focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Not many answers.
I have two major concerns here (aside from the obvious lack of compentance).
1) GR is supposedly taking half his salary in shares, why has there been no notification for this? What price is GR waiting for?! Given the price is at rock bottom, would he be willing to take it at a slight premium to restore investor confidence? Surely we must hear about this soon or is it just more hot air?
2) After the NewCo news was announced we were assured regular updates and communication with shareholders during a subsequent webinar. Since then we've heard virtually nothing except for continual delays regarding the government. So disappointing...
Yesterday morning you posted this: "JV discussions for RHA ongoing. Plan is for a proportion of RHA - taken from NIEEF - to be given to a partner for a lump sum and that this will be used as working capital where needed, across portfolio. In other words, RHA deal would bring on a reasonable amount of working capital - a lump sum - which would in turn support work on ZULU." My question is 'Why on Earth would an RHA JV partner be happy for their capital to be spent 'across portfolio' on assets that they have no interest in?'
Ah crap, knew I knew the name from somewhere and didn't bother to check! I'll file that under the 'sobering' list! Less than 20% could still equate to $166m though, although a win for us would be preferable!
Many thanks for that Jeremiah, I have seen several reports on ICSID cases but actually hadn't come across this one before so thanks for posting. As you say some reasons to stay sober! But, I also thought there were a few positives to take other than the non-disclosed awards and those settled out of court that may have yielded high awards if they weer followed through. Firstly, only two cases ever have a higher 'average claim (US$)' and realised $0, I found that encouraging (P.S: I assumed our 'average claim' to be $489m + £1,256m = $1,745m/2 = $872.5m). Secondly, if you look at section "6.3 Results by Damages Expert", Tim Hart has a pretty good record so I found that encouraging too. Also worth bearing in mind regarding this is that the report in pre-Yukos. I think it's safe to say that would be considered an outlier in this report too! IMO, there is plenty to be encouraged about following the Yukos verdict that of course isn't mentioned in the report. P.S: It'll come one day...
Me too, target not as high though! GL
Apologies - I can't spell!
MackinHay - me too - got £10k's worth at 164.46. Have read your posts over recent weeks with interst, keep them coming please! My target is 178-190, will see how it goes, going to try and trade this I think...! You got a target in mind?