The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Norway’s $1tn oil fund, the world’s largest sovereign wealth fund, is to plunge billions of dollars into wind and solar power projects. The decision follows Saudi Arabia’s oil fund selling off its last oil and gas assets. Other national funds built up from oil profits are also thought to be ramping up their investments in renewables. The moves show that countries that got rich on fossil fuels are diversifying their investments and seeking future profits in the clean energy needed to combat climate change.
The BOD need to be accountable for past communications that have overstated and under delivered. The good thing is..they have 3 months of cash to burn now. Not getting a penny more from me...open offer or not. The light at the end of the tunnel is why would consortium members get involved with these clowns as well as some honest non board staff trying to get deals over the line if this is only a crock of shit and we are being totally played by the minty clan and followers. He does deserve to be rewarded but needs others around him like GS and Share holders to make this realistic. Clock is ticking and 3 months max!!
Mfdevco website also shows GS on the non executive director list. Just to clarify that issue as well.
Graham now showing as a director at Mfdevco.
Due to the intermittence of wind, annual use of the infrastructure is typically around 40%, according to the Oil and Gas Authority, leaving plenty of spare capacity for GTW. The initial focus of the deal will be in improving the value and recovery of fields in the UK North Sea, but will also investigate other projects that Manchester-based MFDevCo is pursuing worldwide. Siemens will provide information and support to secure GTW projects, in return for an exclusive first right option to provide equipment and services to those projects. MFDevCo managing director Alison Pegram said: “We are very pleased to be working with Siemens in our latest initiative to maximise the economic recovery of resources currently considered stranded. “I am excited about the opportunities that gas to wire presents and encouraged that a company like Siemens shares our belief in both the potential and our plans.” Both parties have said they hope to extend the initial two year period to a “long-term relationship”. Rob Barnes, Head of Siemens Oil & Gas ERA Region, said, “We are delighted to support the MFDevCo team which has a real insight into the viability of the marginal fields in the UK. “By applying the right technologies to the efficient development of these fields we believe that the untapped potential of these assets will be realised.”
As others had received the same, my cut and paste was to verify that the company hold their comms position. The reality is that apart from those they want to make richer the rest of us will get nothing apart from an RNS from now on. Emails, tweets..etc will be of no real value.....basically we wait in silence..
THE PROBLEM IS: THEIR SENSE OF PROGRESSING QUICKLY IS EQUIVALENT TO AFRICAN TIME. IT HAPPENS WHEN IT HAPPENS: copied text as it appears we all get the same message anyway. would like to emphasise the fundamentals of the business have not changed. There is a great deal of ongoing activity and good progress continues to be made. As Graham outlined in the interims, MFDevCo is pursuing multiple opportunities at different stages of development, a number of which are at an advanced stage and are progressing quickly.
The latest info from the company talks about advanced stage projects progressing quickly. Is this the same as #excitingtimes. Propaganda or truth?
Good on ya LT. Crossed fingers time!!
I'm just wondering if Seadog and TIPTOP who ramped Aminex to a peak and then got out are the same trader. Styles very similar! Shame on you if it is. Apologies if not....but where are you Seadog if not??
So the BOD have left themselves in a situation where they will rely on an open offer? Why not raise more now? Cannot see one LTH taking up more without a deal being signed!!! That leaves 2-3 months before the xxxx hits the fan.
No problems.
How the hell do they get such large consortium companies on board when they come across as a bunch of rip off merchants. Surely the danger is Siemens and co get nervous about their dealings if they carry on like this.
What was the guys name who ramped this up into the 5's and then disappeared?
At last we see the director with such positive sediment buy into the company....oh no forgot its April fools day. And yes...sediment!!
Fair post. It does seem that way.
Would love to see the office project planning board and expected timescales. Or would I?
No...we find ways to hold these shysters to account. That's what we should focus on!!
What was the name of the lawyer at the AGM?
Hang in there LT. Not sure what we can do but I'm investigating legal action.