a long way off the NBV here so still not great news but maybe explains the lack of excitement / disappointment.

Thanks Hog Bog - I wasnt following the twitter account - I am now.

NtD

I hope the co-founder at Tassi doesnt leave, otherwise they will be sans Francisco,....sans Francisco, hooooooo!

...sans francisco. its been a long week...

Well, have a good weekend all.

NtD

Sorry Gallmat - Can you clarify Digital at end? Not sure I follow that point.

NtD

Yes

The only nugget from todays report that might not be a lump of turd - "Nabla launching Soon".

Otherwise pretty poor as expected - personally I am not selling here - until later in the bull run for cypto anyhow.

Very depressing to re-read impact of Dynasty - not just their business but also the dilution of Bluestars stake to only 2.3% if all options and warrants are taken.

I will await a Satoshi pay sale update but depending on Nabla launch that may be it for me.

Any settlement prior to auction I would expect to be at the lower end, but in an arbitration process I would expect the $1bn to be nearer the mark but possibly below the number.

I would take you hand off for $250m net to PAT prior to any auction process - money now outweighs the promise of higher gains later. I would love to know if India or GoR have blinked at all - my expectation is that I dont expect them to - however they may get better bids in April if they agree a settlement first - just starting that engagement would be massive news.

If there isnt a claim registered this month, my personal assumption would be that there is some discussion on settlement somewhere via some back-channel.

The joys of speculation and the ongoing acquisition of investor patience for me!

GLA

NtD

Good Morning,

I am not sure what the purpose of this review announcement is for. Is it a genuine first step to splitting the Chariot business, or, a buying time ploy for AP - review gives him time to get closer to gas, which he can then use to fund transition business. I feel this is AP's baby and I also think it is a large part of the share price suppression - even when/if we get cash inflows from gas, where are these going? back to SH or to fund a future energy business. Its the lack of clarity on return hurting Chariot.

I like both businesses but would prefer a split as I think the market would uplift the gas business as a result.

Interested to hear other views on this.

NtD

Better than they had braced me for in terms of the Slawson weather impact. The BOD imho communicated this element well and the fact it didnt blow out the forecasts shows prudent planning by the Finance team. Bodes well.

In terms of Paradox, I assumed in the last comms that the gas negotiation was with the pipeline and not to do with the upgrade / refurb of the gas plant itself. 16 I recall (apologies if incorrectly) sits close to the pipeline. I wonder if that could be directly attached? However my rolling assumption is that they want to test 32 new well prior to any refurb contract in order to get right scale of work carried out - no white elephant or flow restricting impact. Slower but again more prudent from a finances perspective.

Hopefully Slawson wells now back on full production - I still have a sneaky viw that we are banging our head against cashflow constraints in short term planning.

GLA

NtD

I agree Slugmum in terms of the interview - we need a business interview rather than a concept interview - that would lead more to timescales, and delivery discussion. I had a real Slug moment when they offhandedly dismissed the timelines as conceptual and they always move. If you dont respect your time, your staff wont either - slips happen but when it slips, someone should feel the pain of the friction burn, otherwise slding is fun!