RE: A possible future23 Oct 2024 12:09
Finley, intelligent post: thank you. Unionjack, I overestimated you. Typical reaction of the standard punter.
My conclusion is that Navitas have Political Risk Insurance, taken out before Reform temporarily collapsed our parliament gifting Westminster on a plate to the far left and the sub literate. I mean haha, Lammy as Foreign Secretary. 'Men can grow cervixes', 'Marie Antoinette discovered Radium and Polonium', 'Henry VII was the successor to Henry V111'. Azerbaijan 'liberated' Nagorno Karabakh and did not brutally ethnically cleanse it.
Pure speculation but I wager, if they do have PRI, that the premium was $50 mil.
It is possible to take out PRI on private share holdings but the start point for a premium is 50k STG.
We may never know if Delek have PRI re Rosebank.
What is clear though is that with the raving, frothing climate is boiling wackos in Westminster new PRI contracts are difficult to initiate.