Courtesy Toffeebrads, on the LSE board. "Appreciated the chance...

Courtesy Toffeebrads, on the LSE board.

"Appreciated the chance to attend last night and hear from Dave.
Have to say, out of the venues so far, the Forge gets my fewest votes for repeat use in the future.
(Sat on the back row, where it was super loud from the noise of the Friday crowd in the pub, almost matched by the impressive loudness of one or two of the waistcoats on show up the front of the audience ... Just what has Gareth Southgate unleashed? But would up-vote for the Brewery any day, or the globe even, although that was a little crammed last time too. That said, I unfortunately left before the after-Q&a craic, which I expect would have been lively there!)
Am hoping the audio from box markets helps to fill in some of the gaps in the Q&a that I didn't quite hear before I had to leave.

In general, a convincing narrative on the company's current position; funding through the next milestones in place until May next year. Honest appraisal of the HRZ -not the result everyone wanted, but not at all dead, just needs deeper pockets to exploit, and further technical evaluation which will help sure up the data room for the unconventional farm-out. Continued encouraging signs on the conventional side. Continued confidence on conventional far out - an 88e might not be able to dictate fully the pace at which majors will move, but nothing in the chat yesterday suggested that we are scrabbling to cut a quick deal to just secure funding..... There's recognition that it's about bringing in the right calibre of tier 1 player to bring the science, not just $'s (or yuan).

I do get the antipathy towards the incentive scheme's timing, but fair play it's good general practice /reasonable governance in terms of linkage to direct operational performance milestones and incentivising SP growth year on year.
We can't expect to dish out hair-suit treatment for the board for executing a high risk untested play and not ace-ing it on the first goes.
Those of us that are marginally or majorly underwater at the moment would not be complaining to pay out incentives to those that have gotten SP back to 3p plus in a year, and repeat similar percentage multiples in yr 2 /3.
Has always been a high risk high reward share, and remains so, but expecting next 6months to determine the scale of the opportunity as deals are done and the conventional drill begins.
Best all."

Still looking for clarity around the SP appreciation measures. That's the KPI that'll speak the loudest to me.

See what the video brings.