Mike GP - 16 Sep - "... who's the little tinker who has invested 9p to buy one share and start the rumour mill? Foxxy is that you being mischievous?" Aiming - 17 Sept - "there was a 1 code yesterday, the shares have tanked this morning on no news.....it's really here! we're going to be rich, rich i tell you!"
"but a lot has come from options" Has it? Even if that is the case, shares from the conversion of options still need to be paid for, they aren't free. How many options has he converted into shares Aiming and at what exercise prices were they?
Big, I can’t see MPS announcing fully operational if one of their main contractors is on probation.
Also, I can’t see WSG agreeing to go on unpaid probation for months on end, if at all, when it seems that MPS asked us to do the gig just 2 weeks prior to opening the new £1.5bn facility. If that isn’t a strong negotiating position I don’t know what is.
Very good points H&N. I think a lot forget that we had to emergency deploy to Ghana (those were Mark Hughes’ words if I recall correctly) to get the project up and running, no time to sort the admin of setting up companies, efficient tax structures and banking facilities to ensure that we can repatriate the cash flows efficiently beforehand. All that takes time, getting advice, putting actions into place. Until the right structures are in place I guess they can’t sign contracts anyway. Didn’t the last RNS refer to contracts ie plural?
Absolutely AIMing it would be in a separate group if it happens - set up new co - give WSG shareholders shares in new co and transfer German Co and contract into new Co. It’ll require shareholder circulars, so there is a cost, so I don’t expect that to happen until the Iran deal gets a green light.
Oh FFS, not this c*** yet again. Fowler was not paid £310k last year. As you clearly note yourself his salary was £157k. The majority of the difference is the fair value, at the time of issue, of the share options awarded during the year. That is a non cash accounting adjustment required by IFRS2.