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Nothing manwithplan, there has never been an intention or indeed method to sell power from the C65 turbines, what they produce is only for use on site.
The plan to provide power into a local network requires installation of both a large gas engine and the necessary permissions, switching and cabling to connect to the local network. Things seem to have gone very quiet on this front; so we are still flaring the gas off.
Because he looks in here occasionally and sees shareholders constantly complaining about his communication, or lack of it, probably has similar in his inbox, so thought "I know, I'll communicate." So now the he's drowning in "why did he do it."
Who'd be a small cap plc CEO? He's welcome to it.
That the out will be a takeover is I believe pretty well certain, I don't believe that it be will large Pharma for the reasons mentioned by earlier posters, much more likely a large CRO, ICON has been mentioned by CF as a definite possible.
I'm aiming this particularly at you Nightingale because many posters have come up with this "it's an annual fee" thing regarding RNS costs over time. Well you'd better tell the London Stock Exchange, because they take a different view. https://www.lsegissuerservices.com/marketplace/LondonStockExchangeRNS
Heid you need to be more accurate. The Newton well has nothing to do with us, it belongs to MetalNRG, lying 10 miles west of Lincoln. It has produced but is currently shut in, basically they drilled the formation in the wrong place. It's an interesting prospect , but it isn't West Newton.
I'd didn't miss your point at all JD and I'm not saying that for another company your logic isn't sound, in theory. However UJO is not and never has been an oil company, it's an oil investment company.
Added to which the current 40% ownership of Egdon by the bidder makes any counter offer utterly pointless.
JackDiamonds you ask why UJO didn't make an offer especially with Egdon being the operator. I'd say that that is precisely why, DB has said on several occasions both in interview and shareholder Q&A that he has no interest in being an operator. Becoming an operator would be a huge change for UJO needing many more staff and associated costs. Let's stay as we are, keep it simple.
Personally I don't expect an offer in the immediate future, although ultimately that is why I'm here.
It would have been easy enough to continue the ".......made a reasonable return" sentence with "but as part of the sale agreement we had to sign an NDA, therefore I cannot give precise detail of the sale." But he didn't.
The question is what do the Mongolians and PM need to sign which can only be done physically in the in MATD is registered? To get cabinet ministers to travel half way around the globe to somewhere which quite likely they'd never heard of previously, it must be significant, and it's not even TT fortnight yet.
To be serious JC assuming you really don't know. They vanish in exchange for money.
Once an offer is made the board will await reaction and see if other offers appear, we hope for a bidding war, but this may or may not happen.
The board will then either recommend or dismiss the offer. If they dismiss, we move on, if they recommend an extraordinary general meeting is called and all shareholders get to vote on acceptance. It is very rare for a decent recommended offer to be refused.
The bidder then acquires all shares and we the shareholders are paid out at the price per share which we earlier voted on. If the offer is accepted but you voted against, tough.
The price can be either cash or a mix of cash and shares in the bidder.
So for example if the bid is 50p and you hold 20,000 shares you get £10,000 credited to your broker account.
Hope this helps.
As others have said Carlos, nowhere near. We know roughly where Heron is right bangnon the Chinee border in Matad province. I have never seen the refinery location more accurately than Dorno province which is south east of Ulaanbaatar, making the distance somewhere in the 7 ti 800
This is a very odd trade even by AIM standards. Share mid price 24.25, buy price 24.5 and this is showing as an unknown trade at 25p, it seems pretty obvious to me. Persimmon's observation that it could be an amalgamation of several previously undeclared orders is not impossible, but that such an amalgamation would total exactly 250,000 seems somewhat unlikely to me.