Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
We should have realised after seeing that Cole has failed in every directorship he has held that XEL would end up like this. Sadly for the BOD there is now so much hatred towards them that you'd have thought they'd have fled the country for the safety of themselves and their families. Their main worry now must be physical assault followed by financial assault as we crowd fund legal action against each one of them.Divide and slaughter of the Bod. Thank god for HUR and SOU for making up my losses here, ran by true professionals rather than conmen. OIMHO
I'm sure Statoil would love to get their hands on that 450 million tax loss along with all the other tax incentives that XER/XEL have signed off and ready to go. That is one reason why if they are interested at all to make a move now. I'd love to know what the OGA have planned for their wonderful Quad 9 heavy oil hub if like you say no one seems interested .Very embarrassing for Andy Samuel.
It's hard to see shareholders getting anything worthwhile whichever way it goes. I am finding the silence from the BOD deafening. You never know Cole could perform a miracle and announce a deal with Statoil offering the minimum they can get away with based on the last 12mths shareprice.!
Totally agree Cyan2. Liquidation/Admin really is mutually assured destruction for the BH's and shareholders. But with shareholders having so little to lose with 1.5% or 0% options, its up to the BH's to improve the deal. Losing the tax breaks on 450m expenditure would be madness.
Cyan2,am i right in thinking that any tax offset from the XER 450m expenditure on Bentley could be inherited by a purchaser now but would be lost in the case of say Statoil pick up the pieces in liquidation?
So XER have spent $450 million in getting Bentley to its present stage.Am I right in thinking that if there was a takeover then the new owners can use this to offset any tax payable on their profits.But if we go into receivership this benefit will be lost?
OK looks like this is getting real so email is: michael-e@orange.net Please send: nickname - name - no of shares owned Let's not let them get away with giving us 1.5% ... it's a complete joke and an insult!
Overman,it means the BOD can carry on the lifestyles they've become accustomed to, at least for a short while.
Cat,I think $10m tells us that the BOD will be involved to some extent, if it goes through. You have no idea if the BH's removed Kew so do we disregard the rest of your postings because of your assumption? Of course we don't, that would be childish.
YES vote wins.. Shareholders get next to nothing. BOD happy, the gravy train rolls on. BH's happy ,money back and some. Statoil happy ,Bentley for peanuts. OGA happy,Quad 9 goes ahead. No media coverage . NO vote wins.. Shareholders get nothing. BOD unhappy,unemployed and unemployable. BH unhappy,plan failed and money lost. Statoil unhappy,plan failed and lost money through their BH'ings. OGA unhappy.Quad 9 launch delayed/cancelled. Lots of media coverage. Take your pick shareholders!
If there are any paid posters on this board at the moment then I would suggest their aim would be to encourage a YES vote or not to vote at all. Perhaps you could explain to us all the benefits of voting YES?
The BOD and BH are pushing us over the cliff so may as well grab em and take em with us! You seem to be working very hard on this Jonjo and you're not even a shareholder? What are you... bored or paid?
If it goes through they will not be called to account. XEL will just fade away as we will all just give up ,Cole and his BH mates will have won. We will not get a penny from our 1.5%. Vote NO ,nothing to lose and screw up the plans of Conman Cole in the process.
Jonjo,I honestly don't think we will ever be able to bring the BOD to account after the event. That takes lots of time, effort and money and fighting most probably a multimillion pound oil company. At least at this juncture we have some power and can make the BOD pay in some way for their sheer incompetence.As far as losing all the assets in liquidation,the PI loses them if this gets voted through so what the hell!
I would suggest your reply is idiotic as is your spelling. The vast majority of shareholders will in my opinion be voting NO as they now have very little to lose. So voting NO may get us a better D4E and if not liquidation screws up Cole and his $10M spending.What does voting YES give us...F.... all and and Conman Cole still gets paid. money.
Keep your shares and vote NO at the EGM so hopefully we can force a liquidation and take our chances. We've all been victims of Conman Cole so the least we can all do is screw up the finale of the 2+ year plan he has hatched with the BH's (most likely Statoil). If he couldn't get a deal for 1/4 billion barrels of 1P oil in the North Sea for even 1-2 dollars then he is either the most incompetent clown to walk the face of the earth or as I suggested a simple conman.