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Good evening Fibonacci
There is no reference to the role of a Remuneration Committee in Companies Act 2006, s.172.
However there is a requirement in clause "d" for directors to consider the impact of the company's operations on the community and the environment, and in some folks' minds the Italian Gov view on nearshore oil exploitation might fit that clause, so rendering the directors non-compliant?
HMRC stopped taxing dividends at source in 2016. There is an annual dividend allowance free of income tax, and the cash element will likely be taxed as capital gain, so perhaps it's a small sweetener to retail investors?
IF they can obtain signed audits of the Bermuda historical operations
IF they can compile consolidated group accounts to the satisfaction of FCA
IF they can get a prospectus approved by FCA
THEN they can admit the February placing shares to trading
THOSE 3M plus shares were placed at 2p and will initially trade at that price when admitted
It's going to 2p without news and the next news will be in November
GS is out of his depth here
We did a blinded experiment with a professional diviner from Elgin and he got a 75% success rate from surface maps of North Sea. I asked him to show me how to do it, so it was a live experiment.
All good fun!
Back then I was gainfully working, and one day my PA looked up from her PC screen and said " there's some character on ii who says he can divine the well results in the Falklands".
Talk about PMSL, I had to go to loo and convulse.
Stevo12, Noble Energy was a US company, as was Diamond Offshore both of whom had significant operations in FI in the exploration phase but it did not stop Argentina from threatening to arrest their executives if they set foot in Agentina. The Noble country manager in FI was sure that the US Marines would rescue him if that happened.
C' mon the Rock, where's Borgo when you need him with his bar stories ?
Are we there yet? Even "Garbled" is reduced to reporting the spread on IG instead of telling us about Sharon.
If you're not careful, I might get the twigs out again.......
Surely these contracts will be awarded subject to project sanction, with perhaps sweeteners to deliver vendor package designs which allow the overall detailed design to move forward.
For investors, it is the project sanction date that matters since there is little chance of backtracking after that. If that date is well into 2H19, then we cannot expect significant price movement before then?
Rpoodle
Did you also discuss the sanction date, which the company narrative has suggested trails FID by as much as six months? If project sanction is going to be a year from now, that would influence the decisions of many investors, I expect.
Before it all went tits up....
https://www.dropbox.com/s/e8bqikaf53kaxi8/Andy%20Morrison%20-%20Rockhopper.pdf?dl=0