The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
But 18.5% of 22% share of the field = a grand total of a whisker over 4% ! Well done rkh bod , again !!!
Well , the market must have agreed ( Not ) that the AGM vote was a resounding victory for the BOD !!! And that was why the SP dropped .
What an absolute dingbat of a drongo !!!!!!!!!!!!!!
Made my votes today ( all against ) thru HL . Hope we all together give the leeches bloody noses .
Just how do the Bod intend holding the AGM where it appears that no more than 2 people can be in attendance . Unless the laws have all changed , how is it possible for votes to take place when only 2 people can vote and thus not sufficient for a quorum ?
As longtermthinker asks , why can't the AGM be postponed until such time that it can be held when shareholders can all be present ?
Cyan ,
I have a feeling you might get a whole lot more ticks if you ask people to tick up " All those who DON'T want Nigoil back !!! "
" We look forward to updating shareholders further "
When exactly ? Judging by past experiences , it could be another 12 months away . And will contain just more bull****e . And despite Moody "looking forward " to it , I don't think the SH's will be !!!
Great post , Surfit . Everything you said is right on the money -- sooner this horrible BOD lot go the better for all of us .
Barnyards ,
" Hmm , I wonder what Sam will do "
Most likely give himself and his cronies a wage increase !!!!!
Over on ii the closing price was 6.9p. , with the bid at 5.75 and the ask at 25.00 ?
Could there be news of OM in the offing in the morning ?
Wouldn't surprise me if Putin had somehow planted the virus in Wuhan ; especially as there are hardly any cases in Russia ( yet ) .
Not if it's got a 2 ton lead weight tied to its tail like RKH ??
Hi Sean ,
Thanks for your comments . I agree re the BOD - could FIG possibly help in this regard also ? Would be good if they could .
How about all of the main players , ie Rkh ; Pmo ( if they haven't gone bust ); Navitas ( if they still want in ) and lastly but most importantly , FIG. all get together in a very high powered meeting to actually SAVE Sealion .
My plan revolves around FIG agreeing to suspend / defer the Corp. Tax + Royalty Tax until POO recovers to above $40 ( the current est. break even POO ). This would be built in to a new agreement so that in the event that there is a recovery in the short term but then later falls back , for whatever reason , then the suspension / deferral will kick in again . I envisage this plan to last for , say , the first 5 years of production . By this time everyone involved will be prospering .
This means that the consortium plus any contractors / ECF etc. would then not be required to be liable to FIG for any Tax and would thus give the whole project a much needed kick-start , once completed ,and would effectively make the F.I. likely the cheapest in the World in which to operate .
Even though FIG will be denied a vast amount of revenue ( but only until the POO exceeds $40 ) , at least the project will then be completed and FIG will also benefit from income derived from the contractors / employees etc . spending on the Islands .
So , what do you all think ? Anything has to be better than seeing the whole dream falling apart ? If this is deemed unworkable for whatever reason , then hopefully it will be food for thought for a similar or better plan ?
GL all .
Our market cap. is now circa £55m ; a far cry from what would be needed to gain a Main Market Listing . In fact it is doubtful that we would have even enough to pay for the listing fees .
Any offers for Moody's desk ?? What about the office furniture and the Filing Cabinet of booze ??
Oh , I forgot ; the office has now been relocated to the shed at the bottom of Ladyboy Nigoil's garden .
Big bear ,
We have not got anywhere near the money to pay for a Rig mobilisation/Demob. plus the manpower etc. to drill a well and to transport the rig plus all the gear down to the FI . You are talking of at least £200m , and that would be to just drill one well .
At present Rkh would be pushed to drill one well for water in Ironbridge !!
Besides , our beloved Bod would maybe have to get off their backsides and do a bit of work to sort it !! We can't have them having to do work at their time of lives , now can we ??
But , GL
Much ,
It will only be " cash in the bank " if the Bod don't fritter it away !!
Which is exactly what I was about to type , Cyan, but due to my wife's ill health , I was delayed from carrying out .
Thanks anyway for your message .
Regards.
Ovets ,
Could not agree more with your comments on Ladyboy Nigoil and our useless Bod . Once again I reiterate that any decent payout received from the OM arbitration should mostly be used on a huge share buyback thus effectively increasing our % share of Sealion/Izzy etc.
And no , it was NOT me that got him/her/it off here .