Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
As I said earlier moniman your this is a Croft issue, not ORPH or POLB
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.openorphan.com/sites/openorphan-v2/files/2021-10/Croft_Nominees_Trust_Undertaking_Redacted.pdf&ved=2ahUKEwi8-o7cmOL3AhWJa8AKHRXUC6M4ChAWegQIBBAB&usg=AOvVaw33bAUuE_LJ4gzYXeh5Ytuu
The above link (I hope it works, if not Google is your friend) is the agreement between ORPH, POLB and Croft Nominees setting up the trust. If you look at page 2 para 5 it quite clearly states that it's Crofts responsibility to forward the shares in line with the register after not more than 5 days from the end of the lockin period. Your question should be directed to them, although I haven't yet discovered either a phone number or email just a snail mail address, bit I'll keep digging.
It's Croft causing the delay, I'm sure they won't see it as such just going through the process type of thing. POLB lost control of the shares when they were locked into the nominee trust account.
My main criticism of CF, and it was he rather than JS, is that he went into this arrangement admittedly on "expert" advice without fully understanding the process himself; I bet he won't do it like this again.
Because Poolbeg have a different NOMAD, finncap rather than Arden. Arden are a joint broker to POLB, but that's not affected by the takeover in the same way.
Yes, got a corporate action notice from Interactive Investor last week. If you wish to take advantage of the offer I suggest a call to HL pronto, I certainly have not taken up the offer.
Most of this letter is personal opinion and therefore worthless in getting a Secretary of Stste to call in the application. The remainder has, in my view, been dealt with during the application and hearing process. Whilst I cannot see, but I'm not a lawyer, any sound legal objection to the councils actions in passing WN, I am prepared to admit that this may result in a delay whilst this nonsense is put to bed, hopefully not too long; the great advantage for UJO is that if there is a delay the value of WN will keep rising whilst we wait.
I think you misunderstood the relationship between council officers in this case the planning officer, and councillors. The officers give advice based upon professional opinion, the councillors make decisions based upon local requirements and for the good of the community in their opinion, the officers service being just one input to their decision.
Whilst it is possible to sue, you would gave to proove some sort of malfeasance or dishonesty, and good luck with that.
After a bit of reading on this I can see why the councillors have done this, between the lines they feel that Egdon have been taking the ****. Multiple applications over 7 or more years, each one asking for a bit more time and more particularly an extension or alteration to the terms of the planning, but doing absolutely nothing other than make a gateway. Egdon have dropped the ball on this one, it will go to appeal and will most likely and correctly be approved, but for now LCC councillors have given EGR the middle finger. A bit more upfront honesty and action was required, but didn't happen.
Unless I'm misunderstanding here, I'm deeply unimpressed by this news. After Cathal going to great efforts, apparently, with HMRC to ensure that the inspecie dividend is ISA compatible, or so he said, several times, it now appears that this is not the case and we can only hold them in a trading account.
Up until half an hour ago I had no intention of selling out of POLB, now the jury is out.
A thought has just occurred, I wonder if we can transfer them back into an ISA in Aptil?
Just for information Heid, approximately 15% of British homes do not have a gas main, the great majority of these use oil, I know I do, about 2,500 litres per year as it happens. I don't have a gas main within 5 miles, many others in rural areas are in the same boat.
Over on the AAOG board there is talk, unsubstantiated talk, of UJO, RBD & EGR together being a good fit to buy the currently for sale Saltfleetby gas project and using AAOG and it's Β£43m of O&G exploration tax credits as a wrapper. There is certainly some logic in my view. Discuss.
Well Orc, maybe they're top slicing a bit of profit, nothing wrong with that some of us are up 3x at this, just because you bought at the wrong time don't assume we're all in the same boat. It will come vack with patience.
CF has mentioned the tax implications of dividends several times, if you're Irish resident this is an issue, if your a UK resident PI chances are you are holding in an ISA or SIPP and his personal tax worries are totally irrelevant to us, since those with tax efficient investment wrappers won't pay a penny tax no matter what. He needs to concentrate on the generally excellent, in my opinion, job he is doing of running the company and stop worrying about my tax planning.
In my opinion the cash now being generated would allow for a modest dividend without any likelihood of leaving the company short of cash for any future investments.