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The injunction is required within 3 months of the event, the rig contract with Stena was signed in May. IceMax rig was listed as one of the options therein. This process is time barred.
Good luck working that short Harry, but honestly if this is your best patter I would get a new day job.
Yes Harry, it is the pedophile ring of satan worshipers telling lies, not a simple commercial reality.
Would love to know what people do for a living , would make reading their bull**** more informative.
The CLN holder has, notwithstanding the threat if injunction, just lent a substantial additional amount under the CLN.
That my friends tells you everything you need to know about the challenge.
SC and ST you are spanners.
My god you are dumb, you wonder why Neil would share the letter with the QC? He is a ****ing journalist you bean head. He literally gets paid to create a story. He is not some messenger boy for BPC spreading love. Are you really this stupid, wait no need to answer that because you genuinely thought sending that **** poorly written note would reflect well in this situation on either investors or the company.
People will leave you and SC alone when you grow a brain and keep out of the companies public relations.
Looking at the balance of votes for comments, the concensus appears to be SC is a narcissistic plank suffering from the delusion that having bought shares he somehow has a right to become press secretary to the business, or indeed that he is acting like some philanthropic activist investor in trying to provoke the company into issuing RNS's to feed his addiction to news flow. If there is a statement put out I would hope the company distances itself from you and your arguments, which are as noted before are something of an overcooked baked alaska.
By christ, Dad's Army for investors on here isn't it. Captain Manwearing and Pike doing their level best to help whilst completely oblivious to the carnage and damage they are doing.
To think they try and justify it on the grounds it may push the company to react and issue an RNS.
Do you pin heads really think your goldfish like attention-span deserves nurturing whenever you so desire. Get over yourselves.
Starchild that was dumb. Not only were your arguments about as well constructed as a losing bake off cake, but you basically gave the man grounds to go to press again and fan the flames further. Genius selfown.
Note Bahamas law is derived from UK.
www.landmarkchambers.co.uk › ...PDF
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Time limits and service in judicial review and statutory challenges
LOL love it, we are not late, you are early... priceless.
Having been invested since 2009 ish, I think I can safely say that their objection is being brought very very late in the day.
Firstly, I have the position I want here, and I think this share will tip into the £ territory when the tangible contracts are announced, however this is a rise on assumed gains which have yet to be materialised in the shape of actual contracts, i.e. this can go as easily as it has been gained.
Feel free to prematurely assume you are over the hump, I personally think there is someways, and some doubt to overcome before that happens.
Regards to the shortfall, guess you are right, they are just making it up and the press are exagerating when our troops deploy and have serious shortages of basic equipment.
Nevertheless, I come back to me earlier point, this company can make serious gains and has the right team in place to do so. Whether that is ship building, or in the longer term renewables based we shall see.
Guys, quick sanity check, worth keeping in mind that this boost barely covers the shortfall in current funding, 13bn. Not my words, but those of the MOD. After that they also want to fund and develop a Space Command and a special Cyber defense unit out of the monies. Bottomline, I am sure there will be contracts, but I would not get overly excited about this announcement in and of itself.
I think much more likely that an announcement will come in January when Break**** having been completed Boris feels he has freer reign to stuff money into whatever direction or pocket he wants.
Great if you are invested here, because evidently our man at the top has some good ties with the tin pot dictator that is Boris.
In the run, what Covid, Brexit and Boris have demonstrated is that there is literally no system of checks or balances in our Government. Track and trace being a prime example, but the list is growing fast.
Sorry but not, the company does not need to spend time or energy on distractions.
If you are so worried for spurious threats of injunctions you should not be investing in oil.
The company also does not need to worry about short term price fluctuations as they are not here to fluff day traders.
The company need only to focus on delivering real shareholder return through execution of their strategy, thats it.
Rob you are a deramping plank.
If you want to seek an injunction you are required to act with speed and urgency, failure to do so will be view as grounds for dismissal by the judge. In this case the plaintiffs clearly have not, and more over have timed their appeal to try to cause maximum damage to the business.
Notwithstanding that, if the injunction is granted, the applicant will undoubtedly be required to give a number of undertakings to the court. These will usually include the applicant making a cross undertaking in damages, whereby he undertakes to pay the respondent damages if it is subsequently established that the order should not have been granted. Depending on the circumstances of the case, the damages awarded under a cross undertaking can be substantial. Prior case law on cases such as this which were presented in a timely fashion required substantial security deposits in respect of said costs.
In this case that would include the full cost of the delayed drill and damages sustained. They will not have the minerals to back that.
Keep going Irene I too would like a lower price point to buy in from..
There is case precedence in Bahamas I refered to before where the plaintiff was ordered to put up security for the legal costs of the defendant, which ran to 500k.
And the same case found as you note above, the company were and indeed had the right to proceed with the legally valid permits issued.