Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
kooba
Our messages crossed during the mutual writing thereof. Thank you. Whilst being fully aware of your ADVFN post, this forum has many multiples of ADVFN member, very few of whom peruse ADVFN. Your ADVFN post now stands on here as your response to my courteous request. I am sure many LSE members appreciate your clarification.
3RD COURTEOUS REQUEST
Kooba
Sorry to press, But you have had time to post on other aspects, so it is clear time is not an issue. Yet again I courteously request a response to my courteous query. Which is below. There is no need to be shy. This is an understanding forum. If you are not prepared to respond to my courteous query, just state so, kindly citing reasons:-
"Kooba
Whilst am sure your full shift here today on various technicals and important detail is well-appreciated, please could you attend to a little outstanding housekeeping?
Yesterday 16.37 you heavily implied your involvement was greater than I (and thereby others) had any idea of, ie:
"Yep i know all about it as i said..both hearings everything thanks. I don’t want to fall out senseman but you have no idea of my involvement."
For the benefit of the forum, please could you confirm that you currently have no active professional relationship with any of the main interested parties, or any institutional investor invested in HUR? Or put another way, that your interest in this matter is solely as a private investor? I did ask the question here yesterday, but you did not respond. Am sure clarification via a reply will be appreciated by all."
During the writing of this your new best friend ex-bondholder ex-shareholder ASI has posted you have already replied to this query. So sorry, but your earlier reply whilst angered was too imprecise. Whereas you may also be a private investor, such does not exclude you from also being employed by a main interested party, or an institutional investor. Your further comment is also too imprecise.
You must excuse my pressing. But this forum has over time been invaded by many Trojan horses of exquisite design, all of whom have over time been revealed. I have received several emails citing that your immediate precise knowledge of all things HUR (save in their view an objectively fair overview) is so considerable that it exceeds only that of mine and perhaps 1-2 others. Also queries as to why you are gracing this forum, of far greater population than ADVFN, so suddenly and fully at precisely the moment the proposed deal is announced, opining so eloquently that the deal is good and should be accepted.
I trust therefore there will be no problem answering this 3RD COURTEOUS REQUEST, and look forward to receiving your reply.
Kooba
Whilst am sure your full shift here today on various technicals and important detail is well-appreciated, please could you attend to a little outstanding housekeeping?
Yesterday 16.37 you heavily implied your involvement was greater than I (and thereby others) had any idea of, ie:
"Yep i know all about it as i said..both hearings everything thanks. I don’t want to fall out senseman but you have no idea of my involvement."
For the benefit of the forum, please could you confirm that you currently have no active professional relationship with any of the main interested parties, or any institutional investor invested in HUR? Or put another way, that your interest in this matter is solely as a private investor? I did ask the question here yesterday, but you did not respond. Am sure clarification via a reply will be appreciated by all.
I asked Maris the pump questions at the AGM. He put the odds of the backup pump working when stitched on at 75% - 100%, citing the wide range as being industry standard when citing probabilities. He stated there existed 'no good reason' it should not work but since nothing mechanical could ever be cited as 100% if inactive for a while he could not say 100%. That if far different from a 75% probability and much more towards 100% than 75%. Since he always been considered a decent COO (chief operating officer), and it's his field of expertise, in discussion afterwards we all put it at +90% and him opining it would work barring the wholly unforeseen.
From firm memory of when they had to switch it over before, the fault was a topside electrical fault and nothing intrinsically actual pump related - again from firm memory production was only down for a few days - PI's will remember it was considered such a minor matter PIs chastised it being included in the next RNS because it normally would not be and inclusion was viewed as Maris dark mood music keeping the SP down. So it is not a case of the pump itself having an unknow fault which may suddenly reappear.
He also stated the downtime to be 3 weeks total for switchover using ROV and Chafee backed him up on this.
What was openly said by Maris & Chaffe - it was definite with no huffing and puffing - can be relied upon as being more accurate than a protective written email response to the same question being issued by HUR comms
Thank you Eski for your kind words - as usual still nothing constructive
I argued against what I viewed unfair CA criticism for lack of HUR news, reminding people of what they had done for us (and themselves), and saying it was wrong to desert a friend without good cause. I stated the news delay was likely because CA were allowing enough time for the FSP to be completed. That has proven correct.
I have never tried to stifle debate. Don't lie.
Had a deal been announced which I perceived to be fair to PIs, I would have had no complaints. I may personally not have liked the deal, but I would not have chastised CA. I now criticize CA because I believe it agreed the deal (to my considerable surprise) to suit it's own narrow purpose, and which it knew most if not all PIs would hate. It was under no pressure to do so. if I were a CA lickspittle (your previous accusation), would I not now argue the deal was good? I believe the Irrevocables are in place because Prax, HUR, CA & Ker know that whilst the deal suits all their narrow purposes, it would be hated by us active 21% PIs which it knows could endanger the necessary 75% AGM vote needed. The best way to secure 75% is to persuade other inst invests it is a done deal so easier to follow the already 45% herd, and to disenchant the 21% PIs.
Should I keep quiet when I believe CA have, for the first time, knowingly let us down when it need not have? What would your comment be then, Eski.? Or should I voice criticism? I believe CA was obligated not to agree a deal it knew PIs would hate, and have earlier given my reasons. It was my view of that reciprocal obligation which caused me to opine that PIs should not precipitously criticize CA when no just cause existed. it's called loyalty - something I place great store on. But being loyal does not mean blind loyalty. If a friend let's one down badly - should one keep quiet, or call that friend out? The answer is clear. FWIW, I have made my views crystal clear to CA.
