Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
By all means disagree - that's 'discussion'.
However, climate change isn't a hoax, it's very real, as I've been studying it for decades.
What's causing it is debatable and natural phenomena are a part, but the main cause is too many selfish, greedy humans living lives which the planet can't support.
I posted a piece several years ago about how the 'experts' had got their sums wrong and no amount of cutting back of energy consumption would be able to stop the inevitable climate change.
There are just too many of us, most of whom have no intention of changing their ways (just look at the grotesque size and specification of the latest cars by comparison with a few years ago, the growing litter mountains, etc.) and there is no alternative ready enough to replace the use of fossil fuels, should anyone contemplate 'switching that off'.
Should anyone try that, the World economy would collapse with accompanying civil unrest along with anything caused by climate change.
My conclusion then was that fossil fuels are here to stay for much longer than anyone might think sensible, but that's the reality folks.
If anything, that conclusion is stronger now, as we see the chaotic implementation of the flawed renewable policies already beginning to unravel.
New UK wind and solar farms can't connect to the National Grid, perhaps for as much as 10 to 15 years in some cases, so the whole thing is a complete shambles.
In the mean time, we continue to fiddle while the World (including Rome) burns and SL will not just go ahead, but will actually be needed, however incorrect that may be to some.
So a €300 Million ICSID award, which is being meticulously and energetically pursued isn't enough for you?
So getting Navitas aboard, who are now energetically working to SL FID / Sanction, etc. isn't enough for you.
Maybe your gripe is that Navitas doesn't hold a press conference every other day to tell you that they have just dotted another I, or crossed another T, on their way to First Oil?
I'm sure they'd love your helpful suggestions, so why don't you give Gideon a call and ask him how much he's paid and why he isn't updating you every day. He might agree to give you his personal contact details.
'I don't care' and 'It is after all your choice to be a lapdog of Sam'.
Latics, a petulant reply like that only reinforces your immaturity.
It isn't Sam's decision what happens regarding SL and as we can all see, he's done an amazing job (with quite a bit of help) to with the ECT claim, having obtained an award that no one thought possible PLUS interest.
Just go away.
For posters who, I assume, wish to be taken seriously, please try to make sensible posts.
You should know that Navitas are now making the decisions, apart from the OM arbitration outcome and for that one, Sam has so far done a stellar job.
Aim your silly negative posts at Navitas please.
"So Ovets you agree with me No FID , NO OM monies next year?"
There is no reason to conflate these issues.
Assuming that the SL project continues as it is, FID will definitely happen in 2024 and possibly even before the end of 2023, although that's being optimistic.
There is currently no evidence that Navitas might change their mind and Israel has even more reason than most to want this to go ahead. They couldn't give a flying fig about climate change, by comparison with their long-term energy needs.
As for OM money, that's a totally different and unrelated matter, so should not be used to confuse people, except that RKH might decide to sell part, or all of the award.
I can see this saga going on for some time, but with every step in the right direction (e.g. lifting of the enforcement stay), the award becomes increasingly attractive to potential buyers, with a corresponding reduction in the sale discount. RKH might prefer to sell the award in order to save having to raise funds. I'm pretty sure Sam would prefer to receive the full award and Harbour may have something to say about it being sold at a discount.
So I think your black & white view is unduly pessimistic and like everything in this World, shades of grey are more realistic.
I'd add one more thing: Putin's invasion of Ukraine came as a real surprise to most observers and certainly increased the chances for SL.
Who's to say that something else might happen, which will affect the outcome of all this, either positively, or negatively.
To make statements like "So Ovets you agree with me No FID , NO OM monies next year?" in this crazy World is in itself crazy.
Anyone with any legal experience knows that having to resort to taking anyone to Court, or in this case to a tribunal, is going to be an uphill struggle. The sort of people you have to take to Court are usually the ones who don't want to pay-up and the Italian State must be one of the worst.
Anyone who knows anything about the Italian State knows that while Italians can be charming and their pasta and puddings great, they'll wriggle like hell to avoid having to answer to a claim and even when they've been found guilty, or in this case, lose the claim, they'll continue to wriggle until they are forced into a corner and even then, they'll continue to wriggle.
1. RKH, K&S and Harbour all knew this BEFORE embarking on their ECT claim route. They knew that if they ever got an award, it would probably take enforcement to obtain the money. I bet that none of them ever thought they'd get an award of the magnitude they have and I suspect part of the reason for the large award is because RoI got up the tribunal members' noses by their incessant game playing.
2. If you didn't / don't understand that, then you're wasting our time with your waffle about how long this is going to take, which we all knew yonks ago.
" As evidenced by them getting away with ignoring the edict to place the money in an escrow account".
I think the Ad Hoc committee asked them to reach an agreement with RKH, which they failed to do, NOT "to place the money in an escrow account", although that would have been the likely outcome.
Try to get your 'facts' accurate please.
The market "may not believe it" yet and you may not believe it yet, but to use that logic to say that over the last 10 years there hasn't been any change is like saying I've been fast asleep with my eyes closed for 10 years and therefore nothing in the World has changed in that time.
"weather changes and it’s not changed that much at all and we are not under water".
