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Contact your MP (especially if they're Conservative) I just emailed mine
(I don't mind admitting I cribbed most of it from the comments on DT article)
ref: North Sea 'windfall' Tax
To: alexander.stafford.mp@parliament.uk;
30/04/2023 18:21
Dear Alexander
I take issue with the ruinous so called 'windfall' tax (EPL) imposed on oil companies operating in the North Sea.
These are mostly smaller UK companies, without the means of the giant 'major' O&G Co.'s
Punishing them with massive tax rates only results in loss of investment, jobs and a viable strategic industry.
(if it's a windfall tax, how come it's been extended to 2028, when already oil prices are falling, and profits are much less now)
As regards the ECO credentials of such a policy, we will be using Oil/Gas for many years to come and,
increasing the import of both leaves us strategically vulnerable, and does nothing to reduce CO2.
Natural gas from the North Sea has an average emission intensity of 22 kgCO2e/boe;
whereas imported LNG has a significantly higher average intensity of 59 kgCO2e/boe.
This does not help meet the Government’s net zero agenda. In fact it's quite the opposite.
It nearly triples the carbon impact for every boe gas no longer extracted from home.
What we need is a sensible tax policy that encourages UK sourced oil and gas over foreign imports
best regards
(name witheld)
I've already voted with Halifax Sharedealing, against both options (court and deal)
They mentioned nothing about my vote not being counted, if they were the registered holder of the shares
-So is it correct ?
Copy by me too (I've emailed the court)
"
Just a copy and past from an earlier post from Johns.. I did submit an email myself:
So here is the email to send your objections to for the judge to ponder on whether he thinks this deal is fair to minority shareholders and make the subject line and heading of email the case number below. The Clerk in this office gave this email and said it would create a file for the judge to read at his leisure, so blow this email address up with relevant information guys
RE: Case number CR -2023-001420
chanceryjudgeslisting@justice.gov.uk
So be concise short-winded and make it easy for the judge to trawl through all the emails that are sent. On the voting court side of things each shareholder gets a vote per head rather than counted on share amounts as Senseman has just outlined from the meeting, there are far more of us than the institutional shareholders....
So our brokers would only count as 1 so I personally think ditch the brokers court vote and print off ( hur web site) and send vote manually by post to make sure we win that vote, thoughts/floors in this idea v.welcome if this will work ??
"
If there’s someone else sniffing around I don’t think Prax would be advertising it.
My vote remains NO - anything to contribute to a bloody nose for Maris, and reduce his bonus.
If successful how can we exert further pressure to prevent the board wasting ‘our’ money, maybe they vote themselves big payrises ? and waste costs on contracts with friends ?
Score:9
Just emailed and voted NO with Halifax share-dealing
good work
AIM travesty yet again !
They have nothing to lose going for it
Typical type of complicated deal cooked up by our board, who will retain jobs (and maybe increased ?sweetener salaries) going forward ??
Maybe designed to get lots of us to sell so that interested parties can hoover up the shares, thus making even more profit out of ‘our money’ going forward.“
Typical type of complicated deal cooked up by our board, who will retain jobs (and maybe increased ?sweetener salaries) going forward ??
Maybe designed to get lots of us to sell so that interested parties can hoover up the shares, thus making even more profit out of ‘our money’ going forward.
So before dilution approx. 120M shares, becomes 200M shares
That's some dilution
I still want to believe here but I guess the board are all on very high salaries / bonuses
Big question (as others ask) is will these batteries ever be profitable
The company could give us some early indications of ball-park margins without divulging commercial information
Some good posts on here this morning
Yes they need to get a grip on costs
How about a decision to temporarily reduce the biggest cost - excessive wages (Ramper Ricketts)
Oh too easy for them to keep coming back to us
YES 0
NO 8
That’s how I read it too scat. Wish I was one of the lenders to these companies.
On your point 2, well as the repayments start soon, at least I can imagine (hope) they know that there will be success and thus money coming in from the current drill to pay it.
What a bloady shambles
Well fatherelmer there’s your proof
and it’s clear it’s the Company who are
‘are all show and no go.’
Well that’s another one to the good
Orders being converted as was promised
A long time to make / supply the batteries though
1 year to supply then further year to monetise
- is that usual, or maybe they don’t want them too soon ?
Keep the faith
I love their philosophy on their holdings
It’s reads just like mine - I take a risk and hope it turns out right !
Well that's great news following on from the Investor Meet presentation
Having watched this for about 12 months have now taken the plunge and bought two tranches
Onwards and upwards in an investment which is right at the top of what's happening today
my shares are also delisted now on Halifax, so I guess they got to +90%
looks like we're stuck now until the sale is finalised and we get £1.05 per share
wish I'd never heard of blood. SGC like most of the other shares I've bought !