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No details I note as to what the recovery process from APEC of the transferred interest involves .... is it automatic?
hard to believe that they actually transferred an interest not making it conditional on at least the first tranche of financing from APEC .....
well if they are going for another appraisal it is because it needs it ... pity TOR did not do what had to be done from the beginning instead of obviously half doing it and then reduced to dealing with charlatans ....
so back to square 1 further dilution I suppose but at least the present team inspires a little bit of confidence as opposed to the last bunch ....
The phantom CEO
The last one couldn’t stop the ....
And now we have gone to the other extreme!!
Might it be time to start thinking that maybe BROE is not all TOR may have optimistically cracked it up to be ....
Its been on the market a very long time now and apart from "seeming tricksters" absolutely no one with any kind of credible backstory has ever appeared interested .....
If it was what it is portrayed to be it is difficult to believe that there should be any difficulty finding a partner ...... especially over the time period we have endured also lest one forget even Tor choose not to develop his own "find" ... which no matter how you look at it is hard to square .....
Needless to say I wish I was wrong .... to a certain extent the only thing that gives me any confidence is that the new chap didn't start off with a hard sell .... although I agree one is probably very desperate if finds hope in what in any other situation would be a pretty amazing breakdown in communication ....
The problem Manyana is that decision makers listen to the loudest voice and the middle is afraid to speak for fear of being accused of being anti whatever the ever multiplying cause of the day is ...as indeed are our political correct politicians ....the pragmatism for which we were known has dissipated and all that is left is emotion and identity politics ....,. in its place
I have to say that it is amazing that investors are told nothing whilst nearly the whole team responsible for the debacle have jumped ship with no doubt generous packages .... you couldn’t make it up ...
why would pvr have transferred a 50% share without making it contingent on compliance with full performance of their funding commitment .... I can t believe that even the pack of jokers we had running the company would have done that it beggars belief as does the fact that we have been told nothing ..... it’s criminal
It’s the way I tell em!
Two caveats in one sentence
"From what we know, Barryroe is a great project and all things being equal, it should still be developed,"
Year of end statement from the bronze:
See ya later suckers!
I agree M .... with the information we have been given ... none of it makes any sense .... a mystery ....
If any majors were really interested it would have already happened I believe
Looking at the facts the only people TOR found interested in BROE were a suspect German followed by even more suspect Chinese it appears ...
If PVR ever pays us the compliment of explaining the situation ....
If it was potentially hot money and inappropriate for the regulatory environment ... why the mystery ... why not say it ... personally I am amazed at the silence ..... imagine if you got money of someone X on the basis of a promise by a third party to invest in a project ... and after confirming that the third party was transferring the money via a bank (with confirmation by the bank) and then suddenly nothing , silence, no explanation nada ... but you still used the money you received from x to pay yourself a handsome salary ... and then having nearly used up all the money ... you just resign from the business .... without telling X anything .... no details ... nothing .... some people might be calling the police ....
that sounds like a quote from the Spanish chap?
certainly not a case of frustration ice cream but agree with the rest more or less although because we have incredibly been told absolutely nothing ... no one knows what happened .... the problem is if I understand is that the transfer of interest to APEC has occurred ... although unsupported by consideration ... if they have a declared legal interest then it will have to be "undeclared" ie taken back ... and so if the transfer has occurred either APEC agree to surrender their interest or it will have to be taken back .....
it is difficult to believe TOR actually transferred a legal interest before receiving any money .... he s probably not the smartest .. the last decade attests to that but there must be a limit .... one would hope
Manyana perhaps Tony is waiting to transfer to an "liquidator"!
Does no one here consider it strange that the whole APEC question remains unexplained .... even now .... why?
that none of the so called other interested parties have appeared ....?
Perhaps they are afraid that the seemingly misleading nonsense that the company has been peddling for the last while might attract legal liability and consequently it would be a good time to bail out before you know what hits the fan .... there is nearly nothing left now onboard ... they have all fled what appears at this stage to be a sinking ship ....
How does one know there is no interest from majors in PBR .... well I suppose one cannot know ... especially as no information apart from general statements in support of turning the drill bit is ever released by this company as far as i can see ... but a clue might be the fact that your friend Tony has apparently been trying to farm it out for the last 6 years or more .... presumably you would consider those attempts to be unsuccessful and tus indicative of perhaps a lack of interest ?
For how long has the money been with HBSC .... has the board been given or asked for any update .... has Apec been in communication ..... does the bronzed one still receive money every month for whatever it is he does......?
You have found me out!
I have heard Brexit blamed for many things but using it to explain the present debacle is perhaps stretching things a little ! Perhaps it’s Theresa May fault .... !
Perhaps my wording was too strong and was partly tongue in cheek .... but I consider that there has been very little clarity as to what has been going on during a rather unprecedented slide from 700 to 4p ... personally if I was in charge during a disaster such as that I d have to feel partly responsible and claims such as Tor is not to blame appear a little positive as the reality is that we have had so little information that it is difficult to say what exactly is going on .... but of course if anovas and Juan are happy with management during this period ... that is their right just as I have the right to question why I know so little about what can only be considered as “going wrong” and as to old techniques ... they don t appear to have been very successful as regards having the management reveal the details of their agreement with APEC and regular updates about what APEC and their bank are saying about the transfer that Tor recently appeared so confident about and given that September has ended and October too nearly ... what is his thinking going forward and more clarity as to “our” options ... but as I say those who are happy with the management are entitled to feel this way as are those who are not ...
Perhaps the first step would be to form a group .... I m afraid I m pretty ignorant in the new technology front but I agree if we could form into a group ... any tech people out there and ask the right questions then you might be surprised as to the answers ... at least we could try for Tor s house in Malta if Anovas gives us the address !
Seriously this Tor chap appears to have been taking everyone and their cousin for a ride for far too long ... maybe it’s time to try and at least try something .... suggestions welcome .... to at least protest about being ripped off so badly ... never have so many being robbed by so few!