That's probably true for someone who's reasonably well-off living up a hill (away from flooding) in comfortable Harrogate, or some other pleasant leafy place, but I suggest you say the same thing to someone currently experiencing nearly 50 degrees C for several weeks, or where sea levels have already risen and continue to rise.
You'd be told to go back to Harrogate and take your arrogance back there with you.
just to add - take plastic, for example. most of us assumed the world is so big that another *** end, or another plastic bag thrown away didn't matter.
now we know that's just not true and every little bit of junk thrown away by 8 billion people eventually becomes a vast, universal and unmanageable pile of rubbish.
same goes for co2, methane, etc., etc. if you don't understand that, then your opinions about rkh, sl, om award, etc aren't worth listening to.
Nastynick, there's always going to be differences of opinion on this, and I'm very well aware that climate has always changed, with, or without human help.
It's quite possible that some of what we're seeing is entirely natural, but what's beyond any doubt is that humans can't keep chucking unlimited amounts of CO2, plus being the cause of the release of vast volumes of methane, plus many other pollutants. without there being some adverse consequences.
You believe what you like, but there is no doubt that human greedy and selfish activity is having its effect on the planet.
There are just too many of us for our planet. It's just like cramming hundreds of people into a house built for, say, one family. You might get them into it, but its resources can't cope with the demand without things going wrong and life becoming difficult.
LTT, anyone who thinks oil & gas are finished is in a dream World.
Despite what some here say about the Climate Crisis being some sort of scam, there's no doubt at all that climate IS changing, largely thanks to Human selfishness and greed and it also looks as though we're not going to meet various commitments to reduce emissions.
Nonetheless, without oil/gas, the lights won't stay on there isn't time to build renewable and nuclear replacements.
Humans, their experts and Governments have got their sums wrong, which they're now having to admit, with population numbers increasing relentlessly.
Yes, it is a big worry for which there are no easy answers, but oil & gas are going to be needed in substantial quantities for a long while yet.
Decidedleaverage says: "I think not. RKH have been at this stage foa a decade and have got nowhere. I fail to see any change".
If you're referring to the OM award, then you couldn't be more WRONG, as over 10 years ago RKH hadn't even thought about even taking any such action and now they have an award of over €200M plus monthly interest of about €1.5M. So why do you tack your comment to the end of your bit about the conclusion of the OM award?
If your comment applies to SL project progress, then WRONG again - in those over 10 years, PMO and HE have come and gone, having shown complete inability to run such a project and walked away. Whereas Navitas, are really getting their teeth into this, with no sign of giving up, or being overwhelmed, as well as inheriting all PMO's work, which must be saving quite a bit of time / effort / cost, even if some of it is rubbish.
If your comment applies to the relationship with FIG, then WRONG again. During those 10 years the FIG Chief Executive told all oil company staff to 'bugger off' if they didn't want to do things his way, which, of couse, they duly did, whereas this year you have Gideon Tadmor going to the FI to sort out details with FIG, which they're doing - they didn't tell him and his Navitas team to 'bugger off' did they?
So Decidedleaverage says "I fail to see any change". Well, Decidedleaverage, where the hell have you been during those 10 years, when all this has been going on?
Stillneedoil, I can't agree that "The above is also petty name calling and demeaning", as those named do intrude on otherwise reasoned discussion.
If anything, they are the ones who disrupt this board, particularly with unreasoned, unsubstantiated drivel.
Differing opinion is essential to a discussion, otherwise there wouldn't be much of a discussion, but the likes of Decidedleaverage and Latics post statements that are not supported by any facts, or references whatsoever. When asked to produce some evidence, they refuse to answer except to become abusive.
That's NOT discussion.
Decidedleaverage, I have no particular allegiance with RKH and its management, except that as a shareholder, I wish them to do well and certainly better than they have in recent years.
I must correct you on one VERY important point: It wasn't RKH and its management who have 'cried wolf' as you put it, but the likes of Tony Durrant (PMO's CFO and then CEO), who made numerous announcements (usually in interviews and unofficial statements) about FID and SL project progress.
None of his predicted events (which had a dramatic effect on the RKH sp) ever came to fruition.
PMO just weren't up to the job and eventually went under because of excessive debt - something that hasn't happened to RKH, has it.
Harbour Energy (PMO's successor) weren't a lot better, announcing that SL was part of its Worldwide expansion strategy, even including maps of SL and the FI in their publicity. As with PMO, none of that materialised either, with HE finally giving up altogether.
You really cannot hold Sam Moody accountable for the PMO's dismal performance and HE changing their minds.
I expect you'll find that RKH and Sam in particular were as fed up as the rest of us.
I would add that Sam Moody has been extremely careful NOT to make unsupported and misleading announcements and promises. I would say that he has certainly NOT 'cried wolf'.
If you believe differently, then please give JUST ONE example where he has.
Now things really ARE happening, but unlike with PMO & HE, Navitas don't go around making meaningless, misleading announcements and promises.
If you still have a gripe, I suggest you have a shout at PMO and HE, while leaving RKH and Navitas to get on with their work without unnecessary distractions.