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Just for clarification here and to combat Toffers’ absurd comments regarding these court cases - that they could somehow cost the company millions and put us under, that’s absolute, 100% nonsense.
The Queeld court case is about the issue of replacement share certificates, not money. Even if, and it’s a massive if given the flimsy nature of their case (I’ve read the court documents) Queeld were to win, Eurasia would simply issue replacement certificates and move on.
The Logik case is about £300,000. Not millions, and even if (again a big if) Logik were to win, Eurasia can very easily cover this amount and move on.
Toffers, do one.
Can't see it personally. The company have told us they're looking primarily at green bonds for the majority of funding which is certainly the best option. They'll clearly be looking at Plan B/C/D as well but no reason to believe we're headed towards a JV when other very viable and preferable options exist.
Absolutely - top summary AsiaMarket! The debt finance was actually the most positive part for me of this morning's RNS. I feel like I've been fighting placing rumours for months now saying that the company would never raise through the markets at these levels, and finally it looks like the company have confirmed this. Very pleasing to see.
Marty - doesn't matter if it's a bank holiday in NZ or not, you can't RNS on a bank holiday when you're listed on the LSE. Personally expecting results either today or tomorrow.
And also, the Justice and Home Affairs committee is a House of Lords committee rather than a govt. department with the power to intervene in judicial proceedings. They can discuss things and impact potential legislation, and conduct inquiries when things go wrong, but they wouldn’t be able to have an impact on a court case or pass judgement on one.
Apologies if I came across as being obstinate - just trying to inform rather than be a d1ck.
Well, for your future reference the JHA isn't really a thing - the Justice Dept and the Home Office are two separate government entities, so that's never going to appear in a legal filing. And the Home Office certainly wouldn't have jurisdiction over this kind of court case anyway. You can find the Home Office responsibilities on the UK Govt. website - nothing to do with this.
So Toffers, you don't have access to the court information (nobody does yet as it's only just appeared online and takes a few hours to be uploaded so we can see it) but your first thought - with absolutely no justification - is that it's been referred up the chain to politicians. A court case about nothing other than some allegedly lost share certificates...
Highly unlikely.
In May if the material info hasn't yet been disclosed to market, the options will 99% be extended again. The board can't take them up at the moment, and they won't want to lose them, so as long as the NOMAD is satisfied that they have sufficient justification to extend, they will extend.
It’s hardly fair to suggest that management have lied. If they were lead to believe that TMUP issue was imminent that’s not on them, and to be fair to them it does seem completely crazy that after all this time, and holding valid extraction permits, they’ve been told they can’t have the TMUP yet for nothing but bureaucratic reasons.
Timescale has clearly slipped but end game should be achievable, just got some more hoops to jump through first.
Makeabundle, not sure what you mean - the Company has already told us that Nyud will be used as the template for the Rosgeo JV projects, which will only be developed upon successful conclusion of Nyud. They haven't told us what they consider 'successful conclusion' to mean, but I don't know why people are expecting an RNS on the expiry of the JV asset selection period. We know they've obviously selected Nyud, not sure what more needs to be said on the matter right now.