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I agree with you, the problem for the BOD of a public company is the inability of individual PI's to work in concert; so not that they are only in for profit, institutional investors are not altruistic, they too hold their shareholding in order to make a profit.
Many BOD's right across the market appear to consider that the company board on which they sit is there primarily for their benefit, and as such small investors are indeed a nuisance and yes it would be ideal if PI's were able to work in concert and be represented by a single voice.
Unfortunately it's not going to happen is it?
Daltry.... PI’s are a nuisance. They are there for profit only.
Whereas institutional investors are there solely as ..... ?
DC1
It doesn't even have to be a complex scam I am currently talking to a young girl on a sugardaddy website
Probably not a young girl, most likely a fat man with a body and breath odour problem.
The cost of videoing the procedings would be exhorbitant, unlike the £18,000,000 spent on trying to defend the undefendable.
Ceb0-4560
Your comment are extremely valid, but as you do point out some of the questions may get the BOD thinking, perhaps some of them didn't realise that they were not fully appreciated by SH's.
Message sent 11.00 am
Thank you senseman.
I advised my broker a short while ago to use my approx 1,000,000 votes in the forth coming AGM and my votes are broadly in line with Senseman's analysis.
The results of the AGM will undoubtedly be controlled by Crystal Amber's substantial shareholding and these may or may not be in line with the wishes of the small shareholders.
Got mine on Friday (HL account)
Manro.
Considering that I have more than 1mL shares of PM (and ready to lose them but bring its scammer-CEO to responsibility), as well as more 450K EME holdings (which I can afford to lose, but hope to make big gain) you do not even imagine how small you are compare with me. It's like a little puppy and an elephant. Lol.
1ml PM and 450,000 EME.
Really that's not something I would brag about. As you say Puppies and Elephants.
Luckily as you state the small investment you have is something you can afford to lose.
I'm sure there are those with investemts that are perhaps larger who could also afford to lose, but prefer not to and there are undoubtedly those with smaller positions who are not in such a fortunate position.
Try not to gloat, it's unbecoming
Mira:
There is no need to panic but it really focuses attention on what do the company do next. So far CA etc have not really said anything about plans after the bond holders are paid off. It now is a matter of urgency to come up with a decent plan.
Certainly no need to panic.
Though would consider the windfall tax a sop to the voters rather than a serously thought out and considered prop to the economy. I was under the impression that the tax is based on profits from UK earnings, surely big oilers income from the UK pale against their non UK earnings so will be less effected than the smaller home grown oilers. The big oil companies are not likely to substantially increase their already stated aims to invest in greener technolgy, the smaller companies may however find it less palatable as they have fewer opportunities.
Throwing cash into the economy may well also create an added aid to increased inflation at this critical time, with the possibility that the BoE will need to yet again increase interest rates, great news for those on mortgages.
Toff:
Big oil should confront populist vote buying politicians and threaten to leave Britain - and what a grievous wound that would leave on the country.
I beleive the tax is payable on earnings from the UK and not from overseas earnings, as such big oilers who's UK earnings are dwarfed by overseas income will feel less of an impact from the tax as will the small and medium independants in the UK.
The tax is as ever is ill thought out, the impact on the smaller oil companies will be significant and this on an industry that is already grotesquely over taxed.
As EasyP and Gloucester said CA are unlikely to let their shares in Hurricane go for peanuts.
Crystal Amber Fund announces that its unaudited net asset value ("NAV") per share at 31 March 2022 was 164.8 pence (28 February 2022: 149.9 pence per share).
Over the quarter to 31 March 2022, NAV per share grew by 15.1%, or 22.1% after adjusting for the 10p per share dividend paid in February.
The top two positive contributors to NAV over the quarter to 31 March 2022 were Hurricane Energy (27%) and Equals (4%). Top detractors were De la Rue (-7%) and Board Intelligence (-1%).
0161:
So in simple terms, if an oil producer buys Hurricane and absorbs it into their company the purchaser can utilise the tax losses.
Sonny.
I know the feeling as I have a number of similar investments with substantial losses and I sympathise (Sirius Metals lost me £32,000) with all who are currently in a substantial negative position; I'm just taking advantage of the current price on THG as any investor would. Hopefully any increase in the value will go towards alleviating the losses on other equities and believe me I really hope that the price hits a level that allows you and others really hard hit to eventually break even and profit.
30% discount...
I'm not sure how this is justified by the 4th April RNS. Seems to be a rather generous offer to someone.
The Orior Capital report suggests a current value of 4.8p/share based on peer comparison of similar development stage companies, noting also KEFI's estimated NPV of 12.9p/share based on the attributable values of its three key projects.
Mr Wiks
The USA seem to be most vocal about fuel costs yet the US markets have managed to raise the price of crude by 4 dollars today.
and Brent back up to $111
Aspers.
Always wise to be less than enthusiastic, enthusiasm is good but unless anyone has the dubious advantage of insider trading I would never suggest to anybody that investing in any equity should be done with funds one couldn't afford to lose.
I'm not too sure that 6th sense can be classed as insider trading, but it's a strategy that has some potential I suppose.