I would have thought that pledging profitablilty by 2050 would be the first step.
The optimism that they will still be around in 2050 is grounds for hope. Presumably by relocating to Shanghai.
PS Polarcus defaulting: thoughts on that?
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Thoughts on that?
https://mobile.reuters.com/article/amp/idUSKBN29U00C
Just another example of the "laser like" focus of management to become profitable NOT !!! I am sure they hired expensive consultants and spared no expense to come up with that mind blowing plan. Polarcus should stay and CGG should go.
worry about this year's survival first
Axxis Geo filed for bankruptcy 3 weeks ago, in this environment they’re done.
Polarcus: Notice of termination of employment will shortly be issued to all Group employees.
https://polarcus.com/press_releases/polarcus-lenders-withdraw-support-of-ongoing-vessel-operations/
AGS next? (OBS / OBN acquisition company)
https://www.axxisgeo.com/
in 2050 there will be no cgg
Lundin Energy to plant approximately 8 million trees, investing MUSD 35 between 2021 and 2025, capturing approximately 2.6 million tonnes of CO2.
https://www.lundin-energy.com/lundin-energy-announces-its-2021-budget-accelerated-decarbonisation-strategy-and-capital-markets-day-information/
Maybe CGG will do the same? (and burn more cash?)
Polarcus: Probably bad news for CGG/Sercel!