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Can't respond on your meat allegation, but the quality of food in general that I see whenever I'm in the EU is far higher and usually cheaper than the stuff available here. It's a real pleasure to go shopping there, most of the time.

Getting a good deal with the EU would be fabulous. It would be a huge boost to the UK economy.

So yes to that. As soon as possible too.

We could have some good quality food back too, wouldn't that be great.

Sold, not necessarily 'Dumped'.

You seem to be implying some sinister association.

He sold 55% of his then holdings, and can I believe aquire more through options.

He still owns a considerable quantity of shares .

Good spot CAT5.
Totally agree and signed.
It's a defect in the system which should be resolved asap.

Mostly water.
This is probably true of many medications.
The active ingredients are often a very small percentage.
Just check your medicine cabinet.

If a contact isn't going to be profitable then they were right to decline a further extension.
They're still doing some of that work but more on their terms.
It's difficult sometimes to see the wood from the trees in this environment, after all the NHS is a huge entity, and the company is small.
Being selective and choosing your preferred contracts is the best way to play this I'm sure.

Disappointing, and not in the best interests of many shareholders.
We'll just have to take the money and go away I suppose.

It was informative on the new service except it's affect on the company and the bottom line.
Shame really.
I'm sure that it'll have a positive impact on the company.
Would be good if management could get out and tell us all what the impact can be.

All brokers seem to be reporting big changes since yesterday, when very little actually seems to be happening.
Very strange.

You're probably right GGG.
It's a shame that Canada has no LNG export facilities yet, and probably won't until '25, unless Cedar could get up and running before Kitimat.
I must admit that I was surprised that the capex on new wells is less this year than last. Maybe they're doing more refurbs?

I appreciate your reasoning on ramping liquids production GGG.
However if the outlook for gas is actually as gloomy as some are proposing (I'm really unsure about that), then isn't there a case to keep some dry powder available to pickup an opportunity which may come our way, especially with interest rates (remaining high for the near/middle future), driving some overextended company to seek respite.
After all, sometimes, cash really is King.

That is a good point TheT, although if you just want an income it's probably better in the ISA as you'll not be paying tax, (as you often will when you withdraw from a SIPP), and it's a lot less hassle and is far quicker to gain access (usually just an email or call, instead of forms and waiting time).

I don't think that GGG was proposing a gift of shares, more likely a sale at favourable price.
In order to gain traction in Canada and visibility with other investors.
After one fund comes on board others might well follow.

GGG You make a good point about involving a partner. Nine Point do have an income fund at 7% which would seem a good fit.
I would like to know the current cash position, if it's worth spending this on a further drill or two, the cost of rigs is going up at the moment so maybe worth getting ahead of increased costs. Could this not be done from cash?
With the oil price, hopefully, bumping up off a bottom the share price will probably rise accordingly.
I wouldn't want to see the company go to Canada though it must be something that management have looked at, especially with the North Sea future looking pretty dead right now.

I'm sure that people have discussed the possibility of moving the jurisdiction of I3 to Canada previously, and I have missed the arguments.
With the hostile tax regime in the UK, and corporation tax rising would it be cheaper and more effective to reside in Canada? After all that's where the majority of the assets.
The Canadian market would understand the company better than the UK currently does, and price the company more equitably.
Access to funds maybe better, though I'd rather see the company grow organically, unless there were a major opportunity, like that which brought us here originally.
Canada do have a more complex corporation tax regime though I suspect that on balance it maybe similar in effect or even better, perhaps only 10-15%. Difficult to be precise as there are federal and state taxes and exemptions.
Of course there would likely be withholding tax on dividends at (I think) 15%, although SIPPs maybe treated more favourably. To ISA holders this would make a big difference, and consequently not worth while.
Capital gains would be different,
For those who are bothered, the share price would probably be higher, providing a better defence against take-over.
It would be a lot of work, and management may well prefer to just get on with business rather than go through that sort of pain for possibly little gain, especially for us shareholders and dividend recipients.

I don't understand your maths GGG.
ISA is 20k. Or are you thinking of this year's and next?

How can this just go on and on?
Another extension!

Perhaps they're still checking it for errors?

I agree. On the face of it, this seems like a really good move for the company. I wonder how many British banks were in contention for this bank.

This is I think explained in the report p7.
The Ambition declared in 2020 was to achieve various goals including dividend generation of 5.6 - 5.9bn BY YEAR 2024.
Thus far declaring 3.3bn. Approximately 1.1bn pa, as in this year. Incremental at 5%pa.
Capital generation over the period targets 8 - 9bn. Approx 5bn thus far.
Nothing to do with buybacks.