The logical consequence of what you say, Eski, is that I would be a CA lickspittle and be dammed if I opined the deal was good. But I am also dammed because I argue it is a bad deal and CA have needlessly let us down. That is the problem of malicious argument such as yours Eski - it seeks to damn the target all ways. Sensible posters understand both the concept of loyalty, and also that loyalty does not mean turning a blind eye when bad things occur. Are you a sensible poster, or not?
People did predict it in 2021. Various forcastors, CA, me, couple of hundred PIs on here, common sense. Judge agreed.
No one currently is arguing mega oil next 3 years - it may happen, it may not. But most experts & common sense predict well above current $75.
It is not necessary to cite or prove high oil
It is only necessary to reasonably show that low oil will not persist, and is thus a false metric to utilise. HUR is not in forced sale territory
HUR, now CA (quelle surprise) & kooba's figures rely on oil stay at current low for next 3 years. it will NOT.
The last time such metric was applied was for bond repayment cash calculation. HUR figures proved to be $140 mill out (yes, $140 million out, in a single year). The potential difference is a false metric is applied is HUGE.
All here opined consistently over long period that HUR's well 6 standalone till end of economic life figures are fiction.
Does CA suddenly embracing HUR's figures (to justify it's deal decision) make HUR's figures more reliable?
Does kooba (alway's embraces HUR's figures) agreeing make HUR's figures more reliable?
Does 3 fools rather 1 following the dustcart believing it to be going to a wedding rather than the town skip turn the dustcart into a limousine? Or does it remain a dustcart?
Or put another way - have we all been wrong all this time, and suddenly all agree HUR BoD's figures are correct?
A banking squall and temporary oil is a snapshot in time, and no basis for a 3 year forecast & valuation.
There is more chance of someone proving God exists than oil staying low for the next 3 years.
https://www.reuters.com/business/energy/oil-price-fall-speculative-hit-140-by-year-end-andurand-2023-03-21/
https://oilprice.com/Latest-Energy-News/World-News/Pierre-Andurand-Oil-Prices-Will-Hit-140-This-Year.html
Am most glad to have wasted another hour or two of a certain poster's life- my - the time and work he must have put in to trawl through so many posts to find and cite so any out of context.
It makes my heart sing to see I still get to an ex-bondholder ex-shareholder so much
kooba
perhaps you can you now tell this forum which significant interest group you represent?
It's true - 18 April 2022 was a VERY BLACK forum day
kooba
but kooba, deviant soul. admitter of acting for an undeclared significant entity - for weeks you have been ADVFN opining (as have all) that ASI is the self-declared multiple alias poster. what for the sudden 180% reverse opinion change? like a new best friend crawling up your leg?
the golden rule when one has been caught with one's knickers down is.....keep one's gob shut and say nowt
you still have your knickers down - every rogue post you make reveals more of what they hid, and diminishes you further.
NB: Stay on here....and you're in for a long night...
kooba
the golden rule when one has been caught with one's knickers down is.....keep one's gob shut and say nowt
kooba & ASI - a marriage made in hell
kooba who in recent weeks spent hours on ADVFN deriding ASI for having multiple personas pertaining to be senseman
NB: Stay on here....and you're in for a long night...
kooba
the golden rule when one has been caught with one's knickers down is.....keep one's gob shut and say nowt
NB: Stay on here....and you're in for a long night......
kooba
jacqui's been yanking your chain on advfn with fair comment last few days - is he also mad?
keep digging - i repeat - this is a wise forum with long memory which has seen it all before - you will soon crawl away
it is also loyal - and does not take kindly to those with undeclared agendas outstaying their welcome
NB. I repeat - stay on here....and you're in for a long night......
kooba
keep digging - i repeat - this is a wise forum with long memory which has seen it all before - you will soon crawl away
it is also loyal - and does not take kindly to those with undeclared agendas outstaying their welcome
I rather think you are better off preserving what remains of your reputation over on ADVFN
the golden rule when one has been caught with one's knickers down is.....keep one's gob shut and say nowt
NB. Stay on here....and you're in for a long night......
apology in advance to members
welcomed visitor from advfn kooba dropped his knickers in fit of angst at us not rolling over to his value opinions and revealed he is operating on behalf of undeclared major party
ASI has seen a fresh best friend leg to crawl up
they are boring us all but sadly nothing to do but to face them down now or they will be at it for days
we have seen it all before - at times punch-ups cant be avoided
this is serious stuff at serious time - don't allow them ANY wiggle room, just face them down
kooba
keep digging - i repeat - this is a wise forum with long memory which has seen it all before - you will soon crawl away
it is also loyal - and does not take kindly to those with undeclared agendas outstaying their welcome
NB. You're in for a long night.......
ASI
one needs be patient to catch a spy - enough rope to hang themself principle
it took the forum a mere week to catch you after your joining
have a nice day
ASI
keep digging - i repeat - this is a wise forum with long memory which has seen it all before - you will soon crawl away
it is also loyal - and does not take kindly to those with undeclared agendas outstaying their welcome
kooba
keep digging - i repeat - this is a wise forum with long memory which has seen it all before - you will soon crawl away
it is also loyal - and does not take kindly to those with undeclared agendas outstaying their welcome