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Apologies - you are correct in that they are not RNS’s!
There may be a distinction in the last announcement between notifications to shareholders and notification to brokers. Brokers may well have had notification - e.g. Lloyds per JDentist. But the planned shareholder direct contact has not commenced.....in which cases the RNS's are factually correct.
Good that Bank mentioned. He now has no wiggle room so likely a case of when not if.
HIS - really - thats the enhanced element only as referred to in prior updates....
Some interesting points. Agree ref capex - for everything its a fair amount. Apparently though there is appetite in the bond and equity markets.
I though we had two months left in Q1 and not one. In any event PA has not said Q1 2024 to my knowledge but the company have said early 2024. Clearly investors hope its Q1.
I'd be interested to hear about the list of refineries that are in the similar market so that we can look at their profitability - plse post
“Return of capital payment due” that’s a strange term…..hmmm
ART - do you never get tired of your trading strategy? Its unbelievably transparent so no one pays attention. Some people do post genuine bear cases but you just make stuff up - incredible.......and from your perspective a complete waste of time.
If you are trying to lower the price then at least keep your rationale factual - your problem is you have zero credibility.
PoC - 1) they dont award themselves the shares - the remuneration committee made up of non execs do (who by the way are incentivised with options on a successful flow test). 2) they have to declare their holdings and declare seels so the market will know if they dumped. Think.
......and had they been awarded cash that would have been another £250k out of the business. If they are entitled to the award (we can all have views on that) then taking / being given as shares is clearly a vote of confidence in a successful outcome.
...and whilst I don't necessarily agree with bonuses being awarded pre revenue etc - they are contractually entitled to it. The good news is they have decided to take in shares rather than cash........which they clearly believe will go up in value
So many things incorrect in that post from ART:
MOU1 classed as a discovery in CPR - not a duster
The remuneration committee, which currently comprises Alistair Jury and Carl Kindinger and
has the primary responsibility for providing a formal and transparent review of the
remuneration of the Executive Directors and senior personnel and makes recommendations to
the Board on individual remuneration packages. The committee meets twice during the year.
What a complete idiot
......so per predator presentation a 34 cfg/day generates POST TAX profit of £66m per year. So based on pure extrapolation that is £97m per year based on 50cfg/day.......put a multiple on that and the MC would be pretty high.
Until yesterday this was all conjecture. It still is until flow tests but if positive they now have an MOU with Afriquia Gaz who are willing to take the gas. Can't see them entering into an EXCLUSIVE mou if they were not positive on the outcome........but still folks on bulletin boards know better
And what would be your cunning plan shortshrift? Employ permanent staff at full rates when there is at present no cash generation? Not sure I would want you at the helm. Surely better to conserve cash and contract to specialist for the time that they are required? BTW its at least 3 (Moira).
Looks like the regulator caused the latest small delay. Think about it - are you really going to issue an RNS stating that teh regulator who is also your partner ballsed up? Maybe you would - good luck
At least we have the explanation for the delays which puts to bed the speculation which I think almost all on here got wrong - says something about the value of conjecture on these and other boards.
That said we now have:
1) dates for testing........which has to be completed by 5th Feb 2024 as that is the extension date (unless I'm reading it wrong).
2) an MOU with a reputable offtaker to take upto 50m cf/day.......the original plan was for 34m cf/day....with a potential future dated extension to 50.
3) Independent report on Cory Moruga production / revenue profiles by end of 2023
Strikes me the only negative is a couple of months delay which is now down to circa one month.